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TSRL to End Arrangement with Software Licensee

June 20, 2014

Therapeutic Systems Research Laboratories, (TSRL) has entered into a Termination and Non-Assertion Agreement with Simulations Plus.

Under the terms of the Agreement, SLP and TSRL agreed to terminate the Exclusive Software Licensing Agreement, under which TSRL licensed to SLP Software Technology and Databases in return for royalty payments. SLP will pay TSRL a total consideration of $6 million.

More information and complete details:

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Source: Manufacturing Close - Up

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