The company sold 3.5 millio Lyra Therapeutics Inc. set terms for its planned initial public offering on Monday, saying it will offer 3.5 million shares priced at $14 to $16 each. 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. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Lyra Health is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. LYRA | Lyra Therapeutics Inc. Stock Price & That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Fallout As FIFA Appoints Supermodel Adriana Lima As Fan Ambassador Of Womens World Cup, FC Barcelona Officially Announce Signing Of Ronaldinhos Son Joao Mendes, Enhance Mental Health With A Culture Of Gratitude, Kohls Reports Unfavorable Year-End 2022 Results, It's Time To Get Rid Of The Biggest Con Job In Healthcare, Hoda Kotb Absent From Today Show Because Of Family Health Matter, Its Time To Embrace Mental Health Discussions In The Workplace. Nearly 1 billion people worldwide suffer from a mental health disorder. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Data may be intentionally delayed pursuant to supplier requirements. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Log in to see them here or sign up to get started. Access to Global Mental Health CareLyra and ICAS have a proven partnership supporting large global organizations. While a randomized controlled trial would be needed to truly determine clinical effectiveness, the study suggests that Lyras teletherapy model could potentially achieve faster results than the typical 12 to 16 weeks of standard treatment. One such customer is Genentech, which began partnering with Lyra in October 2018. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Lyra Therapeutics was founded in November 2005. 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. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. There are currently no items in this Watchlist. WebMental health benefits provider Lyra Health grabbed $235 million in a series F round that boosted its valuation to $5.85 billion. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Greater use of primary care services has long been associated with better health, better care, and lower costs. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Subscriber Agreement & Terms of Use | In her distinguished career, Sisco has held senior finance roles at VMware, VeriSign, and Oracle and she brings to Lyra more than 30 years of experience in corporate finance, accounting operations, investor relations, legal, and procurement. 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. Telehealth platform Lyra is taking on bigger mental health challenges. How do I report a change of mailing address? 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.". It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. ICAS has a long-standing reputation for the provision of culturally responsive, localized care built on a foundation of clinical quality. "Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the world's greatest companies.". Beauty, and Avid Tech See Activist Action, Lyra Therapeutics shares soar 32% in trading debut, Lyra Therapeutics raises $56 million in IPO, priced at high end of range, Lyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each. WebPublic Sector Proposal Manager. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Do the numbers hold clues to what lies ahead for the stock? For more information and address change forms, contact American Stock Transfer by telephone at, Quarterly & Annual Reports and other investor materials, when available, can be found in, You can view our recent press releases by visiting the, For media inquiries please send an email to, You can view information on our development programs by visiting the, For investor related questions please send an email to, To request additional information, please visit our. Cookie Notice (). 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. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Source: FactSet. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Lyra Health is a private company and not publicly traded. 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. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. Intraday data delayed at least 15 minutes or per exchange requirements. WhatsApp acquired by Facebook). Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. The paperwork was uncovered by Prime Unicorn Index. Mental health startups typically focus on treating anxiety and depression. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. One of the biggest challenges in the $280 billion behavioral health market is access, given that only a fraction of the people that actually need care, get it, says Thomas Bremner, partner at Adams Street Partners. In the latest development, it emerged that Lyra Health, a platform that focuses on providing workforces with mental health care, has filed paperwork to raise a $175 million Series E at a $2.25 billion valuation. Lyra Health has raised a total of $910.1M in funding over 8 rounds. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Please check your download folder. Have Watchlists? Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy One of the keys to the companys success is using clinical measurement tools to establish improvement over time. from 8 AM - 9 PM ET. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Lyra Health serves patients worldwide. WebLyra Therapeutics market cap history and chart from 2020 to 2022. How do I contact Investor Relations with a question or request? Lyra has raised around $275 million to date. Who are the members of Lyra Therapeutics Executive Team? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. Something went wrong while loading Watchlist. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. International stock quotes are delayed as per exchange requirements. Source: Kantar Media. But on the flip side, both employees and employers are asking for help. Historical and current end-of-day data provided by FACTSET. One investor noted that the round has not closed yet. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. ICAS provides counselling services 24/7, 365 days a year through a direct network of 49 local offices and a total presence in 155 countries delivering services using more than 40,000 mental health providers. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. As with Discord which confirmed a $100 million round just six months after raising $100 million Lyra Health also recently raised funding specifically a $110 million Series D that catapulted it above a $1 billion valuation. Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Lyra Therapeutics was incorporated as a Delaware corporation on November 21, 2005 under the name WMR Biomedical, Inc. On July 16, 2018, the name was formally changed to Lyra Therapeutics, Inc. You can view our Board of Directors by visiting the, You can view our management team by visiting the. By registering, you agree to Forges Terms of Use. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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