New digital health contract worth over £700,000

RNS Number : 2496J

Cambridge Cognition Holdings PLC

21 December 2020

 

Cambridge Cognition Holdings Plc

(" Cambridge Cognition"   or the "Company")

Cambridge Cognition wins new digital health contract worth over £700,000

Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce that it has won a new contract with a major pharmaceutical client to provide digital assessments of mood and cognition for a depression trial. The contract is worth over £700,000 with most of the revenue expected to be recognised in 2021.

Impairments in cognition can persist after recovery from a period of depression and this can contribute to difficulties in reaching a full recovery. So, in efforts to thoroughly assess treatment efficacy, Cambridge Cognition has been contracted to deploy remote assessments of mood and cognition over a 12-month period. The assessments will be delivered on patients' mobile phones with their performance and wellbeing monitored by the pharmaceutical client. 

The inclusion of remote and brief assessments during both the core and extension periods of the trial will provide the client with a better understanding of the relationships between mood, cognition and recovery. Cambridge Cognition is in a unique position to support the delivery of this trial with expertise in both gold-standard cognitive assessment and innovative digital health solutions for frequent, remote testing.

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

" We are excited to be working with another pharmaceutical company that recognises the importance of frequent objective cognitive assessments in the development of treatments for central nervous system disorders. This new contract further validates the Company's strategy as again we will be configuring existing digital health solutions rather than undertaking bespoke software development. It also further highlights the opportunity available to Cambridge Cognition to provide remote, patient-centred solutions in the CNS market."

For further information, contact:

Cambridge Cognition Holdings PLC Matthew Stork, Chief Executive Officer Nick Walters, Chief Financial Officer	Tel: [phone] [e-mail]
finnCap Ltd (NOMAD and Joint Broker) Geoff Nash / Simon Hicks Alice Lane / Sunila de Silva	Tel: [phone] (Corporate Finance) (Corporate Broking)
Dowgate Capital Limited (Joint Broker) David Poutney / James Serjeant	Tel: [phone]
IFC Advisory Ltd (Financial PR and IR) Tim Metcalfe / Graham Herring / Zach Cohen	Tel: [phone]

Notes to Editors

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 improve global efficiency in pharmaceutical and healthcare industries.

For further information visit www.cambridgecognition.com

 

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