Apotex Licenses Full Suite of Simulations Plus Software; Canada's Top Pharmaceutical Company To Save Time and Money Through Predictive Capability.Business Editors & Health/Medical Writers LANCASTER, Calif.--(BUSINESS WIRE)--Aug. 13, 2001 Simulations Plus Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SIMU SIMU Sorry I Missed You ) (www.simulations-plus.com), the leading provider of ADMET ADMET Acyclic Diene Metathesis ADMET Absorption, Distribution, Metabolism, Excretion, and Toxicity (drug properties) neural net neural network also neural net n. A real or virtual device, modeled after the human brain, in which several interconnected elements process information simultaneously, adapting and learning from past patterns. Noun 1. and absorption simulation software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. for pharmaceutical discovery and development, today announced that Apotex Pharmaceuticals of Weston, Ontario, Canada has licensed its state-of-the-art GastroPlus(TM) and QMPRPlus(TM) software tools. Apotex is the first Canadian firm to license these programs, increasing the number of countries with Simulations Plus software to ten. Apotex will use the revolutionary software to evaluate the potential effectiveness of new chemical entities as oral doses in activities ranging from early discovery to late-stage development. "We are very pleased to welcome Apotex to our continually growing list of customers," said Walt Woltosz, chairman and chief executive officer of Simulations Plus. "GastroPlus is the only simulation tool we know of that allows companies like Apotex to accurately assess the potential effectiveness and pitfalls of potential drugs as oral doses prior to extensive human trials. This can be crucial to not only selecting the best lead compound from several candidates for a particular therapeutic target, but even to making an important go/no-go decision for an entire project. "It is an unfortunate part of drug development that most projects fail, and many because of problems in oral delivery. So the sooner such problems can be identified, the more time and money are saved either by some type of corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or , or by terminating a project that has no hope of succeeding. Forward-thinking companies like Apotex have recognized the value of state-of-the-art predictive tools to assess and minimize risks for acceptable oral delivery." Apotex Inc. was founded in 1974, and is the largest Canadian-owned pharmaceutical company. From its two-employee, 5,000-square-foot beginning, the company has grown to employ over 4,500 people in research, development, manufacturing and distribution facilities worldwide. The Canadian operations of the Apotex Group of Companies with 4,000 employees now occupy over 2.0 million square feet in Montreal, Richmond Hill Richmond Hill may refer to: Places:
Apotex, which began research into new chemical entities in 1992, is best known for its more than 180 generic pharmaceuticals in approximately 450 dosages and formats which, in Canada, are used to fill over 40 million prescriptions a year -- the largest amount of any pharmaceutical company in Canada. In addition to its use in new drug discovery and development by the Innovative Drug Development Group of Apotex, it will be employed in early generic drug generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. development as well. Simulations Plus Inc. is a premier developer of groundbreaking drug discovery and development simulation software, which is licensed to and used in the conduct of drug research by major pharmaceutical and biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. worldwide. The Company has two other businesses, Words+, Inc. and FutureLab(TM), which are based on its proprietary software technologies. Simulations Plus Inc. has headquarters in Southern California and trades on the OTCBB under the symbol "SIMU.OB." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995 -- With the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: the number of additional drug delivery companies that actually adopt simulation technology, continuing competitive advantage of the Company's products, the economics of the pharmaceutical industry, the availability of working capital and a sustainable market. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. |
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