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Simulations Plus Releases MedChem Studio Version 4.0 and MedChem Designer 3.0

Companies mentioned in this article: Simulations Plus, Inc.

LANCASTER, Calif. -- (BUSINESS WIRE) -- Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of consulting services and software for pharmaceutical discovery and development, today announced that it has released version 4.0 of its powerful MedChem Studio™ and version 3.0 of its companion MedChem Designer™ software.

Dr. David Miller, team leader for Discovery Cheminformatics at Simulations Plus, said: “One of the primary new features of this version is the ability to recognize chemical structures from images on the screen. Sometimes called ‘optical structure recognition,’ or ‘OSR,’ this feature makes it very simple for a user to capture structures from documents such as web pages, PowerPoint presentations and PDF files without having to manually draw them. Internally, we have found that having the functionality to recognize screen images has been a valuable time-saving tool for our scientists who frequently work with chemistry-related documents.”

Dr. Miller continued: “In addition to OSR, we are for the first time releasing a version of MedChem Studio with 64-bit architecture, enabling the program to use all of the available memory on the customer’s computer, overcoming the 2GB limit intrinsic to all 32-bit software. Since personal computers now routinely support 8GB and more of RAM, the 64-bit version will allow users to handle data sets of practically unlimited size, something that is increasingly important in the pharmaceutical sciences. In addition, this version supports using multiple processors in the same computer for certain operations that require extensive computations, resulting in significant time savings.”

Mr. John DiBella, vice president for marketing and sales for Simulations Plus, added: “MedChem Studio and MedChem Designer are two of the three elements of our ADMET Design Suite™, which we used in our two recent NCE (new chemical entity) molecule design projects for malaria and COX-2/COX-1 inhibitors. Along with our ADMET Predictor™ software for property predictions, MedChem Studio and MedChem Designer have enabled us to design lead molecules that have had a 100% hit rate on their targets in a fraction of the time and cost that would normally be required. As far as we know, it is unprecedented for a software company to take the risk of announcing beforehand that it was going to design new molecules and have them synthesized and tested, and then to report the results, come what may. Prototypes of these new versions of MedChem Studio and MedChem Designer were used along with a beta version of the recently released ADMET Predictor 7.0 in the latest COX-2/COX-1 NCE project, in which the molecules were required to show activity for not just one target, but for two targets at the same time. We believe these demonstrations of the capabilities of the ADMET Design Suite speak for themselves.”

About Simulations Plus, Inc.

Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development simulation and modeling software, which is licensed to and used in the conduct of drug research by major pharmaceutical, biotechnology, agrochemical, and food industry companies worldwide. Simulations Plus, Inc., is headquartered in Southern California and trades on the NASDAQ Capital Market under the symbol “SLP.” For more information, visit our web site 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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Contact:

Simulations Plus Investor Relations
Ms. Renée Bouché, 661-723-7723
renee@simulations-plus.com
or
Hayden IR
Mr. Cameron Donahue, 651-653-1854
cameron@haydenir.com