To: Loren S. who wrote (8337 ) 12/17/1999 9:59:00 AM From: Loren S. Read Replies (1) | Respond to of 9440
SIMU is a real sleeper of a stock with a very low float that is going to go much higher in time: Simulations Plus Receives Global Order From Roche for All Three Pharmaceutical Software Products LANCASTER, Calif./Nutley, N.J.--(BUSINESS WIRE)--Dec. 16, 1999-- GastroPlus(tm), GastroPlus(tm) Optimization Module, and QMPRPlus(tm) To Be Shipped to All of Roche's Pharmaceutical Research Centers Worldwide Simulations Plus Inc. (OTCBB:SIMU) (www.simulations-plus.com), a premier developer of drug discovery and development simulation software for the pharmaceutical industry, today announced that it has received a global order from Hoffmann-La Roche Inc. (Roche) for all three of its current pharmaceutical software products. Licenses for each of these three software products, which include GastroPlus(tm), GastroPlus(tm) Optimization Module, and QMPRPlus(tm), will be issued to each of Roche's global research centers. Terms of this purchase were not disclosed. "Our global organization continues to search for predictive tools that will assist us in identifying quality clinical candidates," stated Dr. Louis Renzetti, research director, Discovery Pharmacology at Roche. "We are very impressed with the use of this technology so far, which represents a ready-made solution, and believe it will enable us to select more effective clinical candidates and then also chart their pharmacokinetic profiles once they are in the clinic." Walt Woltosz, chairman and chief executive officer of Simulations Plus, said: "We are extremely pleased that Roche has selected our software to support its research in the area of oral absorption. This order, coming after a year of use of GastroPlus(tm) at the Nutley research center, confirms the value of our software in support of reducing the time and costs to bring new drugs to market. We look forward to continuing the excellent relationship that has developed between Roche and Simulations Plus." Simulations Plus is a premier developer of groundbreaking drug discovery and development software, which is licensed to and used in the conduct of drug research by pharmaceutical companies worldwide. The Company has two other businesses, Words+ Inc. and FutureLab(tm), which are based on its proprietary software technologies and which provide support for the emerging pharmaceutical enterprise. Simulations Plus has headquarters in Southern California and trades on the OTCBB under the symbol "SIMU." Hoffmann-La Roche Inc. (Roche), based in Nutley, N.J., is the U.S. prescription drug unit of the Roche Group, a leading research-based health care enterprise that ranks among the world's leaders in pharmaceuticals, diagnostics, vitamins, and fragrances and flavors. Roche discovers, develops, manufactures and markets numerous important prescription drugs that enhance people's health, well-being and quality of life. Among the company's areas of therapeutic interest are: virology, including HIV/AIDS and hepatitis C; infectious diseases, including influenza; cardiology; neurology; oncology; transplantation; dermatology; and metabolic diseases including obesity and diabetes. For more information on the Roche pharmaceuticals business in the United States, visit the company's Web site at: rocheusa.com . Safe Harbor Statement Under the Private Securities Litigation Reform 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: continuing demand for the Company's products; competition, continuing customer acceptance of the Company's products and acceptance of the Company's new products. 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. CONTACT: Simulations Plus Inc., Lancaster Ron Creeley, 661/723-7723 or Banchik & Associates, Solvang, Calif. Doris Banchik, 805/688-2340 or Hoffmann-La Roche Inc., Nutley Darien E. Wilson, 973/562-2232 KEYWORD: CALIFORNIA NEW JERSEY