£1.0m Schizophrenia clinical trial contract

RNS Number : 0511V

Cambridge Cognition Holdings PLC

09 December 2021

 

Cambridge Cognition Holdings Plc

(" Cambridge Cognition"   or the "Company")

Cambridge Cognition wins £1.0m schizophrenia clinical trial contract

Cambridge Cognition Holdings Plc (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce that it has secured a contract for an additional schizophrenia clinical trial worth £1.0m.  The revenue from this contract is expected over the next three years.  Cambridge Cognition will provide proprietary cognitive assessments ( CANTAB ^TM ) and specialist, study management services.  This contract is a repeat purchase from an existing client that has contracted for several other clinical trials for schizophrenia.

Cognitive impairment is a core feature of schizophrenia, with deficits frequently observed in memory, attention and executive functions.  Cambridge Cognition has secured these contracts on the strength of the Company's reputation for quality service and its cognitive assessments (CANTAB ^TM ) capable of measuring the distinct cognitive processes compromised in schizophrenia.

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

" We are delighted to have formed an enduring partnership with this pharmaceutical company that recognises the potential for our sensitive cognitive assessments to be used in pivotal clinical trials.  This continues to be an exciting area for potential further growth for the Company in the future."

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 / Charlotte Sutcliffe	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 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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