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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 and Site Support Institute Co., Ltd. Sign Agreement to Deliver Cardiac Safety Services to Japanese Clinical

23/06/2005 3:05pm

PR Newswire (US)


East Resources Acquisition (NASDAQ:ERES)
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eResearchTechnology and Site Support Institute Co., Ltd. Sign Agreement to Deliver Cardiac Safety Services to Japanese Clinical Trial Market Leading Japanese Site Management Organization Enters Digital Cardiac Safety Monitoring Sales Partnership Agreement with eRT PHILADELPHIA, June 23 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc. (eRT) (NASDAQ:ERES), a leading provider of centralized electrocardiographic (ECG) collection and interpretation services, announced today an agreement with Site Support Institute Co., Ltd. (SSI) (TSE:2386), a leading provider of site management support services to the Japanese pharmaceutical and biotechnology industries. This alliance, the first for eRT in Japan, facilitates the sales activities and in-country support of Japanese sponsors that require testing of new drug candidates in conjunction with emerging international cardiac safety regulatory guidance and technical standards. Under the agreement, SSI will perform direct selling activities of eRT products and services to Japanese sponsors, while eRT will perform digital collection, measurement, interpretation, review and distribution of cardiac safety data through its EXPeRT(R) workflow-enabled data handling technology. The eRT technology is the first solution designed explicitly to meet emerging international guidance and standards related to cardiac safety monitoring services. eRT supports clinical trials globally from its network of three core lab facilities. "Site Support Institute is one of the leading SMOs in Japan and has significant experience in clinical trial coordination, including administrative management and GCP-compliant practical execution," said Robert Brown, senior vice president of outsourcing partnerships for eRT. "Our sales partnership presents a great opportunity for eRT to expand its sales presence in Japan through a professional organization with established Japanese clinical research relationships. We have observed heightened awareness and interest in Japan related to cardiac safety monitoring in all phases of clinical development. This coincides with the ICH E14 cardiac safety monitoring guidance, which was recently ratified for implementation. We are pleased to be announcing the SSI agreement and look forward to working closely with the SSI team to ensure effective execution of our sales strategy, which targets cardiac safety services for products in all phases of development and, specifically, Thorough QT/QTc studies." "Offering cardiac safety services from eRT, the ECG core lab global industry leader, will enable SSI to assist sponsors in meeting the needs of international and regional drug development organizations conducting trials in Japan," said Ichiro Oshiba, Chief Executive Officer of SSI. "SSI is the leading provider in Japan of site management services that are intended to improve the quality of clinical trials and accelerate pharmaceutical product development. The partnership between SSI and eRT represents another opportunity for SSI to serve our clients in their need for comprehensive cardiac safety testing, including Thorough QT/QTc studies, especially since regulations are now requiring such studies to be conducted on a larger scale. We look forward to expanding our relationship with eRT under the current agreement and believe the cultures of both organizations will be most complementary." In concert with another eRT partner, Pharma Bio-Research Group (The Netherlands), eRT and SSI are sponsoring a seminar in Tokyo on July 7 to provide up-to-the-minute insight into the development of ICH standards and practical implications for implementation of Thorough QT/QTc studies and overall cardiac safety programs. The distinguished panel of experts includes: Dr. Rashmi Shah, consultant and former senior clinical assessor and author of the 1997 CPMP "Points to Consider" guidance on the same topic; Dr. Joel Morganroth, eRT chairman and chief scientist; Dr. J.M. de Voogd, senior clinical research director, Solvay Pharmaceuticals; Yoshihiro Kuroki, Phase I study operations manager, Bayer Yakuhin, Ltd.; Dr. Willem Jan Drijfhout, chief scientific officer, Pharma Bio-Research Group BV; and Dr. Keiji Ueda, senior consultant and topic leader on ICH E14, Japan PMDA. More than 120 pharmaceutical professionals are pre-registered for this event. 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. eRT is a market leader in providing centralized core-diagnostic electrocardiographic (ECG) technology and services to evaluate cardiac safety in clinical development. eRT 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 eRT'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. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect eRT's financial results can be found in eRT'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, Hayden Communications, +1-858-704-5065, for eRT Web site: http://www.ert.com/

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