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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 International Drug Developers Award $2.5 Million in Thorough QT Studies to eResearchTechnology

11/04/2005 3:05pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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Two International Drug Developers Award $2.5 Million in Thorough QT Studies to eResearchTechnology Agreements with Europe-based and Japan-based Pharmaceutical Organizations Continue Trend Toward Implementation of Regulatory Guidance by International Organizations PHILADELPHIA, April 11 /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 two Thorough QT studies valued at more than $2.5 million in cardiac safety monitoring and services from a Europe-based top 50 global pharmaceutical and an expanding Japan-based international drug developer for two compounds in clinical trials. The awards cover two 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 workflow enabled data handling technology, the first solution in production that was designed explicitly to meet emerging international regulatory guidance and technical standards. "Following by several weeks news of Thorough QT Study agreements from another Japan-based drug developer and the initial study from the same top 50 Europe-based pharmaceutical referenced in this announcement, these contracts illustrate the growing trend toward implementation of regulatory guidance worldwide," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "Whether an emerging growth organization or a top 50 pharmaceutical, drug developers whose primary presence is outside the U.S. are increasingly turning to eRT to provide critical services for Thorough QT studies. eRT's ability to leverage partner agreements with Clinical Pharmacology Units here and abroad, along with our capability to provide varying levels of consultation and the capacity to conduct studies in the U.S. and abroad, provide the flexibility and expertise required for such organizations to successfully complete these mission critical projects." 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 Report on Form 10-K filed with the Securities and Exchange Commission. DATASOURCE: eResearchTechnology, Inc. CONTACT: Joan Sterlacci, eResearchTechnology, Inc., +1-908-203-6473; or Matt Hayden, Hayden Communications, +1-858-704-5065, for eResearchTechnology, Inc. Web site: http://www.ert.com/

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