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Saturday, July 27, 2019 11:12:07 PM
These type of consortiums are generally open to anyone that has a legitimate interest and pays the nominal(typically) entrance fee. The purpose of the consortium is to establish new ERP industry accepted testing standards. Consortiums are OPEN so that the standards can get industry acceptance! Companies are more accepting of standards if they are ALLOWED(open) to join the consortium.
Cognision founded the consortium (not Anavex). Cognision wants their headgear/hardware/software approved to be used for all the testing needs down the road. Anavex is just one of several companies (maybe even competitors) working together to define the uses and methods of obtaining ERP data with the Cognision (or equivalent) hardware/software. Note: There could even be Cognision competitors in the consortium. They will all work together. Consortium members do not share any more intellectual property than is needed to develop the standards. So this is not a grand partnership. (Could a partner come out of this arrangement, sure but a partnership could also come from company XYZ because the CFO of XYZ was Dr.M's roommate in college.)
Yes Jon, exactly as you said, this framework can be used to test and validate any drug. The standard could also be used to test for ALZ as part of the diagnosis!
The results, eventually will be, industry standard test procedures per disease (like ALZ), industry accepted ERP disease measurement levels, more accurate measurement of drug responses, measurement driven data, and on and on.
One final opinion here. Because of the above, I think Anavax should soon NOT be sending the CEO to these meetings. Soon they should get down to brass tacks and send an engineer or scientist...which is part of the hiring expansion they will need to begin soon(if drug approval). Part of the shelf????
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