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Growing Private Pharmaceutical Organization Awards $1.1 Million
Study to eResearchTechnology for Cardiac Safety Monitoring and Information
Distribution Services
Thorough Phase I ECG Study for Key Compound to Be Performed Over 90-Day Period
PHILADELPHIA, April 26 /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 $1.1 million in cardiac safety monitoring and services
from a growing private pharmaceutical organization for one of its drug
candidates in clinical development.
The agreement covers an extensive Phase I study for which eRT is 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 is
targeted for completion over a 90-day period.
"We are pleased to have been selected to provide cardiac safety services for
the first Thorough Phase I ECG Study conducted by this recently established and
fast-growing organization," said Scott Grisanti, senior vice president of
business development and chief marketing officer at eRT. "The combination of
eRT's operational expertise in the demanding Thorough Phase I ECG Study arena
and experience in the anti-infective therapeutic area targeted by this
compound, position our company to make a valuable contribution to this drug
developer's efforts."
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 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 Report on Form 10-K
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/