eResearchTechnology Inc. (NSDQ:ERES) is dropping its current ticker symbol for ERT.
The change takes effect March 7. The company will continue to be traded on the NASDAQ market.
The Philadelphia, Pa.-based clinical consulting firm is known commonly to its customers and investors as ERT, and the trading symbol change reflects the company’s brand, according to interim CEO Dr. Joel Morganroth.
"ERT has evolved as a strong brand under which we operate, and this change to our trading symbol is intended to properly align our business brand with the investment community," he said in prepared remarks.
Morganroth took over for Dr. Michael McKelvey who retired last December. The company last week also announced the recent addition of Eric Schwartz as chief legal officer.
