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Schrdinger Uses Google Clouds High Performance Computing (HPC) Solution to Strengthen Drug Discovery Efforts | Business

 


NEW YORK – (BUSINESS WIRE) – March 2, 2020–

Schrdinger, Inc. (Nasdaq: SDGR) announced today that it has entered into a three-year agreement with Google Cloud to significantly increase the speed and capacity of its physics-based computing platform for drug discovery . As part of the agreement, Schrdinger chose Google Cloud as the preferred cloud platform for its leading simulation software.

Strategic partnership allows Schrdingers drug discovery team to access the capacity equivalent of the world's most powerful supercomputers by leveraging thousands of Google Cloud GPUs, which are designed to accelerate complex processes such as large-scale physics-based methods and machine learning through parallel computing. This increased capacity is designed to allow Schrdinger and his drug discovery collaborators to quickly predict the critical properties of billions of molecules per week.

We were thrilled to leverage the highly scalable system of Google Clouds to perform extensive free energy calculations to assess link affinities via our compute-intensive FEP + application. This partnership also allows us to leverage BigQuery more to analyze important molecular properties almost instantly, said Shane Brauner, chief information officer at Schrdingers. This partnership should allow us to expand the use of our physics-based computing platform to continue rapidly exploring very large expanses of chemical space.

Our collaboration with Schrdinger has the potential to improve drug discovery for research and life science organizations by helping industry move faster to identify molecules that can be developed in important therapies said Rob Enslin, president of Google Cloud. We are delighted to work closely with them as part of our long-standing partnership.

Schrödinger's cutting-edge IT platform for accelerating drug discovery and material design is deployed by leading biopharmaceutical and industrial companies, academic institutions and government laboratories around the world. In addition to this global business, Schrödinger also applies its IT platform to a strong pipeline of drug discovery programs in collaboration with pharmaceutical companies and has co-founded leading biotechnology companies. In addition, Schrödinger uses its platform to advance a pipeline of in-house proprietary drug discovery programs. Schrödinger's significant and ongoing investment in basic research continues to advance the IT platform. Founded in 1990, Schrödinger has more than 400 employees at headquarters in New York and around the world. Visit www.schrodinger.com for more information.

Forward-looking statements

This press release contains certain "forward-looking statements" within the meaning of federal securities laws, including, but not limited to, our expectations regarding the speed and capacity of our computing platform. Statements including words such as anticipate, believe, contemplate, continue, could, estimate, wait, intend, may, could, plan, potential, predict, plan, should, target, want, want and future statements are forward-looking statements. These forward-looking statements reflect our current views on our plans, intentions, expectations, strategies and prospects, which are based on the information we currently have and the assumptions we have made. Actual results may differ materially from those described in forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors beyond our control, including the risks detailed under " Risk Factors ”and elsewhere in our headlines. and the Foreign Exchange Commission filings and reports, including the final prospectus of our initial public offering filed with the Securities and Exchange Commission on February 6, 2020, as well as future filings and reports from us . Unless required by law, we assume no obligation 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.

Ten Bridge Communications

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Copyright Business Wire 2020.

PUB: 02/03/2020 07:00 AM / DISC: 03/02/2020 07:00 AM

Copyright Business Wire 2020.

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