ERT Completes Acquisition of PHT Corporation
Combined Company to Better Meet the Growing Need for Innovative Patient Data Collection Solutions
PHILADELPHIA, PA (PRWEB) May 11, 2015
ERT, a leading global solution provider for high-quality patient safety and efficacy endpoint data collection, today announced it has completed the acquisition of Boston-based PHT Corporation (PHT), the eClinical innovator leading the adoption of patient-driven mobile apps for improved clinical research. Financial terms of the transaction were not disclosed.
The acquisition further positions ERT as the leader in eClinical Outcome Assessments (eCOA) and patient-centric data collection, bolstering ERT's innovativeclinical trial and healthcare technologies, consulting and service offerings with PHT'sflexible eCOA system, premier eCOA scientists and world-class customer service. The combined company will have an increased global footprint throughout North America, Europe and Asia, supporting all phases of clinical research across a broad range of therapeutic areas for small and mid-sizedbiopharma to CROs and large pharmaceutical companies – including the top 30 pharmaceutical companies in the world.
"We are thrilled that the transaction is officially closed and are delighted to welcome PHT to the ERT family," said Jim Corrigan, President and CEO of ERT. "By combining our organizations, we have strengthened our capabilities to deliverthe most innovative and comprehensive patient-centric data collection solutions during this era of accelerated eCOA adoption. We are excited to leverage our respective strengths as wecontinue our focus on accelerating clinical research to help bring new therapies to market."
Over the coming weeks, ERT will provide additional details on how this acquisition will further enhance the company's ability to bring innovative, patient-centric solutions to the clinical research industry.
ERT (http://www.ert.com) is a leading provider of high-quality patient safety and efficacy endpoint data collection solutions for use in clinical drug development. ERT delivers a combination of technology, services, and consulting that increase the accuracy and reliability of patient data and improve the efficiency of the clinical development process throughout the product lifecycle. ERT delivers the most widely deployed solutions in centralized cardiac safety, respiratory services, suicide risk assessment and Clinical Outcome Assessments (COAs) – which includes patient, clinician and observer reported outcomes as well as data analytics across the trials. By efficiently integrating these solutions through a system built upon a scientific and regulatory foundation, ERT collects, analyzes and delivers safety and efficacy data critical to the approval, labeling and reimbursement of pharmaceutical products. ERT is a global organization with headquarters in Philadelphia, PA and offices throughout the U.S., Germany, Switzerland, U.K. and Japan.