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PainChek receives $5M trail grant from Dept. of Health

Health Care
ASX:PCK      MCAP $50.71M
04 December 2019 12:15 (AEST)

PainChek (PCK) has signed a $5 million national trial grant agreement with the Department of Health

The company will use the grant to conduct a national trial of a pain identification smart-phone application, PainChek, for Australian’s with dementia living in residential aged care facilities.

The objectives of the grant are to provide access to PainChek technology for people living with dementia, collect relevant data on the use of PainChek in practice, and to evaluate the efficacy of the software.

PainChek is a fast and simple solution that uses the smartphone camera to record a short video of the person’s face and then analyse it using facial recognition analytics.

It automatically recognises facial muscle movements that indicate pain and then takes note of them.

The caregiver then uses the software to record observations of pain-related behaviour such as how the person is moving and vocalising pain.

PainChek then calculates an overall pain score and stores the results allowing the caregiver to monitor the effect of medication and treatment over time.

Just yestereday, PainChek confirmed its first order from the U.K. providing 1000 units of its software to Person Centred Software U.K.

The intended outcome of this grant is to improve diagnosis and management of pain in people living with dementia in residential aged care.

The $5 million consists of a $500,000 payment on execution of the agreement to support the development of training materials, in addition to an evaluation report and $4.4 million for the provision of 100,000 PainChek licenses.

The remaining $100,000 is earmarked for the delivery of an evaluation report at the end of the contract term.

PainChek began enrolling residential aged facilities in the Government grant program in September 2019 after finalising the terms, conditions and internal sign-off within the Department of Health.

The agreement term ends on December 31, 2020.

PainChek is up a slight 3.49 per cent this morning with shares trading for 22.3 cents apiece at 11:30 am AEDT.

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