SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus supplement and the accompanying prospectus and the documents we incorporate by reference herein and therein contain “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which are subject to the “safe harbor” created by those sections. All statements, other than statements of historical facts included in, or incorporated by reference in, this prospectus, including statements concerning our plans, objectives, goals, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, business trends and other information, may be forward-looking statements.
Words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” and variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not historical facts, or guarantees of future performance and are based upon our current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond our control. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.
There are a number of risks, uncertainties and other important factors, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking statements contained in, or incorporated by reference in, this prospectus. Such risks, uncertainties and other important factors that could cause actual results to differ include, among others, the risks, uncertainties and factors set forth under the sections entitled “Risk Factors” in our Annual Report, which is incorporated by reference herein, as such risk factors may be updated from time to time in our periodic filings with the SEC, and are accessible on the SEC’s website at www.sec.gov, and also include the following:
•
our ability to compete within our market;
•
any deceleration in, or resistance to, the acceptance of model-informed biopharmaceutical discovery;
•
changes or delays in government regulation relating to the biopharmaceutical industry;
•
increasing competition, regulation and other cost pressures within the pharmaceutical and biotechnology industries;
•
trends in R&D spending, the use of third parties by biopharmaceutical companies and a shift toward more R&D occurring at smaller biotechnology companies;
•
our ability to successfully enter new markets, increase our customer base and expand our relationships with existing customers;
•
our ability to retain key personnel or recruit additional qualified personnel;
•
consolidation within the biopharmaceutical industry;
•
reduction in the use of our products by academic institutions;
•
pricing pressures due to increased customer utilization of our products;
•
the occurrence of natural disasters and epidemic diseases, including the ongoing COVID-19 pandemic, which may result in delays or cancellations of customer contracts or decreased utilization by our employees;
•
any delays or defects in our release of new or enhanced software or other biosimulation tools;
•
failure of our existing customers to renew their software licenses or any delays or terminations of contracts or reductions in scope of work by our existing customers;
•
our ability to accurately estimate costs associated with our fixed-fee contracts;
•
risks related to our contracts with government customers, including the ability of third parties to challenge our receipt of such contracts;
•
our ability to sustain recent growth rates;