Cambridge Cognition Holdings (COG)

Sector:

Health Care

Index:

FTSE AIM All-Share

52.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 55.75p
  • 52 Week Low: 19.00p
  • Currency: UK Pounds
  • Shares Issued: 31.17m
  • Volume: 4,500
  • Market Cap: £16.36m
  • RiskGrade: 285

Cambridge Cognition gains client with improved electronic assessment platform

By Josh White

Date: Monday 25 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Brain health solutions developer Cambridge Cognition Holdings announced the launch of an improved electronic clinical outcomes assessment ('eCOA') platform on Monday, claiming it had already attracted a new client from one of the world's top 10 pharmaceutical companies.
The AIM-traded firm explained that clinicians and patients complete clinical outcome assessments (COAs), such as questionnaires and scales, during clinical trials in order to monitor the effects of treatment.

It said that, with the ubiquity of electronic devices, those necessary assessments were increasingly being delivered on smartphones, tablets and desktops - so much so that the eCOA market was estimated to reach $2bn (£1.55bn) by 2025.

Cambridge Cognition said that, after investing proceeds from the fundraise earlier in the year, it had expanded its eCOA offering to include complex forms, alerting, interview recording and playback.

Following the launch of the enhanced functionality, it announced a new clinical trial contract worth more than $0.23m.

The company said its eCOA solution could be "rapidly configured" for each new clinical trial, which meant that deployment of new clinical outcome instruments would take a matter of days, rather than weeks or months, once the licences were secured.

It said the new contract had tight study deadlines, with multiple outcome assessments for more than 100 patients across five time-points.

In using the company's automated assessment system, the administrative burden for sites was said to be reduced, while consistency in data collection and quality was still ensured.

Crucially, Cambridge Cognition said having a single platform to deliver both electronic questionnaires and scales, alongside its 'CANTAB' cognitive assessments, provided a "seamless user experience" for the patient.

"Increasingly, pharmaceutical and biotech companies are recognising the operational benefits of delivering questionnaires and scales electronically in their clinical trials," said chief executive officer Matthew Stork.

"Our new eCOA offering enables us to capitalise on this shift and to provide an extremely fast turn-around from contract agreement to study deployment.

"We are pleased to see that the investment in development made this year has already helped us to build a new relationship with another prestigious partner."

At 0801 GMT, shares in Cambridge Cognition were up 6.46% at 28.74p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

COG Market Data

Currency UK Pounds
Share Price 52.50p
Change Today -0.50p
% Change -0.94 %
52 Week High 55.75p
52 Week Low 19.00p
Volume 4,500
Shares Issued 31.17m
Market Cap £16.36m
RiskGrade 285

COG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.14% below the market average17.14% below the market average17.14% below the market average17.14% below the market average17.14% below the market average
67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average
Price Trend
50.24% above the market average50.24% above the market average50.24% above the market average50.24% above the market average50.24% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average55.84% below the market average
69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average

COG Dividends

No dividends found

Trades for 29-Sep-2020

Time Volume / Share Price
14:42 4,500 @ 52.00p
08:20 17,854 @ 50.73p

COG Key Personnel

CFO Nick Walters
Chair Steven John Powell
CEO Matthew Stork

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