Skip to main content
Premium Trial:

Request an Annual Quote

Simulations Plus Says Acquisition Target Has Chosen a Rival Suitor

Premium

Simulation and modeling software firm Simulations Plus said this week that an undisclosed firm it has been pursuing for six months as a potential acquisition candidate has declined its offer.

Walt Woltosz, chairman and CEO of the firm, said in a statement that the acquisition target, which would have been an addition to the pharmaceutical software and services side of its business, "is no longer under consideration."

Woltosz said that Simulations Plus was "in competition with another suitor, and although the offers were essentially equal, the company we wanted to acquire decided to pursue the other offer."

The acquisition target is currently in a 45-day period of finalizing that deal. If the agreement does not go through for any reason, "we will be able to reopen discussions with that acquisition target,” he said.

Woltosz added that during the course its due diligence for the acquisition over the last six months, "we identified several other opportunities and we are investigating them at this time."

He said that "a major responsibility" of Michael Pelekis, who the company just appointed as director of business development (see "People in the News," this issue), will be to "investigate the acquisition opportunities we know about today, as well as to identify new ones that would provide both top-line and bottom-line growth for the company.”

Filed under

The Scan

Two J&J Doses

Johnson & Johnson says two doses of its SARS-CoV-2 vaccine provides increased protection against symptomatic COVID-19, CNN reports.

Pfizer-BioNTech Vaccine Response in Kids

The Pfizer-BioNTech SARS-CoV-2 vaccine in a lower-dose format appears to generate an immune response among children, according to the Washington Post.

Chicken Changes to Prevent Disease

The Guardian writes that researchers are looking at gene editing chickens to help prevent future pandemics.

PNAS Papers on Siberian Dog Ancestry, Insect Reproduction, Hippocampal Neurogenesis

In PNAS this week: ancestry and admixture among Siberian dogs, hormone role in fruit fly reproduction, and more.