Cambridge Cognition Holdings PLC Contract win in growing eCOA revenue stream (2437H)
14 November 2018 - 6:00PM
UK Regulatory
TIDMCOG
RNS Number : 2437H
Cambridge Cognition Holdings PLC
14 November 2018
Cambridge Cognition Holdings Plc
('Cambridge Cognition' or the 'Company')
Contract win in growing eCOA revenue stream
Cambridge Cognition Holdings plc (AIM: COG), which develops and
markets neuroscience technology to assess brain health, today
announced it has won a significant new clinical trial contract,
which is the largest in a series of recently signed electronic
clinical outcomes assessment (eCOA) trials.
The contract is worth over US$750,000 with a new client for the
Company, a specialty pharmaceutical developer, over a one-year
period. It is the largest of a number of eCOA contracts won since
Cambridge Cognition decided to increase the value of its software
service by expanding the capabilities of its CANTAB Connect
platform. The technology now enables the assessment of multiple
outcomes, in addition to cognitive measures, on a single
platform.
This latest contract is for a phase IV trial which will use the
Company's robust eCOA technology to evaluate treatment safety and
tolerability with objective computerised cognitive assessments and
additional clinician-reported outcome measures delivered to
patients on touchscreen devices.
Performing multiple outcome assessments on the validated CANTAB
Connect platform integrates data collection, reduces administrative
burden and saves costs for study sites while improving data quality
throughout the trial.
Dr Steven Powell, Chief Executive Officer, Cambridge Cognition
said: "We are pleased to welcome another pharmaceutical partner to
the growing number who trust our neuroscience technologies with the
collection and analysis of valuable patient data. In 2018 we took
the strategic decision, based on customer input, to enable clients
to mitigate risks and reduce operational costs by measuring more
outcomes on our proven CANTAB Connect platform. This series of
recent contract wins further validates the Company's strategy and
demonstrates our ability to translate customer requirements into
revenue rapidly."
Enquiries
Cambridge Cognition Holdings PLC
Steven Powell, Chief Executive Officer Tel: 01223 810 700
Noah Konig, Director of Marketing press@camcog.com
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)
Dowgate Capital Stockbrokers Limited (Joint Tel: 020 3903 7715
Broker)
David Poutney / James Serjeant
IFC Advisory Ltd (Financial PR and IR) Tel: 020 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
About Cambridge Cognition
Cambridge Cognition is a neuroscience technology company
developing digital health products to better understand, detect and
treat conditions affecting brain health. The company's software
products assess cognitive health in patients worldwide to improve
clinical trial outcomes, identify and stratify patients early, and
reduce global R&D and healthcare costs.
For further information visit www.cambridgecognition.com
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END
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