Schr枚dinger and Novartis Forge Partnership to Scale Computational Drug Discovery

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Partnership to Scale Computational Drug Discovery</h1> </header> <footer class="post-meta"> <div class="tooltip"> <span class="glyphicon glyphicon-pencil"></span> by <a href="/contributor/743/">Roman Kasianov</a> </span>    <span style="white-space: nowrap;"> <span class="glyphicon glyphicon-folder-open"></span>   News </span> <div class="tooltip-text"> <div class="tooltip-close" onclick="this.parentElement.parentElement.classList.toggle('tooltip-show');"></div> <p><b>Disclaimer</b>: All opinions expressed by Contributors are their own and do not represent those of their employers, or BiopharmaTrend.com. <br> Contributors are fully responsible for assuring they own any required copyright for any content they submit to BiopharmaTrend.com. This website and its owners shall not be liable for neither information and content submitted for publication by Contributors, nor its accuracy.</p> </div> </div> <div> <span class="glyphicon glyphicon-calendar" title="Published on"></span> <time datetime="2024-11-12">Nov. 12, 2024</time>    </em> </div> <div class="tags"> <b>Topics: </b> <a href="/topic/startups/">Startups & Deals</a>    </div> <div> <strong>Share: </strong>   <a target="_blank" rel="nofollow" href="https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in LinkedIn" src="/static/img/soc-in.7bc286fd757e.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://www.reddit.com/submit?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in Reddit" src="/static/img/soc-reddit.342e87a07115.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in X" src="/static/img/soc-x.3c80e8291cba.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://news.ycombinator.com/submitlink?u=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in Hacker News" src="/static/img/soc-y.587f16a5f3f3.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/&display=page"> <img alt="Share in Facebook" src="/static/img/soc-fb.3031a5a810f0.png" width="28" height="28" /></a>  <a target="_blank" rel="nofollow" href="mailto:?subject=Biopharmatrend.com&body=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Send by email" src="/static/img/soc-mail.41ce3608f438.png" width="28" height="28"></a>   |  <a href="/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/pdf/" target="_blank" rel="nofollow"> <span style="vertical-align: text-top; color: deepskyblue; font-size: 1.5em;" class="glyphicon glyphicon-print"></span></a> </div> </footer> <section> <p><a href="https://ir.schrodinger.com">Schrödinger, Inc.</a> (Nasdaq: SDGR) <a href="https://ir.schrodinger.com/press-releases/news-details/2024/Schrdinger-Announces-Multi-Target-Collaboration-and-Expanded-Software-Licensing-Agreement-with-Novartis/default.aspx?utm_content=316103262&utm_medium=social&utm_source=linkedin&hss_channel=lcp-35342">has entered a collaboration</a> and licensing agreement with <a href="https://www.novartis.com/">Novartis</a> to advance drug discovery efforts on multiple targets. This collaboration involves a $150 million upfront payment from Novartis to Schrödinger, <strong>with eligibility for up to $2.3 billion in research</strong>, regulatory, and commercial milestone payments, as well as tiered royalties on net sales of resulting products.</p> <p>The partnership includes a three-year software licensing expansion, enabling Novartis to leverage Schrödinger's computational drug discovery platform at scale. This platform, supported by Schrödinger’s predictive modeling and informatics technology, will integrate deeply into Novartis’s global research operations to drive a computational-first approach to drug discovery.</p> <p>The collaboration will focus on advancing candidates for Novartis’s therapeutic areas, with joint responsibility in discovery stages. Novartis will handle clinical development, manufacturing, and commercialization. Full integration of Schrödinger’s software across Novartis’s research units is anticipated to enhance Novartis’s research efficiency and innovation pace.</p> <p>Schrödinger CEO Ramy Farid, Ph.D., and Novartis Biomedical Research President Fiona Marshall highlighted the strategic benefits of the collaboration in driving forward computational approaches in drug development. Schrödinger’s platform, built over 30 years, supports a portfolio that includes collaborative projects and clinical-stage oncology programs.</p> <p>Additional terms and conditions, including regulatory clearances, apply to this agreement. Schrödinger will discuss these updates further during its Q3 financial results <a href="https://events.q4inc.com/attendee/272406226">webcast on November 12, 2024, at 8:00 a.m. ET.</a></p> <h6>Photo: <a class="photographer cWU9wH5uj9cM5CMFEMVC" data-testid="photographer" href="https://www.istockphoto.com/uk/portfolio/yuelan?mediatype=photography"><span class="LnOLJ4WPBg1pjxPKMDBE">SiyueSteuber</span></a></h6> <div class="product-list"> </div> <p> <b>Topics: </b> <a href="/topic/startups/">Startups & Deals</a>    </p> </section> </article> <div style="margin: 1em 0 2em; padding: 0.5em 0;"> <strong>Share: </strong>   <a target="_blank" rel="nofollow" href="https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in LinkedIn" src="/static/img/soc-in.7bc286fd757e.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://www.reddit.com/submit?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in Reddit" src="/static/img/soc-reddit.342e87a07115.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in X" src="/static/img/soc-x.3c80e8291cba.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://news.ycombinator.com/submitlink?u=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Share in Hacker News" src="/static/img/soc-y.587f16a5f3f3.png" width="28" height="28"></a>  <a target="_blank" rel="nofollow" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/&display=page"> <img alt="Share in Facebook" src="/static/img/soc-fb.3031a5a810f0.png" width="28" height="28" /></a>  <a target="_blank" rel="nofollow" href="mailto:?subject=Biopharmatrend.com&body=https%3A%2F%2Fwww.biopharmatrend.com/post/1020-schrodinger-and-novartis-forge-23-billion-partnership-to-scale-computational-drug-discovery/"> <img alt="Send by email" src="/static/img/soc-mail.41ce3608f438.png" width="28" height="28"></a> </div> <div class="subscribe-block"> <div class="subscribe-inner"> <h3 style="line-height:1.5; 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Schr枚dinger and Novartis Forge Partnership to Scale Computational Drug Discovery