Certara Acquires Applied BioMath; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Certara, a global leader in biosimulation, has acquired Applied BioMath, a company specializing in mechanistic modeling for biotechnology and pharmaceutical companies. The financial terms of the deal were not disclosed.
December 13, 2023 | 9:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Certara has acquired Applied BioMath, enhancing its biosimulation services for the biotech and pharma sectors. Financial details of the acquisition were not revealed.
The acquisition of Applied BioMath is likely to be viewed positively as it enhances Certara's service offerings in the biotech and pharmaceutical space. The lack of financial details may limit the ability to fully assess the impact, but strategically, the acquisition is likely to be beneficial. The news could lead to a short-term positive sentiment among investors, potentially driving the stock price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80