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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

U.S. Affiliate of Growing International Pharmaceutical Organization Signs Agreement with eResearchTechnology Totaling More Than

10/03/2004 2:01pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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U.S. Affiliate of Growing International Pharmaceutical Organization Signs Agreement with eResearchTechnology Totaling More Than $1.1 Million for Cardiac Safety Monitoring and Information Distribution Services Study Targets Novel Therapy in Late Phase Development PHILADELPHIA, March 10 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT) , a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today that it has received an agreement for more than $1.1 million in cardiac safety monitoring and services from the U.S. affiliate of a growing international pharmaceutical organization for one of its drug candidates in late phase clinical development. The agreement covers a significant Phase III study that will be conducted at 70 sites in the U.S. and Canada. eRT will provide comprehensive support and 70 units of 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. "We are pleased to have been awarded this study, which illustrates the effect that emerging international standards for cardiac safety in new drug development are having on clinical research across all phases," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "Extensive overall testing in target patient populations and more robust cardiac safety profiling are combining to drive increasingly large scale digital cardiac safety collection, management, analysis, and distribution requirements from pharmaceutical and biotechnology organizations across all geographies and segments." 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 these agreements 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 affectthe 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, +1-760-487-1137, for eResearchTechnology Web site: http://www.ert.com/

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