Form 8-K SIMULATIONS PLUS INC For: Apr 06

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

April 6, 2016

(Date of the earliest event reported)

 

 

Simulations Plus, Inc.

(Exact name of registrant as specified in its charter)

 

 

California	001-32046	95-4595609
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

 

 

42505 10^th Street West, Lancaster, California 93534-7059

(Address of principal executive offices) (Zip Code)

 

 

661-723-7723

Registrant's telephone number, including area code

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[_] Soliciting material pursuant to Rule 14z-12 under Exchange Act (17 CFR 240.14a-12)

 

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b))

 

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

 

Item 8.01     Other Events

 

On April 6, 2016, Simulations Plus, Inc., a California corporation (the "Company"), issued a press release announcing that it has been awarded a $4.7 million, five-year contract by a major research foundation that prefers to remain anonymous, contingent on satisfactory completion of project milestones. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information contained in this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth in this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this report on Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

 

This Current Report on Form 8-K may contain forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Exchange Act. The forward-looking statements in this Current Report on Form 8-K are not historical facts, do not constitute guarantees of future performance and are based on numerous assumptions which, while believed to be reasonable, may not prove to be accurate. Any forward-looking statements in this Current Report on Form 8-K do not constitute guarantees of future performance and involve a number of factors that could cause actual results to differ materially, including risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. The Company assumes no obligation to update any forward-looking information contained in this Current Report or with respect to the announcements described herein.

 

Item 9.01     Financial Statements and Exhibits

 

(d)     Exhibits

 

99.1

Press release issued on April 6, 2016.

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

	SIMULATIONS PLUS, INC.
Dated: April 7, 2016	By:	/s/ John R. Kneisel
		John R. Kneisel Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

Exhibit 99.1

 

 

For Further Information:

Simulations Plus, Inc.

42505 10^th Street West

Lancaster, CA 93534-7059

 

CONTACT:
Simulations Plus Investor Relations	Hayden IR
Ms. Renee Bouche	Mr. Cameron Donahue
661-723-7723	651-653-1854
[email protected]	[email protected]

 

For Immediate Release:

April 6, 2016

 

 

Simulations Plus Signs 5-year Consulting Agreement with Major Research Foundation

 

Project provides ~$4.7 million over 5 years to implement a
platform for global teams engaged in model-based drug development

 

Buffalo, NY, April 6, 2016 – Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of modeling and simulation software for pharmaceutical discovery and development, today announced that it has been awarded a $4.7 million, five-year contract by a major research foundation that prefers to remain anonymous, contingent on satisfactory completion of project milestones. The agreement involves expansion and further development of KIWI™, a proprietary, cloud-based software platform to support modeling and simulation activities. Together, Simulations Plus and the foundation plan to utilize the enhanced KIWI as an integral driver of the foundation’s efforts to support groundbreaking approaches to reducing the burden and accelerating progress toward eradication of underserved diseases.

 

KIWI leverages the extensive business process research that has been performed by the Buffalo, NY division of Simulations Plus (Cognigen Corporation), to support model-based decision making across the research and development (R&D) lifecycle. KIWI is used to efficiently organize, process, and communicate modeling and simulation results. The enhancements to KIWI that will be made during this contract effort will provide a scaffold with broad applicability to other therapeutic areas and will be available to industry and academic clients of KIWI.

 

Dr. Ted Grasela, president of Simulations Plus, said: “Our collective vision for this initiative is to deploy an innovative, collaborative infrastructure, incorporated into the KIWI platform, that will remove the barriers to communication amongst global team members. The platform will serve as a framework for the interdisciplinary collaboration required to develop informative disease-drug models that make optimal use of existing and emerging scientific research in underserved disease drug development. Ultimately, the goal is to reduce the risks and cost of drug development and speed the delivery of new life-saving medicines.”

 

“We are very excited about the opportunities that arise from this project,” Grasela continued. “There is a remarkable, global community of scientists working through this foundation’s funding. This initiative provides much-needed support in terms of computer processing power and organizational and communication tools for complex modeling and simulation projects. We look forward to working with the scientists, not-for-profit organizations, and for-profit pharmaceutical and biotechnology companies who are partnering in the research areas funded by this organization.

 

 

 

 

Walt Woltosz, chairman and chief executive officer of Simulations Plus, Inc., said: “The increasing use of modeling and simulation to support pharmaceutical R&D requires that we rethink business processes. This project demonstrates that the excellent work that Ted and our Buffalo division have performed will be instrumental in reshaping the R&D enterprise to maximize the value delivered by modeling and simulation efforts.”

 

About Simulations Plus, Inc.

 

Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development software, which is licensed to and used in the conduct of drug research by major pharmaceutical and biotechnology companies worldwide. The company is a global leader focused on improving the ways scientists use knowledge and data to predict the properties and outcomes of pharmaceutical and biotechnology agents. Our innovations in integrating new and existing science in medicinal chemistry, computational chemistry, pharmaceutical science, biology, and physiology into our software have made us the leading software provider for physiologically based pharmacokinetic modeling and simulation as well as a leading provider of both preclinical and clinical pharmacometric consulting services for regulatory submissions. For more information, visit our website at www.simulations-plus.com.

 

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like “believe,” “expect” and “anticipate” mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, our ability to identify and close acquisitions on terms favorable to the Company, and a sustainable market. Further information on our risk factors is contained in our quarterly and annual reports as filed with the U.S. Securities and Exchange Commission.

 

 

 

 

 

 

 

 

 

 

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