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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:02 EDTSLPSimulations Plus signs new partnership agreement in China
Simulations Plus announced that it has signed a distributor agreement with the Research Institute for Liver Diseases in Shanghai, People’s Republic of China.
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July 25, 2014
07:36 EDTSLPSimulations Plus to host conference call
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July 24, 2014
05:36 EDTSLPSimulations Plus to acquire Cognigen for $7M
Simulations Plus announced that it has entered into an Agreement and Plan of Merger with Cognigen Corporation of Buffalo, New York. Pursuant to the Agreement, upon closing, Cognigen will become a wholly-owned subsidiary of Simulations Plus and will continue to operate under the Cognigen name. This will result in the total number of Simulations Plus employees increasing from 30-65, and is expected to add approximately $5M to the revenues of the combined company in the coming fiscal year. Under the terms of the Agreement, Simulations Plus will pay the shareholders of Cognigen total consideration of $7M, comprised of $2.8M of cash and $4.2M worth of newly-issued, unregistered shares of common stock of Simulations Plus. The Agreement provides that $1.8M of the total consideration will be held back for two years to satisfy any indemnifiable claims that may arise pursuant to the terms of the Agreement.
July 14, 2014
07:20 EDTSLPControlled Released Society to hold annual meeting
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