(Reuters) -The U.S. Federal Trade Commission (FTC) has begun an investigation into SoftBank-backed mental-health startup Cerebral Inc, the Wall Street Journal reported on Tuesday, citing a letter the antitrust body sent to the company. In the letter dated June 1, the FTC said it was investigating whether the company engaged in deceptive or unfair practices related to advertising or marketing of mental-health services, according to the WSJ report https://www.wsj.com/articles/ftc-launches-probe-of-cerebrals-business-practices-11655241983?mod=latest_headlines. Cerebral declined to confirm the FTC probe but said it is cooperating with the antitrust body. Cerebral provides mental health services, including consultation and prescription of medicines, through its telehealth platform. The WSJ last month reported that Cerebral had been issued a subpoena by federal prosecutors as part of an investigation into possible violations of the Controlled Substances Act.

Source: Wall Street Journal June 14, 2022 21:52 UTC