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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

Three Biopharmaceutical Organizations Award $1.7 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring and Inf

05/04/2004 3:05pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Three Biopharmaceutical Organizations Award $1.7 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring and Information Distribution Services Awards Advance Market Penetration in Early and Late Stage Development PHILADELPHIA, April 5 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has received agreements for about $1.7 million in cardiac safety monitoring and services from two fast growing biotechnology organizations and a mid-market biopharmaceutical organization for three drug candidates in clinical development. The agreements cover two extensive Phase I studies and two Phase III studies that will be conducted at more than 100 sites in North America and Europe. eRT will provide comprehensive support including the provision, training and ongoing assistance required for effective use of 100 standing 12- lead ECG machines and more than 60 digital 12-lead Holter recorders, which are 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. "eRT's vast experience in providing cardiac safety services across all phases of clinical development will drive value for the fast growing sponsors of these diverse trials, which range from a Thorough Phase I ECG Study, to a significant routine Phase I study, to two massively distributed Phase III trials," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "We continue to advance our market penetration with the signing of two sponsors that represent new customers for eRT as well as expanding our role with an existing client in its effort to bring a novel therapy to market." 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 sponsors may cancel these agreements at their 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 Reportson Forms 10-K and 10-Q filed with the Securities and Exchange Commission. DATASOURCE: eResearchTechnology, Inc. CONTACT: Joan Sterlacci of eResearchTechnology, +1-908-203-6473; or Matt Hayden of Hayden Communications, +1-858-456-4533, for eResearchTechnology Web site: http://www.ert.com/

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