4th Nov 2013 08:51
LONDON (Alliance News) - Ultrasis PLC, the congnitive behavioural therapy provider, Monday said it had won a second US contract for its "Beating the Blues" depression and anxiety treatment in three days.
The latest deal is to provide the California Institute for Mental Health with the treatment. The institute has won funding to conduct a four-site evaluation of using computerized congnitive behavioural therapy for mental health issues in California.
"Success in these demonstration projects will lead to wider adoption within California," Chief Executive John Smith said in a statement.
Last Thursday, the company said it had won a contract with the Mental Health Association of Southeastern Pennsylvania to provide its "Beating the Blues" anxiety and depression treatment.
No financial details were provided in either case. The contract have been won through its US joint venture U2 Interactive.
Ultrasis shares were up 16.4% at 1.21 pence early Monday, one of the biggest gains on AIM.
By Steve McGrath; [email protected]; @SteveMcGrath1
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