By registering, you agree to Forges Terms of Use. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has acquired ICAS World, a global employee assistance program provider with a network of care professionals who offer localized support for people in more than 155 countries and 66 languages. Lyra Health does not currently have an official ticker symbol because this company is still private. Which types of acquisition does this organization make most frequently. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Have Watchlists? Kotb has not appeared live on Today since February 17. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. If you own Lyra Health pre-IPO shares and are considering selling, you can find what your shares could be worth on Forges secondary marketplace. It is a life-saving technology that assists those with advanced diabetes stay healthier and prolong their lives. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. Greater use of primary care services has long been associated with better health, better care, and lower costs. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. A Health Data Reality Check, The Time Has Come For Expanding Health Savings Accounts, Why Silicon Valley Is Failing To Address Health Equity, Meet Americas Best Startup Employers 2022, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Telehealth platform Lyra is taking on bigger mental health challenges. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.". Lyra, which offers an easy-to-use digital platform to connect people with mental health providers, has around 1.5 million members so far, adding more than 800,000 people since the start of the pandemic. Which funding types raised the most money? Prime Unicorn Index notes that the terms surrounding this Series E round include a pari passu liquidation preference with all other preferred, and conventional convertible, meaning they will not participate with common stock if there are remaining proceeds. It also noted that Lyra Healths most recent price per share is $27.47, an up round from the Series D, which priced shares at $14.21. "Lyra's innovative, evidence-based approach to delivering mental health care, combined with ICAS's extensive local provider network, transforms access to quality mental health care for organizations and their employees and families," said Andrew Davies, CEO of ICAS. "Leading companies understand the immediate, critical need to provide effective mental health care for their employees and their families," said David Ebersman, Lyra Health CEO and co-founder. Adding ICAS and its localized services in 155 countries is a transformational step as we strive to become the global leader in mental health care and the gold standard for providing fast access to the highest quality care.". Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Nearly 1 billion people worldwide suffer from a mental health disorder. Update: Discord confirms raising $100M at a valuation of $7B. Heres Why, Making Primary Care The Primary Focus Of Our Health Care System, Why Continuous Glucose Monitors (CGM) are Vital For Diabetic Health, The Women Working To Solve The Home Health Caregiver Crisis. This browser is no longer supported at MarketWatch. Lyra Therapeutics went public on April 2, 2020. This means international expansion and investment in more clinical services, as well as expanding the companys market segment beyond large employers and aiming at government and commercial health plans. Lyra has raised around $275 million to date. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Around 50 million people in the U.S. have a mental health condition, and the Covid-19 pandemic is exacerbating two of the most common: anxiety and depression. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? Data may be intentionally delayed pursuant to supplier requirements. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. Before the pandemic, the trends were shifting in favor of both increased use of telemedicine and behavioral health services, but no one could have predicted just how rapid the acceleration would be. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Copyright 2023 Forge Global, Inc. All rights reserved. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Around one in four U.S. adults suffer from a diagnosable mental health condition and depression is one of the leading causes of disability worldwide. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Their latest funding was raised on Jan 19, 2022 from a Series F round. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns, Lyra Health Introduces New Offerings to Support Whole Family Mental Health. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Burlington Stores stock rises on positive Q1 earnings outlook, Best Buy Q4 sees FY2024 adj. Lyra Therapeutics went public on April 2, 2020. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Lyra Therapeutics market cap as of March 01, 2023 is. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Who is Lyra Therapeutics independent registered public accounting firm? LYRA | Lyra Therapeutics Inc. Stock Price & Lyra Health then can connect patients to its network of thousands of therapists for appointments, consultations and check-ins. Lyra Therapeutics Inc. is based in Watertown, Mass. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. In a rapidly changing, uncertain and stressful time in history, the mental health and wellbeing of employees has never been more at riskor more important for employers to invest in. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? The paperwork was uncovered by Prime Unicorn Index. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced Based in Henderson, N.V., Ontrak is an AI-powered health technology company. Discover how retail giants and tech firms will bring revolutionary changes to healthcare delivery by 2023 and beyond - learn more about the potential of retail healthcare dominating the market share. EPS $2.61 vs. $2.73 a year ago, beats the FactSet consensus $2.10; stock gains 0.3% premarket, Key question for stock-market investors: Take profits or sit tight in make or break March, Lyra Therapeutics prices IPO at $16 a share, high end of price range, Lyra Therapeutics Completes Trial Enrollment for LYR-220 Rhinosinusitis Treatment, These 5 biotech busted IPOs look attractive now that the sectorwide selloff seems over, Lyra Therapeutics, e.l.f. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Peizer is Historical and current end-of-day data provided by FACTSET. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. How can I sign up to receive Lyra Therapeutics press releases and other company information? Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. Who is Lyra Therapeutics transfer agent and how do I contact them? Questions Scientists Should Now Explore With Respect To Covid-19, Sustainable Development A Smart Solution for Africa and the Middle East, Eli Lilly To Lower Insulin Prices And Introduce A $35 Out-Of-Pocket Monthly Cap For Commercially Insured And Uninsured Diabetics, The Amazon-One Medical, CVS-Oak Street Mashup: A Cautionary Note On Retails Incursion Into Healthcare Delivery, Colonial, PMHS PTA Leaders Call on School Board to Do More to Fight Hate and Bias After Swastika Found at High School, Making Back to School Better Than Ever, Dutch Judges To Decide Whether Humiras Price And AbbVies Profits Are Too High, human resources software automation company Rippling, study published in the Journal of Medical Internet Research. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. 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