A maker of biosimulation software that lets drug developers test medicines in virtual patients before real trials, Certara's tools include Simcyp, Phoenix, and Chemaxon, and are used by researchers and regulators around the world. It was formed in 2008 from the merger of Tripos and Pharsight, two pioneers in molecular modeling and clinical trial simulation. The coined name "Certara" echoes the word certainty — a nod to its aim of making drug development more predictable.
Certara corrects misstatement about divested business's 2025 adjusted EBITDA
On August 4, 2026, Certara hosted its Q2 2026 earnings call and posted its earnings presentation, which contained a misstatement.
Show detailsHide details
The spoken and presentation materials incorrectly said the divested Regulatory and Medical Writing business generated approximately $17 million of 2025 adjusted EBITDA excluding unallocated overhead costs.
The correct figure is approximately $17 million including unallocated overhead costs; excluding unallocated corporate expense that will remain with Certara, the figure is approximately $23 million.
An updated version of the Q2 2026 earnings presentation has been posted on Certara's website at ir.certara.com under 'Financials & Filings—Quarterly Results'.
The clarification has no impact on previously reported financial results, year-over-year comparisons, or the company's 2026 Financial Outlook.
Certara announces departure of President and Chief Commercial Officer Leif E. Pedersen, effective August 1, 2026.
Mr. Pedersen will remain as an employee in a Senior Advisor role assisting with transition matters until December 31, 2026.
Show detailsHide details
Leif E. Pedersen departed as President and Chief Commercial Officer of Certara, Inc., effective August 1, 2026.
The company announced the departure on August 4, 2026.
His employment will terminate without cause on December 31, 2026, and he will receive severance benefits per his existing employment agreement and the company's Executive Officer Severance Policy.
The employment agreement with Certara USA, Inc. is dated July 30, 2020.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Certara CFO John Gallagher to resign; Faiz Mohammed named Interim CFO
John E. Gallagher III, Senior Vice President and CFO of Certara, Inc., tendered his resignation on June 11, 2026, to pursue another opportunity.
Show detailsHide details
Gallagher will continue as CFO through July 14, 2026, and will assist with the transition through the closing of the quarterly period ending June 30, 2026.
Faiz Mohammed, age 53, was appointed Interim CFO, principal financial officer, and principal accounting officer, effective July 15, 2026.
Mohammed has served as Senior Vice President, Finance and Treasurer since 2018 and has over 25 years of finance and accounting experience.
Certara reaffirmed its 2026 financial guidance provided on May 11, 2026, in connection with the CFO transition announcement.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Certara reports Q1 2026 revenue of $106.9M, net loss of $8.8M, and updates 2026 guidance after divestiture.
Q1 2026 total revenue was $106.9 million, up 1% year-over-year from $106.0 million.
Show detailsHide details
Software revenue grew 7% to $49.7 million; services revenue declined 4% to $57.2 million.
Net loss was $8.8 million versus net income of $4.7 million in Q1 2025; adjusted EBITDA was $31.7 million, down 9%.
On May 8, 2026, Certara completed the sale of its medical writing and related regulatory services business to Veristat for $85.0 million cash, with $15 million in escrow and up to $35 million earn-out.
Certara agrees to sell Regulatory and Medical Writing business to Veristat for up to $135 million
Certara, Inc. entered into a Purchase Agreement on April 21, 2026 to sell its global medical writing and related regulatory services business to Veristat, LLC and its affiliates.
Show detailsHide details
Veristat will pay $100 million in cash at closing, subject to post-closing adjustments, plus up to $35 million in earn-out contingent consideration based on the Business's financial performance.
Up to $15 million of the closing purchase price may be held in escrow if certain closing items are not satisfied.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions including absence of legal restraints and completion of internal reorganization steps.
The Business generated $50 million in revenue and $17 million in adjusted EBITDA in 2025, and includes approximately 220 employees.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits