Blum buys 147,000 shares of eResearchTechnology

By Lisa Kerner

Charlotte, N.C., Nov. 7 - A group of eResearchTechnology Inc. investors led by Blum Capital Partners, LP bought 147,000 shares of the company's stock on Sept. 8 for $12.4119 each.

The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Blum and its affiliates beneficially own 7,566,464 shares, or 14.9%, of the Philadelphia-based company.

eResearchTechnology's products enable the pharmaceutical, biotechnology and medical device industries to collect, interpret and distribute cardiac safety and clinical data.

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