Mr. Sina Habibi reports
COGNETIVITY NEUROSCIENCES SIGNS COMMERCIAL AGREEMENT WITH DACADOO AG TO PROVIDE COGNITIVE ASSESSMENT TOOL FOR USE IN LEADING DIGITAL HEALTH PLATFORM
Cognetivity Neurosciences Ltd. has signed a commercial agreement with dacadoo, a fast-growing global provider of digital health platforms, to provide a first-of-its-kind cognitive assessment tool for dacadoo's client base of major life and health insurance providers.
The agreement covers the commercial relationship between Cognetivity and dacadoo and allows the companies to work together to make Cognetivity's advanced cognitive assessment platform available to dacadoo's corporate partners in health and life insurance on a continuing, per-user, subscription basis.
By adding Cognetivity's "at home" cognitive assessment tool to its digital health engagement platform, dacadoo has the opportunity to offer its existing and future life and health insurance clients a highly unique and valuable new technology for monitoring cognitive health.
Cognetivity's chief executive officer and director, Dr. Sina Habibi, commented: "This agreement represents a significant opportunity for us to make our proprietary technology available to a mass user base within the new and rapidly growing area of non-clinical health monitoring. Whether it be via our professional platform for early cognitive impairment diagnosis, which is in its final stages of clinical validation, or our at-home health monitoring tool being integrated with dacadoo, our key mission remains clearly focused on giving people control of their health and ensuring the best possible health outcomes for as many people as possible."
Peter Ohnemus, founder, president and CEO of dacadoo, added, "We are very happy to partner with Cognetivity and provide our insurer customers with access to its impressive, AI-driven technologies in the space of cognitive monitoring."
According to a 2018 report by Transparency Market Research, the global digital health market was valued at approximately $180-billion (U.S.) in 2016. Expanding at an expected CAGR (compound annual growth rate) of 13.40 per cent from 2017, the market is projected to reach approximately $535-billion (U.S.) by the end of 2025.
About Cognetivity Neurosciences Ltd.
Cognetivity is a technology company developing a cognitive testing platform, the integrated cognitive assessment (ICA), for use in medical and commercial environments. Cognetivity's ICA uses artificial intelligence and machine learning techniques to help detect the earliest signs of impairment by testing the performance of large areas of the brain, potentially allowing early diagnosis of dementia. Cognetivity aims to develop the ICA through planned clinical studies to the market in North America and Europe.
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