CGS 0.43% $1.16 cogstate ltd

cogstate to move...... nice announcement....should start to move...

  1. hi
    279 Posts.
    cogstate to move...... nice announcement....should start to move (imho)...


    CogState signs deal with US Centers
    for Disease Control (CDC) for HIV Dementia Trial
    Melbourne, August 13, 2004 - CogState Ltd (ASX:CGS) has signed a deal with the US
    Government agency - The Centers for Disease Control and Prevention (CDC) in Atlanta,
    Georgia to use the CogState computer-based cognitive test in a large prospective trial in
    patients with HIV to spot early signs of HIV-related dementia. The CDC - the world’s largest
    federal agency for disease prevention and control As nearly 40% of HIV patients show a decline
    in brain function characterized by loss of initiative and motivation to cope with the demands of
    everyday life, early identification of these individuals could result in improved quality-of-life.
    CogState Ltd. CEO, Dr. Peter Bick commented "It is hard to overstate the importance of this win
    for the company because US government agencies are obligated to first review US products. In
    searching for a the best tool to accurately measure changes in brain function (cognition) over
    time, and which had no cultural or language bias, the CDC chose CogState, demonstrating to
    the world that our technology is superior to anything available in the US. The $21,000 value of
    the deal is useful, but the true value is in the credibility it bestows for us in the largest market in
    the world, the US".
    “The sentiment of the CDC was recently echoed by Schutt Sports, the #1 gridiron football
    manufacturer in the US, who choose CogState as a partner to make Concussion Sentinel™
    available to every high school and college in the US. We are a small but these deals point-out
    to the discerning that we are on the right track to build a robust sales pipeline” added Dr. Bick.
    About CogState
    CogState Ltd. was established in 1999 with headquarters in Melbourne, Australia. In February
    2004 the company listed on the Australian Stock Exchange (ASX) as “CGS.” The company
    specializes in neuroscience, particularly in the development and commercialization of computerbased
    tests for neurodegenerative disorders such as Alzheimer’s and Parkinson’s disease and
    concussion-related injury. A division of the company, CogSport, marketed in the U.S. as
    Concussion Sentinel, is a novel concussion management tool developed to aid physicians in
    making confident return-to-play decisions after an athlete has suffered a concussion.
    Concussion Sentinel is applicable for use by sporting organizations, medical professionals, and
    parents/athletes and provides rapid measurement of cognitive function. Other divisions of the
    company focus on providing computer-based measurement tools to pharmaceutical companies
    for use during clinical trials.
    For more information please visit: www.cogstate.com
 
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