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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

eResearchTechnology Announces $13.5 Million in July Study Awards for Cardiac Safety Monitoring and Information Distribution Serv

27/07/2005 10:05pm

PR Newswire (US)


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eResearchTechnology Announces $13.5 Million in July Study Awards for Cardiac Safety Monitoring and Information Distribution Services Early Third Quarter Visibility to Significant Sponsor Commitments Indicates Increased Traction, Including Two Program Awards and Two Thorough QT Studies PHILADELPHIA, July 27 /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 $13.5 million in cardiac safety monitoring and services to date in July 2005. Highlights of these collective awards include: -- Two later phase programs from a top 10 global pharmaceutical company totaling more than $7.8 million and comprising a number of studies with a massively distributed investigator network that spans more than 750 sites. -- Two Thorough QT studies to be completed in the manual methodology totaling more than $3 million sponsored by a growing focused pharmaceutical organization and an emerging biopharmaceutical targeting innovative anti-infective therapies. eRT will provide 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(R) workflow enabled data handling technology, the first solution in production that was designed explicitly to meet emerging international regulatory guidance and technical standards. In other news released separately today, eRT announced a strategic alliance with Mortara Instrument to provide enhanced digital ECG products and services. The agreement includes production of an eRT private label device and authorized reseller rights for equipment and Mortara's E-Scribe ECG Warehouse Services to the global drug development industry. "Substantial early traction in the third quarter indicates growing momentum in the trends toward program awards and the drug development industry's embrace of key elements of ICH, E14 regulatory guidance, which require Thorough QT studies for virtually all new compounds," said Scott Grisanti, senior vice president of business development and chief marketing officer at eRT. "Our key July wins illustrate two of eRT's most distinguishing strengths. First, sponsors recognize eRT's overall capacity and logistics capabilities, key to supporting extensive later phase programs comprising hundreds of sites, as an important core competency. Second, eRT's ongoing scientific, technical and operational expertise in the extraordinarily demanding Thorough QT Study arena continues to drive awards in this critical market segment. "We were very pleased with industry response to our June-July seminar series, which focused on practical implications of ICH, E14 and planning and conduct of Thorough QT studies. We hosted a total of about 300 attendees at three sessions in London, Tokyo and Philadelphia and are adding a date in Orange County, Calif. in October to meet demand from the West Coast biopharmaceutical community. In addition, the enhancement of our Mortara relationship supports delivery of innovative products and services that help sponsors to optimize their cardiac safety programs enterprise-wide." 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 of eResearchTechnology, Inc., +1-908-203-6473; or Matt Hayden of Hayden Communications, +1-858-704-5065, for eRT Web site: http://www.ert.com/

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