£1.3 million contract for a schizophrenia trial

RNS Number : 8687T
Cambridge Cognition Holdings PLC
30 March 2021
 

 

Cambridge Cognition Holdings Plc

(" Cambridge Cognition"   or the "Company")

 

Cambridge Cognition wins £1.3 million cognitive assessment contract for a schizophrenia trial

 

Cambridge Cognition (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce that it has won a £1.3 million contract as the cognitive assessment partner for a schizophrenia trial. Revenue from the contract is expected to be booked over the next three years. This is the fourth schizophrenia trial Cambridge Cognition has secured with this pharmaceutical client in seven months. The first three were announced by the Company on 1 September 2020 in a £2 million contract.

 

Cognitive impairment is a core feature of schizophrenia, with deficits frequently observed in memory, attention and executive functions. Impressed by the high degree of sensitivity CANTABTM cognitive assessments demonstrate in measuring these distinct processes and the quality of service the Company delivers, Cambridge Cognition has been named as the cognitive assessment provider for the fourth trial in the series.  

 

Matthew Stork, Chief Executive Officer of Cambridge Cognition, said:

"Schizophrenia affects more than 20 million people worldwide and we are pleased to be strengthening our relationship with a company that recognises the importance of sensitive and accurate cognitive assessment in developing effective therapeutics for the disorder. This quick succession of unusually large contracts with the same pharmaceutical company is a testament to the excellent customer experience and high-quality products Cambridge Cognition delivers."  

 

For further information, contact:

 

Cambridge Cognition Holdings PLC

Matthew Stork, Chief Executive Officer

Michael Holton, Chief Financial Officer

Tel: 012 2381 0700

press@camcog.com

finnCap Ltd (NOMAD and Joint Broker)

Geoff Nash / Simon Hicks

Alice Lane / Charlotte Sutcliffe

Tel: 020 7220 0500

(Corporate Finance)

(Corporate Broking)

Dowgate Capital Limited (Joint Broker)

David Poutney / James Serjeant

Tel: 020 3903 7715

 

IFC Advisory Ltd (Financial PR and IR)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: 020 3934 6630

 

 

Notes to Editors

 

About Cambridge Cognition

 

Cambridge Cognition is a 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 improve global efficiency in pharmaceutical and healthcare industries.

 

For further information visit www.cambridgecognition.com

 

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