COSTA MESA, CA--(Marketwire - June 23, 2009) - CNS Response, Inc. (OTCBB: CNSO) today
announced the closing of a $1 million dollar bridge loan with venture
capitalist John Pappajohn.
"This financing comes at a critical time for CNS Response, providing both
the resources to complete the treatment-resistant depression trial and
drive wider clinical use of Referenced-EEG®," stated George Carpenter,
Chief Executive Officer of CNS Response. "John Pappajohn has financed
numerous healthcare companies, from Caremark to Quantum Health, and has
introduced many healthcare innovations through his commercialization
expertise and financial leadership."
Over the past two months the company has obtained two bridge loans totaling
$1.2 million. Details pertaining to the bridge loans are available in the
Form 8-Ks filed with the SEC.
CNS Response also announced that it has completed enrollment at 14 study
sites for its treatment-resistant depression (TRD) clinical trial. This
puts the company on track to complete the trial in September and release
top-line results before year-end.
"Completion of our clinical trial is an important milestone for CNS
Response," said President and Chief Medical Officer Daniel Hoffman.
"Physicians using Referenced-EEG are achieving better patient outcomes and,
according to the United BioSource study, Referenced-EEG already offers
superior evidence for treatment-resistant depression. Our current clinical
trial will bring this technology to the attention of the nation's top
academic and clinical psychiatrists."
About CNS Response
Today, most physicians are able to base treatment on objective test data,
such as EKGs, MRIs, blood tests, etc. Broadly speaking, such advances have
not yet come to those physicians practicing psychiatry.
CNS Response has developed a patented data-analysis capability that, with
the help of a simple, non-invasive EEG, will analyze a patient's brain
waves and compare the results to an extensive patient outcomes database.
The process produces an rEEG® report providing a psychiatrist with
guidance to personalize medication regimens for a patient, based on the
patient's own brain physiology. To read more about the benefits this
patented technology provides physicians, patients and insurers, please
visit the CNS Response website, www.cnsresponse.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995
Except for the historical information contained herein, the matters
discussed are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, as
amended. These statements involve risks and uncertainties as set forth in
the Company's filings with the Securities and Exchange Commission. These
risks and uncertainties could cause actual results to differ materially
from any forward-looking statements made herein.