Simulations Plus Announces U.S. FDA Renews DILIsym Software Licenses For 7th Year
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Simulations Plus, Inc. (NASDAQ:SLP) announced the U.S. FDA has renewed its licenses for the DILIsym software platform for the 7th consecutive year. DILIsym is a leading quantitative systems toxicology software used to predict and investigate drug-induced liver injury (DILI), supporting the FDA's drug evaluation and approval process. The renewal allows FDA employees across all divisions continued access to DILIsym. The software plays a crucial role in understanding DILI risk in new molecules and tailoring dosing strategies for safety and efficacy. Simulations Plus has led the DILI-sim Initiative for 14 years, a public-private partnership guiding DILIsym's development.
April 04, 2024 | 12:36 pm
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Simulations Plus, Inc. (NASDAQ:SLP) announced the renewal of the U.S. FDA licenses for DILIsym software, marking the 7th consecutive year of partnership. This renewal underscores the importance of DILIsym in the FDA's drug evaluation process and highlights Simulations Plus's role in advancing drug safety and efficacy through its software solutions.
The renewal of the FDA licenses for DILIsym software by Simulations Plus is a significant endorsement of the software's value and effectiveness in the drug evaluation process. This continued partnership with the FDA not only validates the importance of DILIsym in predicting and investigating drug-induced liver injury but also positions Simulations Plus favorably in the market. The announcement is likely to be viewed positively by investors, as it demonstrates the company's ongoing relationship with a key regulatory body and its critical role in drug safety and efficacy, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.
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