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ERES East Resources Acquisition Company

10.85
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
East Resources Acquisition Company NASDAQ:ERES NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.85 13.45 13.52 0 01:00:00

Emerging European Biotechnology Organization Awards Studies to eResearchTechnology Totaling $1.3 Million for Cardiac Safety Moni

29/03/2004 3:06pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Emerging European Biotechnology Organization Awards Studies to eResearchTechnology Totaling $1.3 Million for Cardiac Safety Monitoring and Information Distribution Services Awards Include a Series of Late Phase Studies for Two Key Clinical Development Programs PHILADELPHIA, March 29 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has been awarded studies totaling more than $1.3 million in cardiac safety monitoring and services from an emerging European biotechnology organization for two of its key drug candidates in later phase clinical trials. The awards cover a series of Phase III studies that target the two compounds and will be conducted at 163 research sites distributed across five continents. eRT will provide comprehensive support and 163 units of digital 12-lead ECG equipment designed to facilitate collection of cardiac safety data that is subsequently provided to eRT for analysis. eRT will perform digital collection, measurement, interpretation, review, and distribution of cardiac safety data through its EXPeRT workflow enabled data handling technology, the first solution in production that was designed explicitly to meet emerging international regulatory guidance and technical standards. "We are delighted with these agreements, which illustrate that the trend toward program level awards for significant later phase studies is continuing to gain momentum across all segments and geographies of the drug development industry," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "We look forward to working closely with this sponsor to ensure effective conduct of cardiac safety services for these two compounds in the critical stages of the path to commercialization." Based in Philadelphia, PA, eResearchTechnology, Inc. (http://www.ert.com/) is a provider of technology and services to the pharmaceutical, biotechnology and medical device industries on a global basis. The company is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. The company is also a leader in providing technology and services to streamline the clinical trials process by enabling its customers to automate the collection, analysis, and distribution of clinical data in all phases of clinical development. Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. The studies pertaining to these awards may be canceled by the sponsor at its sole discretion. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the company's financial results can be found in the company's Reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. DATASOURCE: eResearchTechnology, Inc. CONTACT: Joan Sterlacci, eResearchTechnology, Inc., +1-908-203-6473; or Matt Hayden, Hayden Communications, +1-858-456-4533, for eResearchTechnology Web site: http://www.ert.com/

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