Integrative research means our extensive company research informs every thesis and perspective. The result is deep industry knowledge, expertise, and trend insights that yield valuable results for our partners and clients.

About the Author:
Joseph Munda
Senior Vice President
Joe Munda has worked in finance and investment for 15 years and joined First Analysis in 2015. He works with entrepreneurs as an investor and as an advisor on growth transactions to help build leading businesses in healthcare technology. He has played a key role in building First Analysis’s franchises in drug development technology and medical technology and has published several thought-leading white papers in those areas. He serves on the board of VIDA Diagnostics. Prior to joining First Analysis, he was an equity research analyst covering medical device and healthcare services companies at Sidoti & Co. Earlier, he worked in institutional sales at Bear Stearns/J.P. Morgan. He earned a bachelor's degree in finance from Fairleigh Dickinson University.
First Analysis Pharma IT Team
Joseph Munda
Senior Vice President
Matthew Nicklin
Managing Director
Tracy Marshbanks
Managing Director
Andrew Walsh
Managing Director
Pharma IT
Mind’s role in therapeutics, wellness means opportunity for cognitive assessment technology
Oct 6, 2021
  • The increasing burden and costs associated with Alzheimer's disease and other neurodegenerative diseases have made early diagnosis and intervention a national priority. However, conducting clinical trials to develop therapies for diseases like Alzheimer's is particularly challenging, contributing to higher costs than for many other conditions. Cognitive assessment technology is an important solution to this challenge.
  • Applications for cognitive assessment technology extend beyond neurodegenerative diseases. Trial sponsors, regulators and physicians are increasingly interested in measuring and monitoring cognitive function during the drug development process to assess safety and risk for a broad spectrum of drugs. We think digital cognitive assessments, which trial sponsors have recently adopted out of necessity (often due to the pandemic) will continue to grow in popularity.
  • We highlight some of the companies providing cognitive assessment technology to trial sponsors for a variety of applications. Their capacity to improve understanding of cognition in healthcare offers enormous promise for technology providers, pharmaceutical companies, and quality of life.


Includes discussion of Cogstate (ASX: CGS), Cambridge Cognition (AIM: COG), WCG Clinical (WCGC) and seven private companies

Alzheimer's and other neurodegenerative diseases dominate the cognitive health challenge

Beyond hardware and chemistry: Key role for cognitive assessments in the neurodegenerative challenge

Compelling case for cognitive assessments in drug development

Aduhelm Alzheimer's approval a vanguard of widening opportunity for cognitive assessments

Opportunity for cognitive assessment technology beyond Alzheimer's

Rich opportunity for cognitive assessment technology providers and society as a whole

eClinical index return far ahead of Nasdaq, S&P 500; commercialization index lags all

Pharma IT M&A activity for Q2 and Q3 within two-year range

Pharma IT private placements slow in Q2, Q3

Alzheimer's and other neurodegenerative diseases dominate the cognitive health challenge

Cognition is defined as the mental action or process of acquiring knowledge and understanding through thought, experience and the senses. It involves various brain functions and processes such as knowledge, attention, memory, language, reasoning, judgement, comprehension, decision making and visuospatial function. Cognitive impairment refers to persistent deficits in the brain's ability to function effectively. Cognitive impairment can have significant impact not only on the daily lives of patients but also their families. Depending on severity, signs of cognitive impairment, such as memory loss, confusion and difficulties carrying out routine day-to-day tasks, can be pronounced or subtle. Cognitive impairment is associated most notably with neurodegenerative diseases such as Parkinson's disease, amyotrophic lateral sclerosis, Huntington's disease and Alzheimer's disease.

Alzheimer's, the most common neurodegenerative disease, is a progressive brain disorder that slowly destroys memory and thinking skills, and eventually the ability to carry out simple tasks. According to statistics from the Alzheimer's Association, an estimated 6.2 million Americans age 65 and older are currently living with Alzheimer's. In addition to being the sixth-leading cause of death in the United States, it is costly. The current total national cost of caring for patients with Alzheimer's other dementias is about $355 billion annually, not including an estimated $257 billion in unpaid caregiving. Without progress, the number of patients suffering from Alzheimer's is expected to double to about 13 million by 2050, with annual costs projected to eclipse $1 trillion.

To access the full report, please provide your contact information in the form below. A First Analysis representative will follow up with you shortly. Thanks for your interest in First Analysis research.
First Name required!
Last Name required!
Email required!
Industry required!
Unfortunately, your request to access the complete report has failed.

Please check the contact information you have entered.

If the form submission failure persists, please contact Person at (xxx) xxx-xxxx to handle your request. Thank you.
©2024 by First Analysis Corporation.
One South Wacker Drive
Suite 3900
Chicago, IL 60606