ERT Acquires iCardiac Technologies
Combined organization delivers innovative, efficient safety & efficacy solutions that support all phases of clinical development
PHILADELPHIA – December 04, 2017 – ERT, a global data and technology company that minimizes uncertainty and risk in clinical trials, today announced it has acquired iCardiac Technologies, a leading provider of centralized cardiac safety and respiratory solutions that accelerate clinical research. Financial terms of the transaction were not disclosed.
The acquisition enables ERT to expand its portfolio of proven cardiac safety solutions, specifically through the addition of iCardiac’s sophisticated, algorithm-driven technology, which supports efficient, cost-effective and regulatory-compliant methods of conducting QT assessments in early phase clinical trials. Through these expanded capabilities, ERT is better positioned to meet its customers’ unique needs at every phase of clinical development.
“This is a natural fit between two organizations with rich histories of innovation that have shaped the clinical trial landscape,” said James Corrigan, President & CEO, ERT. “The iCardiac acquisition expands ERT’s ability to deliver solutions that help our customers create novel therapies in the fastest, most efficient and cost-effective manner possible. This includes greater flexibility in early phase trials, as well as a stronger partner who can support the entire development lifecycle.”
Alex Zapesochny, President and CEO of iCardiac, will join ERT’s executive team to lead the company’s Cardiac Safety business, which includes ERT’s existing Cardiac Safety services as well as those offerings recently acquired via Biomedical Systems. “iCardiac has introduced several breakthrough innovations over the past decade, including High Precision QT and Early Precision QT methodologies,” said Zapesochny. “I look forward to continuing this tradition of helping customers navigate an increasingly complex clinical development landscape and bring new treatments to market faster.”
Visit ert.com/cardiac-safety for more information on ERT’s cardiac safety solutions.
ERT is a global data and technology company that minimizes uncertainty and risk in clinical trials so that its customers can move ahead with confidence. With nearly 50 years of clinical and therapeutic experience, ERT balances knowledge of what works with a vision for what’s next, so it can adapt without compromising standards.
Powered by the company’s EXPERT® technology platform, ERT’s solutions enhance trial oversight, enable site optimization, increase patient engagement and measure the efficacy of new clinical treatments while ensuring patient safety. Since 2014, more than half of all FDA drug approvals came from ERT-supported studies. Pharma companies, Biotechs and CROs have relied on ERT solutions in 10,000+ studies, spanning more than three million patients to date. By identifying trial risks before they become problems, ERT enables customers to bring clinical treatments to patients quickly ─ and with confidence.
About iCardiac Technologies
iCardiac Technologies, Inc. is an industry-leading centralized core laboratory for cardiac safety, respiratory, and eCOA clinical trial services. iCardiac serves eight of the top 10 global pharmaceutical companies, as well as numerous small and mid-sized pharma and biotechnology firms. For more information, please visit www.icardiac.com.