Simulations Plus Acquires Bioreason for $788K

Simulations Plus said last week that it has acquired all assets of Santa Fe, NM-based cheminformatics firm Bioreason in an all-cash transaction for approximately $788,000.

Through the transaction, Simulations Plus acquired software, source code, two patents, trademarks, marketing and sales information, and all other fixed assets.

The purchase follows the company's acquisition of Sage Informatics in September [BioInform 09-12-05].

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