Cambridge Cognition awarded contracts totalling £1.4m for digital health and wearable device provision for clinical trials

Cambridge Cognition Holdings Plc (LON:COG), which develops and markets digital solutions to assess brain health, has announced that it has won a series of contracts from a global pharmaceutical company to provide specialist clinical trial management services.  Under the contracts, the Company will evaluate a range of digital health and wearable devices and supply the devices with associated software and services for four clinical trials, which will assess a drug compound for Central Nervous System disorders.  Cambridge Cognition secured the contracts on the strength of its CNS, digital health, clinical trial and regulatory expertise.

The Company has won four contracts for this work, one in late 2020 and three more at this time.  The contracts, expected to generate total revenues of c. £1.4m over two years, are for the supply of software and services as well as the procurement and provision of third-party hardware, which makes up a considerable portion of the total contract value.  As a result of the significant hardware component, the overall margin on the four contracts is lower than the Company would normally generate from a software and services led contract.

Pharmaceutical companies are increasingly using digital solutions in virtual or part-virtual clinical trials. Cambridge Cognition meets this evolving demand by providing a full service offering, from gold-standard assessments and specialist consultancy, through to secure data repositories and 24/7 trial support.  In delivering these contracts, Cambridge Cognition will leverage its depth of experience in selecting and supplying devices for CNS clinical trials, meeting regulatory and good clinical practice guidance and providing novel endpoints for pharmaceutical clients. 

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

“Cambridge Cognition has earned a reputation for delivering cutting-edge digital health solutions with an infrastructure that meets regulatory demands and satisfies clients’ needs for clinical trials.  We were approached for this work, the first of its kind for the Company, on the strength of this reputation.  The result is a new service offering as well as an enhanced relationship with a leading pharmaceutical client.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Cambridge Cognition Holdings

More articles like this

Cambridge Cognition Holdings

Cambridge Cognition forms new Scientific Advisory Board

Cambridge Cognition Holdings plc (LON:COG), which develops and markets digital solutions to assess brain health, is pleased to announce the formation of a Scientific Advisory Board. This expert board will provide scientific guidance and valuable market insights, primarily focusing

Cambridge Cognition Holdings

Cambridge Cognition Holdings Changes its Auditor to Crowe UK LL

Cambridge Cognition Holdings plc (LON:COG), which develops and markets digital solutions to assess brain health, has announced that the Board has approved the appointment of Crowe UK LLP as the Group’s new external auditor following a competitive

Cambridge Cognition Holdings

Cambridge Cognition strengthens balance sheet with £3 million loan

Cambridge Cognition Holdings plc (LON:COG), which develops and markets digital solutions to assess brain health, has announced that the Company has obtained a £3.0 million loan from Claret European Specialty Lending Company III, S.à r.l.  Claret specialises in

Cambridge Cognition Holdings

Cambridge Cognition Holdings Revision to Explanatory Note

Cambridge Cognition (LON:COG), which develops and markets digital solutions to assess brain health, has announced that the explanatory note to Resolution 7 in the Notice of the Annual General Meeting (“AGM”) to be held on 28 June 2023

Cambridge Cognition Holdings

Cambridge Cognition publishes Annual Report and Accounts

Cambridge Cognition Holdings plc (LON:COG), which develops and markets digital solutions to assess brain health, has confirmed that the Annual Report and Accounts for the year ended 31 December 2022 and the Notice of the Annual General

Cambridge Cognition Holdings

Cambridge Cognition growth strategy clearly paying off (VIDEO)

Cambridge Cognition Holdings plc (LON:COG) CEO Matthew Stork joins DirectorsTalk Interviews to discuss prelim results for the year ended 31 December 2022. In this interview Matthew talks us through the result highlights, explains how the the acquisitions