This problem looks identical to something I was helping tech support to diagnose last week with another customer.
It appears that on some systems Session drummer fails to load because some dependencies are missing. (A DLL will not load unless all its dependencies are available)
To troubleshoot this download the Dependency Walker tool from here.
http://www.dependencywalker.comMake sure you install the right 32/64 bit flavor for your system.
Then run dependency walker and open the Session Drummer DLL that is failing to scan. If there is a problem with dependencies you will see an error message. If this happens from the file menu save it as a dependency walkler log file and send it to us or link to it here.
If you scroll through the list you should be able to see which dependency is reported as missing. Once you know that it should be possible to reinstall that. Most likely its a microsoft redistributable that somehow didn't install or got uninstalled.