Kotb has not appeared live on Today since February 17. Indeed, Lyra Health started Lyra Blended Care, which pairs video therapy with online lessons and exercises rooted in cognitive behavioral therapy. 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. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. 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. Just last week, the meditation app Calm raised $75 million at a $2 billion valuation. Intraday Data provided by FACTSET and subject to terms of use. 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. Health and wellness stocks got a boost after Oprah Winfrey announced in October 2015 that she had invested $42 million in Weight Watchers. Log in to see them here or sign up to get started. The stock price for Lyra Health will be known as it becomes public. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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 separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. 27, 2020 at 8:42 a.m. A study published in the Journal of Medical Internet Research, led by Lyras director of clinical product Anita Lungu, recorded a significant decrease in anxiety or depression symptoms after 5 sessions among 385 patients, although it did not include a control group. from 8 AM - 9 PM ET. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Because of Covid, economic uncertainty, and conversations around racial injustice, people are really struggling even more, and it's an important time to invest in a service that really will be there for their employees when they need it, says Ebersman, who previously served as chief financial officer of Genentech and Facebook. The Burlingame, California-based company expects to hit more than $100 million in revenue by the end of the year, and the latest funding round brings its valuation to $1.1 billion, according to a company representative. Which types of acquisition does this organization make most frequently. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. "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. Where can I find recent Lyra Therapeutics press releases? Already registered? Located in San Francisco-Oakland-Fremont, CA Metropolitan Area. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 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 About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. 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. 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. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 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. Lyra Therapeutics Market Cap 2020-2022 | LYRA. For more details on financing and valuation for Lyra Health, register or login. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. 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. Using technology to solve healthcare problems is a natural fit for Ebersman, who spent fifteen years in various executive roles at the biotechnology Genentech, including chief financial officer. "Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The company's proprietary technology platform, XTreo(TM), is designed to precisely and consistently deliver medicines directly to the affected tissue. For the best MarketWatch.com experience, please update to a modern browser. The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Greater use of primary care services has long been associated with better health, better care, and lower costs. 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. Does Lyra Therapeutics have a direct stock purchase plan? 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.". Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. Mr. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. 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. 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. 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. 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. One investor noted that the round has not closed yet. "Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. As employers grapple with the fallout of the coronavirus pandemic, theres a reckoning taking place in human resources departments around the country: the need for better mental healthcare for employees. We founded Lyra to redefine access to high-quality mental health care for millions of people. Our calculations also Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. WebLyra Health, Inc. provides healthcare services. Addressing a Global CrisisMental health is a global crisis. from 8 AM - 9 PM ET. Through this acquisition, Lyra will now offer a single source for comprehensive, localized mental health care to more than 10 million members around the world. "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. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. 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. 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. The Company transforms behavioral health care through technology with a human touch. 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. As reported by Forbes, Lyra Health was set to bring in around $100 million in revenue by the end of the year at the time of its prior fundraise. Where is Lyra Therapeutics corporate headquarters? Based in Henderson, N.V., Ontrak is an AI-powered health technology company. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Visit a quote page and your recently viewed tickers will be displayed here. Historical and current end-of-day data provided by FACTSET. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. WebPublic Sector Proposal Manager. Lyra Therapeutics, Inc. (LYRA) delivered earnings and revenue surprises of -26.47% and 92.42%, respectively, for the quarter ended June 2022. The all time high for this statistics is 8. WebLyra 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. 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. There are currently no items in this Watchlist. Estimated $76.2K - $96.5K a year. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. Sisco is currently co-president and chief financial officer at Workday. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. 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. We are reaching out to the company and investors for a response to the filing. One investor noted that the round has not closed yet. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 "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. Lyra Health is a provider of comprehensive mental health care benefits for employers. Privacy Notice | Fundamental company data and analyst estimates provided by FactSet. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? Lyra Therapeutics does not offer a direct stock purchase plan. "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.". WebLyra Therapeutics, Inc. Common Stock (LYRA) Add to Watchlist Add to Portfolio Quotes Summary Real-Time After-Hours Pre-Market Charts NEWS & ANALYSIS News Press 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. HSAs give Americans control over their healthcare dollarsand help them save and pay for the care they need. 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. We intentionally named our program Lyra Mental Wellness to help reduce the stigma around seeking mental health care, the company said in a statement. 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