Ontrak soars on positive data in mental health tracking program

Ontrak

18/01/2023 19:28

(Updates)
    ** Shares of behavioral services-proving healthcare co
Ontrak Inc  OTRK.O  more than double to $1.34 - stock set to see
best day since 2004
    ** Co says early assessment results show reduction in
depression and anxiety symptoms in members of its mental health
support program, Wholehealth+ 
    ** Adds that after six months 30% of assessed members
sustained a clinically significant reduction in anxiety
symptoms, while 55% sustained a drop in depressive symptoms    
    ** WholeHealth+ engages in helping health plan members with
underlying behavioral health conditions to drive behavior
change, improve health outcomes, and lower costs - OTRK
    ** Co in June 2022, included the widely accepted depression,
anxiety severity measures of PHQ-9 and GAD-7, respectively, to
assess its program and monitor treatment effectiveness 
    ** Stock has declined 65% in last 12 months
 (Reporting by Pratik Jain and Aditya Samal in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))