100 F
San Fernando
Tuesday, Apr 23, 2024

Chinese Drug Agency Licenses Simulations Plus Software

Simulations Plus Inc. received an order from China’s drug evaluation agency to license its GastroPlus product.Financial terms of the deal between the Lancaster drug modeling software developer and the Center for Drug Evaluation of the National Medical Products Administration in China were not disclosed.John DiBella, Simulations Plus division president said, the company has cultivated relationships with different institutions affiliated with China’s National Medical Products Administration to use its technology for the evaluation of drug specifications and bioequivalence.“Now, researchers at the CDE will add GastroPlus to serve as a key platform for model-informed drug development to aid regulatory reviews,” DiBella said in a statement. “This news is welcomed by over 20 (and growing) domestic Chinese pharmaceutical companies and research hospitals that have been employing our technologies.”Shares of Simulations Plus (SLP) closed down 27 cents, or a fraction of a percent, to $46.66 on the Nasdaq, on a day when that market closed up a fraction of a percent.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

Featured Articles

Related Articles