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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 15 Global Pharmaceutical Company Awards $1 Million in Study Extensions to eResearchTechnology for Cardiac Safety Monitoring

17/05/2004 3:12pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Top 15 Global Pharmaceutical Company Awards $1 Million in Study Extensions to eResearchTechnology for Cardiac Safety Monitoring and Information Distribution Services Awards Include a Series of Late Phase Studies for Multiple Indications for Two Key Clinical Development Programs PHILADELPHIA, May 17 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT), , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has been awarded study extensions totaling approximately $1 million in cardiac safety monitoring and services from a top 15 global pharmaceutical organization under a previously executed Franchise agreement for two of its key drug candidates in later phase clinical trials. The awards cover extensions to a series of Phase II and Phase III studies that target several indications. eRT is already providing comprehensive support for these studies, 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 workflow-enabled data handling technology, the first solution in production that was designed explicitly to meet emerging international regulatory guidance and technical standards. "eRT is pleased to be in a position to rapidly respond to the increased needs of two of this sponsors' key clinical development programs," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "Trial extensions are becoming more common as the new drug development industry implements adaptive clinical trial strategies that are designed to enable an agile response to evolving regulatory requirements and to act on initial trial feedback while studies are still in process. eRT's Global Customer Care capabilities, including digital ECG equipment marshalling and distribution, along with comprehensive site education curricula and support, are proving critical to effectively executing significant trial extensions as exemplified by these awards." 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. These studies may be canceled by the sponsor 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, +1-858-456-4533, for eResearchTechnology Web site: http://www.ert.com/

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