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Kooth PLC - London-based digital mental health platform - Confirms the launch of its digital mental health platform and mobile app, Soluna, in California, US, on January 1. Explains that Soluna offers California’s six million 13 to 25-year-olds ‘free access to one-to-one professional support, self-guided tools, content, and activities, and peer support communities moderated by trained behavioural health professionals’. The contract has an expected value of $188 million through to June 2027, with possible revenue upside based on usage levels and product development. Chief Executive Tim Barker says: ‘In a state where between 2019 and 2021, approximately one third of adolescents experienced serious psychological distress and there was a 20% increase in adolescent suicides - there is a clear imperative to transform mental health support. The launch of Kooth’s service is a cornerstone of Governor Gavin Newsom’s Master Plan for Kids’ Mental Health and the Children and Youth Behavioral Health Initiative, and cements our momentum in the US.’ Current stock price: 298.60 pence 12-month change: up 90% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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