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Can better cognitive testing platforms accelerate pharma’s Alzheimer’s research and development efforts?

brain_AD.

Alzheimer’s cure behind the boom in brain sci­ence (Finan­cial Review):

Bio­gen is one of many mem­bers of big phar­ma seek­ing the block­buster drug which will inevitably be worth mul­ti­ple bil­lions of dol­lars. Big phar­ma in the US spends about $US5 bil­lion a year on Alzheimer’s research and devel­op­ment.

Expo­nen­tial growth in the dis­ease over the past decade has not been accom­pa­nied by the devel­op­ment of approved drugs. In fact, not a sin­gle new drug for Alzheimer’s has been approved in the past 10 years in the Unit­ed States, accord­ing to a report pub­lished this week by the Mass­a­chu­setts Insti­tute of Tech­nol­o­gy. About 5 mil­lion Amer­i­cans suf­fer from AD and that is pro­ject­ed to dou­ble in com­ing decades.

How­ev­er, Smith says the con­tin­u­ing boom in clin­i­cal tri­als pro­vides growth oppor­tu­ni­ties for com­pa­nies that can stream­line the test­ing process.

A prob­lem with AD is that once the patient is suf­fer­ing from the dis­ease it is too late for the drug treat­ment to assist. The ear­li­er the cog­ni­tive impair­ment can be iden­ti­fied the bet­ter.

That leads Smith into rec­om­mend­ing investors seri­ous­ly con­sid­er an Aus­tralian list­ed com­pa­ny called Cogstate. It told the mar­ket this week that the total val­ue of sales con­tracts signed in the fis­cal year to date is $US21.9 mil­lion, mak­ing this the most suc­cess­ful finan­cial year for sales con­tracts. The sales are up from $US9 mil­lion dur­ing the pre­vi­ous finan­cial year.”

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Categories: Cognitive Neuroscience, Health & Wellness, Technology

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As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters,  SharpBrains is an independent market research firm tracking how brain science can improve our health and our lives.

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