SDGR Schrodinger Inc.

66.18
-1.47  -2%
Previous Close 67.65
Open 67.85
52 Week Low 25.5
52 Week High 99.5
Market Cap $4,598,657,668
Shares 69,487,121
Float 30,097,977
Enterprise Value $3,624,188,531
Volume 2,950,734
Av. Daily Volume 1,264,664
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Latest News

  1. Schrödinger to receive $55 million upfront; eligible to receive up to $2.7 billion in milestone payments plus royalties

    Schrödinger, Inc. (NASDAQ:SDGR), whose physics-based software platform is transforming the way therapeutics and materials are discovered, today announced a discovery collaboration with Bristol Myers Squibb Company (NYSE:BMY) to discover, develop, and commercialize therapeutics in multiple disease areas.

    The multi-year collaboration will combine Schrödinger's leading physics-based computational platform and drug discovery capabilities with Bristol Myers Squibb's expertise in development and commercialization to advance small molecule therapeutics for targets in oncology, immunology, and neurological disorders. The collaboration…

    Schrödinger to receive $55 million upfront; eligible to receive up to $2.7 billion in milestone payments plus royalties

    Schrödinger, Inc. (NASDAQ:SDGR), whose physics-based software platform is transforming the way therapeutics and materials are discovered, today announced a discovery collaboration with Bristol Myers Squibb Company (NYSE:BMY) to discover, develop, and commercialize therapeutics in multiple disease areas.

    The multi-year collaboration will combine Schrödinger's leading physics-based computational platform and drug discovery capabilities with Bristol Myers Squibb's expertise in development and commercialization to advance small molecule therapeutics for targets in oncology, immunology, and neurological disorders. The collaboration includes two of Schrödinger's early-stage programs and additional undisclosed targets. Schrödinger will be responsible for the discovery of development candidates for each of the targets under the collaboration. Bristol Myers Squibb will then be responsible for the development, manufacturing, and commercialization of the candidates.

    "We are delighted to be working with Bristol Myers Squibb, a proven leader in oncology and immunology development, to identify and advance novel therapeutics for patients worldwide," said Karen Akinsanya, Ph.D., Executive Vice President, Chief Biomedical Scientist and Head of Discovery R&D at Schrödinger. "We see tremendous potential in bringing together our drug discovery expertise with Bristol Myers Squibb's depth of experience in development and commercialization."

    "This collaboration is an example of our continued commitment to developing potential clinical candidates that could lead to new therapies in these important disease areas," said Rupert Vessey, M.A., B.M., B.Ch., F.R.C.P., D.Phil., Executive Vice President, Research & Early Development, Bristol Myers Squibb. "Our teams share the goal of transforming how new medicines are discovered and developed and may ultimately benefit patients."

    Terms of the Collaboration

    Under the terms of the agreement, Bristol Myers Squibb will pay Schrödinger $55 million upfront, and Schrödinger will also be eligible to receive up to $2.7 billion in preclinical, development, regulatory and sales-based milestone payments. Additionally, Schrödinger is entitled to receive royalties on net sales of each product commercialized by Bristol Myers Squibb.

    Schrödinger has agreed to grant Bristol Myers Squibb exclusive worldwide rights to develop and commercialize the development candidates generated by the collaboration.

    For more information regarding the financial and other terms of the collaboration, please refer to the Current Report on Form 8-K which will be filed by Schrödinger with the U.S. Securities & Exchange Commission on November 23, 2020.

    About Schrödinger

    Schrödinger is transforming the way therapeutics and materials are discovered. Schrödinger has pioneered a physics-based software platform that enables discovery of high-quality, novel molecules for drug development and materials applications more rapidly and at lower cost compared to traditional methods. The software platform is used by biopharmaceutical and industrial companies, academic institutions, and government laboratories around the world. Schrödinger's multidisciplinary drug discovery team also leverages its software platform to advance collaborative programs and its own pipeline of novel therapeutics to address unmet medical needs.

