Henry Schein To Offer CAS' Fully-Automated Cognivue Device
Zacks Investment Research | Oct 04, 2017 09:03PM ET
Henry Schein Medical, a subsidiary of Henry Schein, Inc. (NASDAQ:HSIC) , recently inked an agreement with Cerebral Assessment Systems (“CAS”) to distribute Cognivue. This is the first computerized cognitive assessment screening device cleared by the FDA for the detection of early signs of dementia. We believe this development will bolster growth for the company in the field of mental cognitive diseases.
CAS is a medical device company engaged in researching and commercializing automated solutions for the routine measurement and monitoring of brain health.
According to the company, Cognivue is a fully-automated solution displaying visual stimuli on a computer screen. Physicians conduct quantitative analysis of brain health to get a single score of overall brain functional integrity. The results are stored in the cloud enabling doctors to observe current brain health and identify potential issues that can be addressed before problems worsen.
Henry Schein is consistently working toward boosting its Medical segment. Notably, worldwide Medical revenues rose 6.1% year over year in the last reported second quarter. Recently, Henry Schein announced a partnership with Simplifeye to create a mobile platform for health care providers who use its practice management and electronic health record software — MicroMD.
According to a report by Research and Markets, the global treatment for syndromes of dementia and movement disorders market is anticipated to reach a value of $21,154.8 million in 2020, at a CAGR of 8.6%.Considering the huge potential of the market, we believe the latest development is strategic.
Over the past year, Henry Schein has underperformed the broader Zacks Investment Research
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