Cogstate (ASX:CGS) has signed a contract worth US$1.2 million for its computerised cognition tests to be used in a Phase II clinical trial of patients with Alzheimer’s disease.
This takes the total value of clinical trials sales contracts signed since 1 July 2015 to US$2.3 million.
It already has contracted revenue of A$13 million for FY2016 and A$7 million for FY2017.
Cogstate is reliant on the volume of clinical trials rather than their success as its key revenue drive.
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