Simulations Plus, Inc. (Nasdaq: SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, announced today that it has signed a collaboration agreement with a top-5 pharmaceutical company to add a transdermal and subcutaneous dosing model within its industry gold standard GastroPlus™ simulation software program.
Walt Woltosz, chairman and chief executive officer of Simulations Plus, said, “We’re very pleased to announce this second funded collaboration this month, which will extend and enhance the GastroPlus simulation model for drug dosing via transdermal and subcutaneous dosing through a variety of dosage forms. Our funded collaborations enable us to extend the competitive advantage of GastroPlus without the need for Simulations Plus to fund the development directly. These will include skin creams, patches, and microneedles for dosing through the skin, as well as injections below the skin in the subcutaneous model.”
John DiBella, vice president of marketing and sales for Simulations Plus, added, “We continue to expand the capabilities of GastroPlus, extending our competitive advantage, as evidenced by this second new funded collaboration. We expect this agreement to augment our steady growth in software licensing revenues, and make up for the lack of collaboration funding in recent quarters when compared to their year-previous quarters, as well as adding to the revenue growth we’ve experienced.”