1026650--3/9/2007--ERESEARCHTECHNOLOGY_INC

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{customer, product, revenue}

{system, service, information}

{personnel, key, retain}

{product, market, service}

{acquisition, growth, future}

{financial, litigation, operation}

{product, candidate, development}

We depend entirely on the clinical trial market and a downturn in this market could cause our revenues and profitability to decrease. The FDA may recommend a different approach to measure drug effects on the QT interval of an ECG which could make our systems and processes obsolete and adversely affect revenue and profitability. Our failure to expand our business or manage growth successfully could disrupt our business operations, increase our costs and delay implementation of our business strategies. The cardiac safety equipment that we own and lease could become obsolete due to technological advances or we may not be able to provide the quantity of equipment needed to service our clients. Rapidly changing technology may impair our ability to develop and market our solutions and cause us to become less competitive. We depend on certain key executives. If we lose the services of any of these executives, our operations could be disrupted, we could incur additional expenses and our ability to expand our operations could be impeded, particularly if we are not able to recruit a suitable replacement in a timely manner. Third parties have made claims for damages against the Company and may continue to do so, which could result in an unfavorable settlement or judgment against us.

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1026650--3/9/2007--ERESEARCHTECHNOLOGY_INC_/DE/