    Founded in 1990, Schrödinger has over 400 employees and is engaged with customers and collaborators in more than 70 countries. To learn more, visit www.schrodinger.com and follow us on LinkedIn and Twitter.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 including, but not limited to those regarding our expectations about the speed and capacity of our computational platform, our ability to discover novel therapeutics under the collaboration, the potential of our collaboration with Bristol Myers Squibb to develop new therapies, our ability to realize potential milestones, royalties or other payments under the collaboration and the risk that we may not realize the expected benefits of the collaboration. Statements including words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," "would" and statements in the future tense are forward-looking statements. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies, and prospects, which are based on the information currently available to us and on assumptions we have made. Actual results may differ materially from those described in these forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control, including our reliance upon third-party providers of cloud-based infrastructure to host our software solutions, our reliance on third party contract research organizations to assist in the discovery of development candidates, our reliance on Bristol Myers Squibb to perform its obligations to develop and commercialize any development candidates discovered by us under the collaboration, the uncertainties inherent in drug development and commercialization, uncertainties associated with the regulatory review of clinical trials and applications for marketing approvals, the potential impact of the COVID-19 pandemic on our operations or the operations of third parties we rely on, as well as the other risks and uncertainties identified under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2020, as well as future filings and reports by us. Any forward-looking statements contained in this press release speak only as of the date hereof. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events, changes in expectations or otherwise.

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  2. SHANGHAI, Nov. 20, 2020 /PRNewswire/ -- Qiming's portfolio company Antengene (SEHK: 6996) officially listed on the Main Board of The Stock Exchange of Hong Kong Limited today. The issue price is HK$18.08 per share; the stock opens at HK$ 19.6 per share, up 8.41%, with a market cap of HK$ 13.097 billion.

    Antengene public offering shares are oversubscribed for 264 times.

    The listing of Antengene is the 11th successful public listing in our portfolio this year. Qiming started to invest in Antengene in August 2017 as the A round lead investor and followed on in its subsequent financing rounds.

    Antengene is a leading clinical-stage Asia-Pacific biopharmaceutical company focused on innovative oncology medicines. Antengenwe has industry-leading R&D…

    SHANGHAI, Nov. 20, 2020 /PRNewswire/ -- Qiming's portfolio company Antengene (SEHK: 6996) officially listed on the Main Board of The Stock Exchange of Hong Kong Limited today. The issue price is HK$18.08 per share; the stock opens at HK$ 19.6 per share, up 8.41%, with a market cap of HK$ 13.097 billion.

    Antengene public offering shares are oversubscribed for 264 times.

    The listing of Antengene is the 11th successful public listing in our portfolio this year. Qiming started to invest in Antengene in August 2017 as the A round lead investor and followed on in its subsequent financing rounds.

    Antengene is a leading clinical-stage Asia-Pacific biopharmaceutical company focused on innovative oncology medicines. Antengenwe has industry-leading R&D capabilities and differentiated strategic approach to developing novel oncology therapies. The company's vision is to treat patients beyond borders and transform their lives by discovering, developing and commercializing global first-in-class, only-in-class and/or best-in-class therapies.

    Antengene has built a highly selective pipeline of 12 drug assets focused on oncology, including two late-stage clinical assets, four early-stage clinical assets and six pre-clinical stage assets. The company also has nine ongoing clinical trials and five clinical trials planned for initiation, and received nine IND approvals in multiple jurisdictions across the APAC regions.

    Antengene's management team has extensive experience in the commercialization of oncology drugs in the APAC region. The experienced commercial team to ensure the successful commercialization of the drug candidates upon approval.

    "As the first institutional investor in Antengene, we have accompanied the company along with its growth. Dr. Jay Mei has a profound understanding of the research and clinical development of new drugs. The company achieved many milestones in the past three years and has established a distinguished pipeline. IPO might be a small milestone for an ambitious company. We wish the company greater achievement in the future," said William Hu, Managing Partner at Qiming Venture Partners.

    About Qiming Venture Partners

    Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen, Hong Kong, Seattle, Boston and San Francisco Bay Area.

    Currently Qiming Venture Partners manages nine US Dollar funds and six RMB funds with $5.6 billion assets under management. Since our establishment, we have invested in outstanding companies in the TMT and healthcare industries at the early and growing stages.

    Since our debut, we have backed over 370 fast-growing and innovative companies. Over 120 companies are already listed on NYSE, NASDAQ, HKEx, Gretai Securities Market, Shanghai Stock Exchange and Shenzhen Stock Exchange, or achieved exit through M&A and other means. There are also over 30 portfolio companies that have achieved unicorn status.

    Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI), Roborock (SHSE:688169), Gan & Lee (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB), Venus MedTech (SEHK:2500), CanSino (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), WeDoctor Group, UBTech among many others.

    Cision View original content:http://www.prnewswire.com/news-releases/qimings-portfolio-company-antengene-lists-on-main-board-of-hkex-301177830.html

    SOURCE Qiming Venture Partners

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  3. SHANGHAI, Nov. 18, 2020 /PRNewswire/ -- Qiming Venture Partners today announced the final closing of Qiming Venture Partners Fund VII, a $1.2 billion fund focuses on early-stage Healthcare and TMT investments. As of today, this is the largest VC fund raising in 2020 which primarily focuses on China market investments, according to public information. As in prior funds, the vast majority of Fund VII's capital comes from a prestigious group of endowments, foundations, family offices, and private pensions.  

    Fund VII is led by Managing Partners Duane Kuang, Nisa Leung, William Hu, and Gary Rieschel, with the full support of investment and administrative teams based in Shanghai, Beijing, Shenzhen, and Hong Kong.

    Since its inception in 2006, Qiming…

    SHANGHAI, Nov. 18, 2020 /PRNewswire/ -- Qiming Venture Partners today announced the final closing of Qiming Venture Partners Fund VII, a $1.2 billion fund focuses on early-stage Healthcare and TMT investments. As of today, this is the largest VC fund raising in 2020 which primarily focuses on China market investments, according to public information. As in prior funds, the vast majority of Fund VII's capital comes from a prestigious group of endowments, foundations, family offices, and private pensions.  

    Fund VII is led by Managing Partners Duane Kuang, Nisa Leung, William Hu, and Gary Rieschel, with the full support of investment and administrative teams based in Shanghai, Beijing, Shenzhen, and Hong Kong.

    Since its inception in 2006, Qiming has demonstrated its ability to deliver consistent top decile returns for the venture capital field in China. Qiming has backed over 370 fast-growing companies, over thirty of which have achieved unicorn status. A vast majority of these companies were early stage at the time of initial investment. In addition, over forty of our portfolio companies are now public, including Xiaomi, Gan & Lee Pharmaceuticals, Meituan, Bilibili, Roborock, Tigermed, Zai Lab, CanSino Biologics, Sanyou and Venus Medtech. We have more than thirty portfolio companies expecting to IPO soon.

    "International investors are bullish about China's economy and optimistic about the investment return from the China market. They are keen on investing in China's top-tier VC funds," said Duane Kuang, Founding Managing Partner of Qiming Venture Partners.

    Qiming Venture Partners today also announced the first closing of RMB fund VI.

    Qiming continues to be an active investor in 2020, with over 60 investments completed in the TMT and Healthcare sectors. Over 80 of our portfolio companies completed new financing rounds in 2020. We expect to have the 11th successful IPO in our portfolio this year on November 20th.

    "We are very grateful to our LPs for their trust and support over the last 15 years," said Nisa Leung, Managing Partner of Qiming Venture Partners. "Qiming will continue to focus on investing in visionary entrepreneurs to bring long-term value to humanity and society."

    About Qiming Venture Partners

    Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Shenzhen, Hong Kong, Seattle, Boston and the San Francisco Bay Area.

    Currently Qiming Venture Partners manages nine US Dollar funds and six RMB funds with over $5.6 billion assets under management. Since our establishment, we have invested in outstanding companies in the TMT and healthcare industries at the early and growth stages.

    Since our debut, we have backed over 370 fast-growing and innovative companies. Over 120 companies are already listed on NYSE, NASDAQ, HKEx, Gretai Securities Market, Shanghai Stock Exchange and Shenzhen Stock Exchange, or achieved exit through M&A and other means. There are also over 30 portfolio companies that have achieved unicorn status.

    Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab (NASDAQ:ZLAB, SEHK:9688))), Venus MedTech (SEHK:2500), CanSino Biologics (SEHK:6185, SHSE:688185), Schrödinger (NASDAQ:SDGR), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), WeDoctor Group, and UBTech among many others.

    Cision View original content:http://www.prnewswire.com/news-releases/qiming-venture-partners-announces-final-closing-of-us-1-2-billion-fund-vii-301175948.html

    SOURCE Qiming Venture Partners

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