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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 International Drug Developers Award $3.6 Million in Thorough QT Studies to eResearchTechnology

09/02/2005 9:05pm

PR Newswire (US)


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Three International Drug Developers Award $3.6 Million in Thorough QT Studies to eResearchTechnology Sponsors Include a Top-10 Pharma and Two Japan-based International Pharmaceuticals Demonstrating Continued Global Adoption of Regulatory Guidance PHILADELPHIA, Feb. 9 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT) (NASDAQ:ERES), a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has been awarded three Thorough QT studies valued at more than $3.6 million in cardiac safety monitoring and services from a global top-10 drug developer and two Japan-based international drug developers for three compounds in clinical trials. The awards cover three significant Thorough QT studies, for which eRT is providing comprehensive support, including provision 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(R) 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 excited to have been selected to perform cardiac safety services for these trials, which illustrate how the adoption of evolving regulatory guidance is cutting across all segments and geographies of the new drug development industry," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "eRT is unique in its ability to provide the overall capacity and throughput required to address the demands of big pharma's robust pipelines, while also being able to provide consultative services and turnkey solutions required by emerging growth companies like the Japanese sponsors for two of these important studies." 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 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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