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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

Two Biopharmaceutical Organizations Award More Than $1.4 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring

31/03/2004 4:05pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Two Biopharmaceutical Organizations Award More Than $1.4 Million in Studies to eResearchTechnology for Cardiac Safety Monitoring and Information Distribution Services Two Thorough Phase I ECG Studies Include New Study Design and Baseline Study Capable of Extension PHILADELPHIA, March 31 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT) , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has received agreements for more than $1.4 million in cardiac safety monitoring and services from a top 50 pharmaceutical and growing biotechnology organization for two drug candidates in clinical development. The agreements cover two extensive Phase I studies 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 thatwas designed explicitly to meet emerging international regulatory guidance and technical standards. The studies are targeted for completion over a 90-day period. "We are excited by eRT having been selected to provide comprehensive cardiac safety services for these Thorough Phase I ECG studies, each of which provides a unique opportunity to marry eRT's capabilities with sponsor requirements," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "Thefirst study, which is a pilot being conducted on behalf of a global top 50 pharmaceutical organization, is advancing a key aspect of study design that will provide more flexibility to the entire industry. The second study is being conducted for an emerging biotechnology organization, which is leveraging eRT's digital Holter platform to provide the flexibility to add 12-lead ECG time points for analysis at any time during or after conduct of the study with determination of an optimal ECG collection profile." 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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