During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. Source: Kantar Media. It is focused on the development and commercialization of novel integrated drug and delivery solutions for patients with ear, nose and throat diseases. 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"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. How can I get a copy of your Annual Report or any other investor materials such as an Investor Relations kit or 10-K? Does Lyra Therapeutics have a direct stock purchase plan? Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. BURLINGAME, Calif. , Jan. 19, 2022. We want to be able to offer targeted and effective approaches to everyone, says Ebersman. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. 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. The company reported a drop in revenues of 7.7% in the fourth quarter 2022. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Their LYRA share price forecasts range from $15.00 to $20.00. Here is how Lyra Therapeutics, Inc. (LYRA) and Neurocrine Biosciences (NBIX) have performed compared to their sector so far this year. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. Lyra Therapeutics was founded in November 2005. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. 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 Health has raised a total of $910.1M in funding over 8 rounds. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. Samsara BioCapital, LLC's Top 5 Buys of the 2nd Quarter. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to cross the $1 billion dollar valuation mark, along with AI-powered sales startup Gong and human resources software automation company Rippling. Lyra Health is a private company and not publicly traded. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. You can also learn more about how to sell your private shares before getting started. Intraday data delayed at least 15 minutes or per exchange requirements. Lyra Health 4.2. While the regular Lyra health benefit offers services for the whole family, the next step will be using this latest funding round to expand the Blended Care model to include services both for adolescents and couples. "The reality is that we have a disaggregated, fragmented system with a lack of organization around common, transparent, high-quality information.". 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. The clinical stage therapeutics company, which specializes in ear, nos Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of 4.76% and 12.44%, respectively, for the quarter ended September 2022. How do I report a change of mailing address? 2023 Forbes Media LLC. Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. But on the flip side, both employees and employers are asking for help. Which funding types raised the most money? We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. 12 Health Care Stocks Moving In Monday's After-Market Session, Lyra Therapeutics's Return On Capital Employed Insights. When typing in this field, a list of search results will appear and be automatically updated as you type. Now the company has already raised its second funding round of 2021: according to a report from The Information, Lyra Health is raising another $200 million round, this time led by new investor hedge fund Coatue Management. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. No significant news for in the past two years. Tech-enabled mental health care has found tailwinds as the coronavirus pandemic leads to a surge of telehealth, as in-person doctors appointments could leave patients at risk. All quotes are in local exchange time. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. 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 Copyright 2019 FactSet Research Systems Inc. All rights reserved. The flywheel continues. The firms proprietary XTreo deliver medicines. LOS ANGELES An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a Henderson, Nevada-based 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. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. How can I sign up to receive Lyra Therapeutics press releases and other company information? Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. You may opt-out by. The home health crisis impacts not only a vulnerable workforce, but the patients and families who find themselves navigating complicated logistical and emotionally fraught issues as they attempt to find long-term care for their loved ones. Lyra Therapeutics Inc. is based in Watertown, Mass. I'm a senior writer covering healthcare technology. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. The acquisition builds on the successful existing partnership between the two companies. 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, We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Which investors participated in the most funding rounds? Lyell Immunopharma (LYEL) Reports Q4 Loss, Tops Revenue Estimates, Theravance Biopharma (TBPH) Reports Q4 Loss, Lags Revenue Estimates, PTC Therapeutics (PTCT) Reports Q4 Loss, Misses Revenue Estimates, Sage Therapeutics, Inc. (SAGE) Reports Q4 Loss, Tops Revenue Estimates, Analysts Offer Insights on Healthcare Companies: Cigna (CI), Idexx Laboratories (IDXX) and Lyra Therapeutics (LYRA), Stocks That Hit 52-Week Lows On Wednesday, Lyra Therapeutics, Inc. (LYRA) Reports Q3 Loss, Misses Revenue Estimates, Important Biotech Catalysts For September 13, 2022 - End Of The Day Summary, Lyra's Mid-Stage Chronic Rhinosinusitis Candidate Study Progressed, Shares Fall, Important Biotech Catalysts For September 8, 2022 - End Of The Day Summary, Lyra Therapeutics's Return On Capital Employed Overview, Lyra Therapeutics, Inc. (LYRA) Reports Q2 Loss, Lags Revenue Estimates. This suggests a possible upside of 620.2% from the stock's current price. Who is Lyra Therapeutics transfer agent and how do I contact them? This acquisition accelerates Lyra's investment in making culturally responsive mental health care services, such as mental health assessments, coaching, therapy, and guided self-care available on a global scale. EPS $5.70-$6.50; FactSet consensus $6.72, Best Buy Q4 same-store sales down 9.3%, missing FactSet consensus for a decline of 5.5%, Best Buy Q4 revenue down 10% to $14.74 bln, tops the FactSet consensus $14.72 bln, Best Buy Q4 adj. Shares can be purchased through a stockbroker of your choice. All Rights Reserved. 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. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. 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. This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to Log in to see them here or sign up to get started. "As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. Its time to get rid of the biggest con job in healthcare. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Each stockholder in question must sign the request for an address change. 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