Simulations Plus Partners with Large Pharmaceutical Company to Add New Capabilities to PKPlus
LANCASTER, Calif.--(BUSINESS WIRE)--Nov 21, 2019--
Simulations Plus, Inc. (Nasdaq: SLP), the leading provider of modeling and simulation solutions for the pharmaceutical, biotechnology, chemicals, and consumer goods industries, today announced that it has entered into a new funded collaboration with a large pharmaceutical company to enhance the PKPlus ™ software.
“Following a rigorous evaluation of multiple commercial offerings, our partner selected PKPlus as the pharmacokinetics/toxicokinetics (PK/TK) modeling program to support the internal data platform that connects their global teams,” said Joshua Fohey, director of Operations for Simulations Plus. “Our interactions to date have been fantastic, and we look forward to collaboratively designing the next-generation engine that automates the import and mapping of data, selection of calculation templates, and generation of reports within a streamlined, validated system.”
John DiBella, Lancaster division president for Simulations Plus, added: “We have seen increasing adoption of PKPlus for several years and expect this to be accelerated as the functionality added through our collaboration is incorporated into versions that all companies and regulatory agencies can access, starting in 2020. We welcome this interaction and invite future collaborations to drive advances to modeling and simulation sciences.”
About Simulations Plus, Inc.
Simulations Plus, Inc., is a premier developer of drug discovery/development software and a leading provider of both preclinical and clinical pharmacometric consulting services for regulatory submissions and quantitative systems pharmacology models for drug-induced liver injury, drug-induced kidney injury, and nonalcoholic fatty liver disease. Our software is used to conduct drug research by major pharmaceutical, biotechnology, chemical, consumer goods companies and regulatory agencies worldwide. Our innovations in integrating new and existing science in medicinal chemistry, computational chemistry, pharmaceutical science, biology, and physiology into our software have made us the leading provider for physiologically based pharmacokinetic modeling and simulation. Visit us online www.simulations-plus.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like “believe,” “expect” and “anticipate” mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, our ability to identify and close acquisitions on terms favorable to the Company, and a sustainable market. Further information on our risk factors is contained in our quarterly and annual reports and filed with the U.S. Securities and Exchange Commission.
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CONTACT: Simulations Plus Investor Relations
Ms. Renee Bouche
Mr. Cameron Donahue
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMUNICATIONS HEALTH GENERAL HEALTH PHARMACEUTICAL PUBLIC RELATIONS/INVESTOR RELATIONS BIOTECHNOLOGY
SOURCE: Simulations Plus, Inc.
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PUB: 11/21/2019 08:30 AM/DISC: 11/21/2019 08:30 AM