GATC Health has developed a groundbreaking AI-based approach to mitigate and treat post-traumatic stress disorder (PTSD) through its Multiomics Advanced Technology (MAT) platform. The company's innovative method analyzes multiomic data, providing a holistic view of biological systems, to identify biomarkers for predicting PTSD risk and accelerate the generation of potential drug candidates. This approach has led to significant advancements in developing novel treatments for PTSD, with the potential to rapidly deliver transformative treatment options for veterans and civilians suffering from the condition. GATC Health's MAT platform is being used to develop safer and more effective treatments for PTSD, which affects millions globally, particularly among military veterans. The company has received a $5 million investment from the state of West Virginia to expand its AI-driven R&D hub in the state and accelerate its research on PTSD and opioid use disorder.
https://www.prnewswire.com/news-releases/transforming-ptsd-treatment-gatc-healths-ai-powered-multiomics-platform-unlocking-breakthroughs-in-drug-discovery-302347579.htmlNema Health, a virtual trauma and PTSD care solution, has secured $14.5 million in Series A funding led by Deerfield Management and CVS Health Ventures. The company's existing investors, including Optum Ventures, .406 Ventures, and GreyMatter, also participated in the round. Nema's therapy model is based on Cognitive Processing Therapy (CPT) and is peer-led, with other trauma survivors working alongside patients throughout their recovery. The program has shown promising results, with 91% of patients experiencing clinical improvement after completing 4-6 weeks of treatment and 82% no longer meeting the criteria for a PTSD diagnosis. Nema's goal is to make its virtual treatment model accessible to the over 13 million Americans struggling with PTSD, and it plans to expand to more states this year. The funding will be used to continue expanding the company's treatment across markets, broaden insurance coverage, and deepen its care offerings.
https://www.prnewswire.com/news-releases/nema-health-raises-14-5-million-series-a-to-expand-virtual-ptsd-treatment-model-and-promote-long-term-healing-302346159.htmlSentry Insurance is donating an additional $1 million to the Maui United Way to support youth mental health services on the island of Maui, Hawaii. This contribution builds on the Sentry Mālama Nā Keiki initiative, which provides mental health counseling to children in schools, parks and community centers where they feel most comfortable. The initiative was announced ahead of the Sentry PGA TOUR tournament at Kapalua from January 2-5, 2025.
https://www.prnewswire.com/news-releases/sentry-donates-additional-1-million-to-maui-united-way-for-youth-mental-health-support-302340698.htmlThe University of Michigan is launching a new program to provide mental health and substance use services to its students. The program will cover costs not covered by Medicaid, Blue Cross Blue Shield, or Aetna PPO plans, including co-pays, deductibles, and out-of-pocket expenses. The services will be available year-round, including during winter and summer breaks, unlike the previous program which was only available during the academic year.
https://www.dailyherald.com/20241230/news/profound-impact-opiod-settlement-funds-to-enable-counseling-at-buffalo-grove-high-school/Turgeon, a Kelowna woman, is organizing the annual "Parade With A Purpose" to raise money for a youth treatment and recovery centre in Kelowna. The event has raised over $200,000 so far this year, with a goal of $250,000 that will be matched by an anonymous donor. The funds will support the Bridge Youth and Family Services organization's project to build a much-needed facility addressing the community's growing concerns about substance use and overdoses, as highlighted by Kelly Paley, director of community engagement for Bridge Youth and Family Services.
https://globalnews.ca/news/10911663/weekend-parade-to-help-bring-youth-treatment-centre-to-kelowna/