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Additional Information

Market:	ASX
Sector:	Pharma & Biotech
EPIC:	CGS
Latest Price:	0.26 (1.92% )
52-week High:	0.28
52-week Low:	0.15
Market Cap:	19.78M

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CogState

CogState (ASX: CGS) specialises in the development and commercialisation of rapid, computerised tests of cognition (brain function). The tests are sold to pharmaceutical, biotechnology, nutraceutical and functional food companies to quantify the effect of drugs or other interventions on human subjects participating in clinical trials.

Since sales into the clinical trials market began in 2004, CogState has secured agreements with organisations including Pfizer, AstraZeneca, GlaxoSmithKline, Merck, Johnson & Johnson, Novartis, Lundbeck, Dainippon Sumitomo, Otsuka, Servier, along with a number of other organisations.

CogState ups the ante, in tests for US sports related concussions

Thursday, June 10, 2010

CogState Ltd (ASX: CGS) announced today it has partnered with a Portland Oregon based investment group to form Axon Sports, LLC.

As part of the agreement, CogState will take a 50% stake in Axon Sports and will exclusively license its technology used to assess the cognitive condition of concussed athletes to Axon Sports, for use in the North American market.

In the US, there is a growing awareness of the dangers associated with concussions in sport, particularly due to high profile sports injuries to athletes playing American football in college and in the NFL. There are also dangers to a return to sport by athletes suffering concussion.

Brad O’Connor, chief executive officer of CogState said of the deal: “We are very excited by this joint venture and the opportunities it will provide to health specialists and athletes in dealing with sports-related concussion injuries in North America.”

Axon Sports will launch a re-branded technology, based on CogState Sport, in August 2010 and will focus on the delivery of products to both protect and train athlete’s brains.

To date, CogState Sport has been used for almost 10 years by a small number of well regarded institutions and sporting organisations around the world. Customers of CogState Sport include: Notre Dame University, University of Michigan, English Rugby League, English Jockey Club, and a number of Australian Football League, Australian Rugby League and Australian Rugby Union clubs.

Axon Sports will initially provide baseline and after-injury tests to young athletes across North America in ways that are easily accessible, convenient, affordable and understandable for all individuals.

Further details on the joint venture partners and the revamped cognitive testing product, including branding and marketing details, will be released in August 2010.

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