Japan-Based International Drug Developer Awards $2 Million Thorough QT Study to eResearchTechnology
28 June 2005 - 12:01AM
PR Newswire (US)
Japan-Based International Drug Developer Awards $2 Million Thorough
QT Study to eResearchTechnology Agreement Marks Another Significant
Contract With a Japanese Drug Developer Demonstrating Continued
Momentum of ICH, E14 Global Adoption PHILADELPHIA, June 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 a Thorough QT (T-QT) Study
valued at more than $2 million in cardiac safety monitoring and
services from the U.S. subsidiary of a leading Japan-based drug
developer for one of its compounds in clinical trials. The contract
follows an agreement with another Japan-based sponsor for a $1.6
million T-QT Study eRT announced last week, signaling momentum for
global adoption of the recently finalized International Conference
on Harmonisation (ICH), E14 cardiac safety guidance. 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(R) workflow enabled data handling technology, the first
solution in production that was designed explicitly to meet
emerging international regulatory guidance and technical standards.
"eRT is uniquely qualified to provide this sponsor with a turnkey
solution to ensure compliance with the recently ratified ICH, E14
guidance for cardiac safety in new drug development," said Scott
Grisanti, senior vice president of business development and chief
marketing officer at eRT. "In addition to Best Practice cardiac
safety services, eRT also facilitated expert scientific consulting
on study design, leveraged its Certified Clinical Pharmacology Unit
Partner Program, and included a partner specializing in
bio-statistics services focused on T-QT Study requirements. eRT's
ability to assemble a best of breed team comprised of individuals
and organizations who have worked together closely across many T-QT
studies delivered a compelling value proposition for this
customer." 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 this agreement 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 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 eResearchTechnology,
Inc. Web site: http://www.ert.com/
Copyright
East Resources Acquisition (NASDAQ:ERES)
Historical Stock Chart
From Jun 2024 to Jul 2024
East Resources Acquisition (NASDAQ:ERES)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about East Resources Acquisition Company (NASDAQ): 0 recent articles
More Eresearch Technology Inc. (MM) News Articles