Simulations Plus, Inc. - SLP STOCK NEWS

Simulations Plus, a leading modeling and simulation software provider, reported a 16% increase in total revenue for Q1 FY2022, reaching $12.4 million. Software revenue grew 19% to $7.4 million, constituting 59% of total revenue. Net income rose 22% to $3.0 million, with diluted EPS increasing to $0.15. The company announced a quarterly dividend of $0.06 per share, payable on February 7, 2022. CEO Shawn O’Connor expressed confidence in achieving 10-15% revenue growth guidance for the fiscal year, driven by an organic growth strategy and enhancements in software offerings.

Simulations Plus, Inc. (NASDAQ: SLP) announced an update to its MonolixSuite platform, enhancing PKanalix, Monolix, and Simulx modules. The update includes a new bioequivalence module with a user-friendly graphical interface for managing various study designs. New features such as R functions for reporting, a parent-metabolite library, and faster calculations for complex models have been introduced. These advancements aim to streamline the workflow for pharmacometricians, helping users conduct more efficient data analyses and simulations.

Simulations Plus, Inc. (NASDAQ: SLP) will report its financial results for Q1 FY 2022, ending November 30, 2021, on January 6, 2022, after market close. A conference call is scheduled for the same day at 5:00 PM ET, where all interested individuals can join by registering online or via phone. The company, a leader in simulation software for drug discovery and development, has been serving clients for 25 years, providing solutions to major pharmaceutical and regulatory firms globally. More information will be available on their website.

Simulations Plus has announced an extension of its distributor agreement in Japan with Northern Science Consulting for its Monolix software. This partnership builds on existing agreements for GastroPlus and ADMET Predictor, enhancing the company's presence in the Japanese pharmaceutical market. The collaboration aims to boost awareness of Monolix and strengthen relationships with local businesses and universities, reflecting a growing user community in the region.

Simulations Plus, Inc. (Nasdaq: SLP) has appointed Sharlene Evans to its Board of Directors, replacing retiring board member David L. Ralph. Evans brings over 25 years of experience in operations and human resources, previously serving as Chief People Officer at Myrtle Consulting Group. She will participate in the Audit and Compensation committees and stand for election at the company’s Annual General Meeting in February 2022. This leadership change aims to strengthen talent management as the company seeks continued growth in the modeling and simulation software sector.

Simulations Plus (Nasdaq: SLP) presented findings at The Liver Meeting that connect yo-yo dieting to increased placebo response rates in clinical trials for non-alcoholic steatohepatitis (NASH). The research suggests that minor dietary changes can significantly reduce fibrosis scores, a critical measure for treatment efficacy. This insight could aid in addressing the perplexing high placebo response rates observed in numerous clinical trials, potentially improving the viability of various treatment candidates for NASH.

Simulations Plus (Nasdaq: SLP) has launched RENAsym version 1A, a quantitative systems toxicology software aimed at predicting drug-induced kidney injuries. This new platform expands the company's capabilities beyond liver safety, enhancing its consulting services for drug developers. RENAsym helps identify risks associated with new therapeutics and key biochemical events related to kidney injury, supporting critical go/no-go decisions in drug development. The platform was developed with funding from the National Institutes of Health.