Clinical Research
ERT Agrees to Acquire the Research Services Division of CareFusion
Published in Drug Week, May 14th, 2010
eResearchTechnology, Inc. (ERT), (NASDAQ:ERES), a global provider of technology and services to the pharmaceutical, biotechnology, and, medical device industries, announced that it has agreed to acquire the research services division of CareFusion Corporation (CRS) for $81 million in cash. CRS is a leading provider of respiratory diagnostics services and manufacturer of diagnostic devices and also offers cardiac safety and ePRO services. All will be integrated into ERT's existing business. ERT stated that the transaction is expected to close in June 2010 pending satisfaction of customary closing conditions. No stockholder approvals are required.
Dr. Michael McKelvey,...
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Source: Drug Week (2010-05-14)
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