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22nd Century is a plant biotechnology company focused on technology which allows it to increase or decrease the level of nicotine in tobacco plants and the level of cannabinoids in cannabis plants through genetic engineering and plant breeding.The Company’s primary mission is to reduce the harm caused by smoking.
Tagged Acuitas, Acuitas Group Holdings, Aetna, Amazon, analytics, anxiety, behavioral health, care coaches, catasys, centene, covered lives, crede, crede capital, credecg, depression, eligible members, enrollment, Florida, Georgia, HAMP, health insurance, Health plan, healthcare, healthcare industry, humana, Illinois, insurance, international, Kansas, Kentucky, Louisiana, Massachusetts, medicaid, medical costs, medical doctors, medicare, military, Missouri, New Jersey, North Carolina, Oklahoma, On Trak, peizer, peizer capital, Pennsylvania, physiological, psychiatrists, psychologists, South Carolina, substance use disorder, Tennessee, terren, terren peizer, terren s peizer, Texas, Tricare, Uber, veterans, Virginia, West Virginia, Wisconsin Terren Peizer, Founder, Chairman, and CEO of Catasys, Inc (NASDAQ/CATS). When Making Money host Charles Payne asked Peizer about the economy, he redirected the conversation to the mental health crises in the country.
Catasys, the leading provider of proprietary predictive analytics and integrated treatment solutions to the largest health plans in the country for the treatment of alcoholism, substance use disorder, depression and anxiety, was the first to identify the issues, quantify the issues, and provide innovative solutions to transform the mental health system.
Catasys is rolling out the On Trak program with the 7 largest health plans across the country which will make it the de facto industry standard in the coming years. Catasys is focused on the 90%, the treatment avoidant population.
Peizer further stated that only 10% of those that need treatment, seek treatment . Alarmingly, $200 billion is spent ineffectively on treatment for these diseases.
The SDNY Court has also scheduled a pre-trial conference with Crede and the Company to be held on February 21, 2017 to schedule the next steps forward in the claims relating to the Tranche 1-A warrant.
“We believe that Crede’s lawsuit is frivolous and completely without merit,” explained Henry Sicignano III, President and Chief Executive Officer of 22nd Century.On January 20, 2017, the SDNY Court granted such motions by the Company to sever the Crede lawsuit into two separate cases.The SDNY Court has now transferred the above-described portion of the case to the WDNY Court.On Trak is currently improving member health and, at the same time, is demonstrating reduced inpatient and emergency room utilization, driving a more than 50 percent reduction in total health insurers’ costs for enrolled members.On Trak is currently available to members of several leading health plans in Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, North Carolina, New Jersey, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin. Forward-Looking Statements Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.In the first round of the Crede lawsuit, the Company prevailed when the United States District Court for the Southern District of New York (the “SDNY Court”) denied Crede’s request for a preliminary injunction to require the Company to issue shares of its common stock to Crede under the now void exchange feature of the Tranche 1-A warrant previously issued to Crede.Tags: Adult Dating, affair dating, sex dating