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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cambridge Cognition Holdings PLC | AQSE:COG.GB | Aquis Stock Exchange | Ordinary Share | GB00B8DV9647 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 54.50 | 51.00 | 58.00 | 54.50 | 54.50 | 54.50 | 0.00 | 06:55:37 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCOG
RNS Number : 0059V
Cambridge Cognition Holdings PLC
25 January 2017
25 January 2017
Cambridge Cognition Holdings Plc
('Cambridge Cognition' or the 'Company')
Cambridge Cognition awarded US regulatory clearance for CANTAB Mobile
The neuroscience digital health company Cambridge Cognition Holdings PLC (Cambridge, UK - LSE: COG) has announced it has received 510(k) clearance from the U.S. Food and Drug Administration ('FDA') to market its CANTAB Mobile product as a medical device in the U.S.
CANTAB Mobile is designed to detect clinically-relevant memory impairment in older adults at the point of care. It includes a computerised test of visuospatial associative learning (CANTAB PAL) to assess episodic memory with optional mood and functional assessments, which can help to detect symptoms of depression and problems with performing regular activities of daily living.
The touchscreen test, which takes under 10 minutes to complete, can be self-administered using voiceover instructions in over 20 languages with automatic scoring, accounting for age, gender and education level. All results can be accessed in a simple to interpret, one-page physician's report using a traffic-light output for memory and mood outputs.
Since being classified as a European Medical Device in 2013, CANTAB Mobile has been used routinely to assess over 26,000 patients in the UK who had concerns about their memory or were considered by their physician to be at increased risk of dementia. The test is based on 30 years of research into Alzheimer's disease and over 500 peer-reviewed papers including independent studies demonstrating how the CANTAB Mobile memory assessment is sensitive to detecting the earliest signs of prodromal Alzheimer's disease years before a clinical diagnosis(1) .
The 510(k) clearance for CANTAB Mobile allows Cambridge Cognition to market the medical device for commercial distribution in the U.S. where significant interest in the product has developed among primary and secondary care organisations and corporate health providers.
Dr Steven Powell, Chief Executive Officer, Cambridge Cognition, commented: "There is a great unmet need for effective near patient assessment tools to assess memory impairment. CANTAB Mobile is an established and proven digital health product and we are delighted to announce the 510(k) clearance. Access to the large US healthcare market combined with the recent investment in our U.S. operation will help underpin the Company's revenues and its continued growth."
(1)
Swainson, R., Hodges, J.R., Galton C.J., Semple, J. Michael A., Dunn B.D., ...Sahakian B.J. (2001). Early detection and differential diagnosis of Alzheimer's disease and depression with neuropsychological tasks. Dementia & Geriatric Cognitive Disorders, 12, 265-280.
Fowler, K.S., Saling, M.M., Conway, E.L., Semple, J.M. & Louis, W.J. (2002). Paired associate performance in the early detection of DAT. Journal of the International Neuropsychological Society, 8, 58-71.
Blackwell, A.D., Sahakian, B.J, Vesey, R., Semple, J.M., Robbins, T.W. & Hodges, J.R. (2004). Detecting dementia: novel neuropsychological markers of preclinical Alzheimer's disease. Dementia & Geriatric Cognitive Disorders, 17, 42-48.
Notes to editors
About Cambridge Cognition Holdings PLC
Cambridge Cognition is a neuroscience digital health company specialising in the precise measurement of clinical outcomes in neurological disorders. The Company develops and markets validated near patient assessment products using cognition as a biomarker to improve understanding, diagnosis and treatment in brain health worldwide.
Partners include the world's leading drug development companies, academic institutions and public-private health organisations.
www.cambridgecognition.com @CANTABconnect press@camcog.com
Enquiries
Cambridge Cognition Holdings PLC Steven Powell, Chief Executive Tel: 01223 810 Officer 700 Noah Konig, Director of Marketing press@camcog.com and Communications finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 Geoff Nash / Simon Hicks 0500 Alice Lane (Corporate Finance) (Corporate Broking) Hybridan LLP (Joint Broker) Tel: 020 3764 2341 Claire Noyce (Corporate Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
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January 25, 2017 02:00 ET (07:00 GMT)
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