Interestingly the article is aug 2015 and it has Prof Hughes saying he is currently (back at time of the article) "negotiating with one of Australia's largest aged care providers to trial the app on more dementia patients in a much larger study.
He's hoping to register the app as a medical device and have it on the market by the end of next year."
Fast forward to May 2016 and it will be interesting to see how the outcomes of that study have gone. Interestingly the demand for the stock has been good, makes sense it is in a bullish growth sector , success of RAP etc etc.
I will be interested when the news flow starts to be released then the action and interest will heat up.
Of course first domino is the due diligence (i think they tend to be mere formalities) with both parties accepting the deal and formalising it, once that is out the way i think you will probably start to see the news flow coming out.
Registration of the app as a medical device and it on the market by end of 2016 is also great it means this could be commercial sooner than my first thought.
MNQ Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
