Actinogen Medical Limited Appoints Avance Clinical and Paratus Clinical to Assist in the Conduct, Management, and Recruitment of the Xanamia Part A Dose Ranging Study
June 20, 2021 at 07:30 pm EDT
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Actinogen Medical (ACW or the Company) announced that it has appointed Avance Clinical (Avance) and Paratus Clinical (Paratus) to assist in the conduct, management, and recruitment of the XanaMIA Part A dose ranging study. Further, the Company has finalised its agreement with Australian neuroscience technology company Cogstate, to utilise its Neuropsychological Test Battery in the XanaMIA study. The XanaMIA Part A study is to be conducted at four Paratus clinics in Australia and will enroll a total of 105 healthy volunteers aged 50 years and over in a dose ranging study of 5mg and 10mg Xanamem® doses, to confirm the minimum effective dose. The total work order with Avance will be AUD 1.25 million. Paratus, a provider of a clinical-trial site network and related services across Australia, will perform all subject recruitment activities, with a total budget of AUD 850,000. Actinogen finalised a work order with Cogstate in April for USD 300,000, to utilise its Neuropsychological Test Battery, a modern platform designed to deliver highly sensitive cognition tests.
Cogstate Limited is a neuroscience technology company optimizing brain health assessments to advance the development of new medicines and to enable earlier clinical insights in healthcare. Its principal activities are the creation, validation, and commercialization of digital brain health assessments; and design and provision of quality assurance services in clinical trials, focused on the administration, scoring, and recording of conventional brain health assessments. Its segments include Clinical Trials, Healthcare, and Administration. In the Clinical Trials segment, the technology and associated services are used to quantify the effect of disease and of drugs, devices or other interventions on human subjects participating in clinical trials primarily conducted by pharmaceutical, and biotechnology companies. In the Healthcare segment, the technology and associated services are being developed as a tool for primary care physicians and/or hospitals to assess cognitive decline.
Actinogen Medical Limited Appoints Avance Clinical and Paratus Clinical to Assist in the Conduct, Management, and Recruitment of the Xanamia Part A Dose Ranging Study