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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

Top 10 Global Pharmaceutical Company Awards $2.3 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring and Inf

13/06/2005 3:22pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Top 10 Global Pharmaceutical Company Awards $2.3 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring and Information Distribution Services Phase III Program Award Consistent with Recent ICH, E14 Implementation Guidance and Reinforces Importance of Cardiac Safety Monitoring in Later Phase Clinical Development PHILADELPHIA, June 13 /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 more than $2.3 million in cardiac safety monitoring and services from a top 10 global pharmaceutical organization for one of its key drug candidates in late phase clinical trials. The award for the Phase III program is comprised of a number of studies with an investigator network that spans three continents. eRT will provide comprehensive support, including provision of 270 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(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 pleased that the ICH committee ratified implementation (step 4) of the E14 cardiac safety monitoring guidance that reinforces cardiac safety monitoring in all phases of clinical development. This contract represents an example of large pharmaceutical company adopting the principles in the most recent guidance document," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "In addition to experience with this compound, eRT's equipment marshalling and logistics capabilities, along with extensive site support and comprehensive project management, were important factors in the sponsor's decision process." 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 Reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission. DATASOURCE: eResearchTechnology, Inc. CONTACT: Joan Sterlacci of eResearchTechnology, Inc., +1-908-203-6473; or Matt Hayden of Hayden Communications, +1-858-704-5065 Web site: http://www.ert.com/

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