Cognetivity Neurosciences provides update on 2021 corporate achievements


Ryan Allway

January 11th, 2022

Psychedelics


Company poised for rapid expansion in 2022 after highly successful 2021, in which it secured commercial deployments across three continents, US FDA registration and multiple awards for innovation in AI

 

VANCOUVER, BCJan. 11, 2022 /CNW/ – Cognetivity Neurosciences Ltd. (the “Company” or “Cognetivity”) (CSE: CGN) (OTCQB: CGNSF) (FWB: 1UB) has provided an update on the significant progress it made during 2021, setting the company up for rapid growth in 2022 and beyond.

 

2021 saw Cognetivity reach important commercial agreements in three continents and across a variety of use cases. The company extended its track record of successful implementation in the UK’s National Health Service (NHS), achieving deployments in two of the country’s largest and most prestigious mental health trusts, South London and Maudsley (SLaM) NHS Foundation Trust and Birmingham and Solihull Mental Health NHS Foundation Trust (BSMHFT). The innovative Birmingham deployment covered both primary and secondary care and was facilitated by Cognetivity’s ongoing partnership with the world-leading data and interoperability platform provider InterSystems.

 

Outside the UK, Cognetivity launched in the Middle East and confirmed its first deployment in the region within weeks, at the state-of-the-art Clemenceau Medical Center in Dubai, UAE. Cognetivity also took its crucial first steps into the North American healthcare market, striking a deal with the next-generation health and wellness company Ketamine One that saw the Integrated Cognitive Assessment (ICA) rolled out in clinics throughout the US and Canada.

 

The Ketamine One agreement, alongside deals with the Dutch telehealth company Luscii and the UK-based residential care provider Loveday, demonstrated that the ICA has very broad applicability extending beyond its core use of enhancing dementia detection and diagnosis.

 

Beyond these commercial deals, Cognetivity also received formal recognition of its ground-breaking work throughout 2021 in the form of numerous awards and program invitations. In February, it was awarded a place on the ‘Scaleup Programme’ run by Innovate UK, the UK Government’s innovation agency, having been judged as capable of achieving at least 50% annual growth. In September, it was selected to join the prestigious Health Batch 13 program run by the Silicon Valley-based open innovation platform Plug and Play, which has previously backed household names such as Dropbox and PayPal. Finally, to round off the year, the company won two prizes in the UK celebrating its innovation in artificial intelligence, at the 2021 Health Tech Awards and Cloud Excellence Awards.

 

In conjunction with these high-profile achievements, Cognetivity spent the year strengthening the underlying foundations necessary for the company to achieve further global success in 2022 and beyond. On the regulatory front, it completed the registration of its technology with the US Food and Drug Administration (FDA), allowing the ICA to be marketed as a medical device for commercial distribution throughout the US, which has the largest national healthcare market in the world.

 

The company also filed a key new patent covering the use of an AI-based system to estimate levels of core biomarkers of neurodegeneration in the brain. The patent will enable the ICA platform to be licensed for much-needed biomarker assessment in the pharmaceutical and healthcare industries, particularly as Aduhelm (aducanumab) and other disease-modifying Alzheimer’s drugs revolutionise the field of dementia treatment over the next few years.

 

Moreover, the company continued to build on the scientific evidence validating the use of the ICA in diverse clinical settings. In July, it published a research paper in the peer-reviewed journal Frontiers in Psychiatry, which provided further evidence of the ICA’s sensitivity to early-stage Alzheimer’s Disease, freedom from cultural or educational bias and suitability for remote patient monitoring. The company also presented significant new results at two of the largest Alzheimer’s conferences in the world, the Alzheimer’s Association International Conference (AAIC) in July and the Clinical Trials on Alzheimer’s Disease (CTAD) Conference in November.

 

Cognetivity remains committed to the importance of robust evidence in driving changes in healthcare. At the start of last year, it announced the expansion of its UK government-funded study to include research on the use of the ICA to conduct Covid-safe remote cognitive assessments. In December, meanwhile, it entered into a collaborative partnership with Ketamine One, alongside the ongoing commercial agreement between the two companies, to study and develop assessments for depression and post-traumatic stress disorder (PTSD).

 

Finally, Cognetivity used 2021 to bolster its advisory board with a series of impressive appointments. Four individuals with a wealth of experience spanning academia, healthcare policy, NHS management and industry joined the Cognetivity team: Ed Smith, former Chairman of NHS Improvement; Dr Carol Routledge, former Director of Research at Alzheimer’s Research UK; Lord O’Shaughnessy, former UK health minister; and the internationally-renowned geriatric psychiatrist Professor Dag Aarsland.

 

Commenting on the overview of Cognetivity’s success in 2021, the company’s co-founder and CEO, Dr Sina Habibi, said, “We’re delighted at everything that we’ve managed to achieve over the past year. The pandemic has continued to make all aspects of our work challenging – from our commercial efforts to our research and regulatory goals – and yet across the board I’m thoroughly pleased and proud of what we have accomplished. It’s no surprise that we’ve attracted more and more media attention, featuring in The EconomistWIRED magazine, the BBC and The Times last year, among many others.”

 

“Of course, we have no intention of slowing down,” Dr Habibi continued. “Everything we have done in 2021 has been with an eye to the future. We are poised for rapid expansion throughout 2022 in the UK, the Middle East and the US, as we continue to pursue our goal of transforming dementia care and improving health outcomes for millions of people across the entire world.”

 

About Cognetivity Neurosciences Ltd.

Cognetivity is a technology company that has created a cognitive testing platform for use in medical, commercial and consumer environments. Cognetivity’s ICA uses Artificial Intelligence and machine learning techniques to help detect the earliest signs of cognitive impairment by testing the performance of large areas of the brain. The ICA is currently available for clinical use in the USA, UK and Europe, with regulatory approval for other regions planned for 2022.

 

For more information, please visit: www.cognetivity.com

 

ON BEHALF OF THE BOARD
“Sina Habibi”
Sina Habibi
Chief Executive Officer and Director

 

 

FORWARD-LOOKING STATEMENTS:

Certain statements included in this news release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “assume” “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

 

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

SOURCE Cognetivity Neurosciences Ltd

 

 

 

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Network Partners

Follow Us on Social Media

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading