East Resources Acquisition (NASDAQ:ERES)
Historical Stock Chart
From Oct 2019 to Oct 2024
Growing European Pharmaceutical Organization Awards $1.2 Million Study Extension
to eResearchTechnology for Cardiac Safety Monitoring and Information
Distribution Services
Overall Agreement Now Totals More Than $2.7 Million for Thorough Phase I ECG
Study
PHILADELPHIA, March 16 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc.
(eRT), , a leading provider of centralized electrocardiographic (ECG) collection
and interpretation services, announced today that it has received an agreement
for more than $1.2 million in additional cardiac safety monitoring and services
from a growing European pharmaceutical organization for one of its drug
candidates in clinical development. The additional award brings to $2.7 million
the total services contracted toeRT for this single clinical trial.
The agreement covers an extension to an extensive Phase I study for which eRT
was already providing comprehensive support including the provision, training
and ongoing assistance required for effective use of digital 12-lead Holter
equipment designed to facilitate 24-hour digital recording 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. The
study extension is targeted for completion over a 90-day period.
"After careful consideration, this sponsor elected to further enhance the
cardiac safety profile for this important study, and eRT stands ready to provide
the capacity and throughput required to process a significantly increased number
of ECGs within a compressed timeframe," said Scott Grisanti, senior vice
president of business development and chief marketing officer at eRT. "eRT's
unique approach to delivering comprehensive services for successful execution of
ThoroughPhase I ECG studies, including close partnerships with Clinical
Pharmacology Units for study conduct, enabled the flexibility required to
immediately meet this increased demand."
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
servicesto 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 thesponsoring
client. The sponsor may cancel this agreement 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, +1-760-487-1137, for eResearchTechnology,
Inc.
Web site: http://www.ert.com/