Item 1.01. Entry into a Material Definitive Agreement. On April 21, 2026, Certara, Inc. (the “Company”), together with certain of its subsidiaries, entered into a Purchase Agreement (the “Purchase Agreement”) with Veristat, LLC and certain of its affiliates (collectively, “Veristat”), pursuant to which the Company agreed to sell its global medical writing and related regulatory services business (…
Certara transforms drug discovery and development for good, helping scientists and clinical teams generate regulatory-grade evidence faster. Its solutions combine biosimulation, clinical intelligence, and regulatory science, and are embedded in the workflows of drug developers worldwide. Certara clients include more than 2,600 biopharmaceutical companies, academic institutions, and global regulatory agencies. Learn more at certara.com.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive
Agreement.
On April 21, 2026, Certara, Inc. (the “Company”),
together with certain of its subsidiaries, entered into a Purchase Agreement (the “Purchase Agreement”) with Veristat, LLC
and certain of its affiliates (collectively, “Veristat”), pursuant to which the Company agreed to sell its global medical
writing and related regulatory services business (the “Business”) to Veristat. The transaction will be effected through the
sale of all of the equity interests of certain Company subsidiaries that conduct the Business and the sale of certain assets related to
the Business.
Veristat has agreed to pay aggregate cash consideration
of $100 million, subject to certain post-closing adjustments for working capital, indebtedness, transaction expenses and other similar
matters, and subject to additional contingent consideration of up to $35 million in the form of an earn-out based on the financial performance
of the Business for a specified period following closing. If certain items are not satisfied at the closing, then up to $15 million of
the purchase price to be paid at closing will be held in escrow and released to the Company upon satisfaction of such items.
The closing of the transactions contemplated by
the Purchase Agreement is subject to customary closing conditions, including the absence of legal restraints, the accuracy of certain
representations and warranties, compliance with covenants in all material respects, the absence of a material adverse effect on the Business
and completion of specified internal reorganization steps. At the closing of the transactions contemplated by the Purchase Agreement,
the parties will enter into certain ancillary agreements, including a transition services agreement.
The foregoing summary of the Purchase Agreement
and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Purchase
Agreement. The Purchase Agreement, when filed, will be to provide investors and security holders with information regarding its terms.
It is not intended to provide any other factual information about the Company, Veristat or any other party to the Purchase Agreement.
The representations, warranties and covenants of each party set forth in the Purchase Agreement were made only for purposes of the Purchase
Agreement and as of specific dates, were solely for the benefit of the parties thereto, may be subject to limitations agreed upon by the
parties, including being qualified by confidential disclosures made for the purpose of allocating contractual risk between the parties
instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the parties that differ from
those applicable to investors. The Company’s investors and security holders are not third-party beneficiaries under the Purchase
Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the
actual state of facts or condition of the Company, Veristat or any of their respective subsidiaries or affiliates. Moreover, information
concerning the subject matter of the representations and warranties may change after the date of the Purchase Agreement, and such subsequent
information may or may not be fully reflected in the Company’s public disclosures. The Purchase Agreement should not be read alone
but should instead be read in conjunction with the other information regarding the Company that is or will be contained in, or incorporated
by reference into, the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents that the Company
files with the Securities and Exchange Commission.
Filed exhibits (1)
EX-99.1 (by filename) tm2612400d1_ex99-1.htm
EX-99.1
2
tm2612400d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Certara Enters Definitive Agreement for the
Sale of its Regulatory and Medical Writing Business to Veristat
Transaction sharpens focus on Model-Informed
Drug Development (MIDD) and Clinical Intelligence
Updated 2026 guidance to be provided upon transaction
close
RADNOR, Pa., April 22, 2026 - Certara, Inc. (Nasdaq: CERT), a
global leader in model-informed drug development, today announced that it has entered into a definitive agreement to sell its Regulatory
and Medical Writing business to Veristat for a consideration of up to $135 million. The transaction is expected to close during the second
quarter of 2026 subject to customary closing conditions.
“Certara’s strategy is centered on expanding the scale,
reach, and impact of our MIDD and Clinical Intelligence solutions,” said Jon Resnick, Chief Executive Officer. “This transaction
underlines our commitment to the acceleration of AI-integrated modeling and simulation across the drug development lifecycle.”
In 2025, the Regulatory and Medical Writing business generated $50
million in revenue and $17 million in adjusted EBITDA, excluding unallocated overhead expense.…