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Schrödinger Closes $85 Million Round led by Gates Foundation and WuXi AppTec

publication date: Jan 7, 2019

Schrödinger of New York City closed an $85 million financing to support its drug discovery platform, which is based on advanced molecular simulations. The funding was led by the Bill and Melinda Gates Foundation Trust and WuXi AppTec’s Corporate Venture Fund. In October 2018, WuXi AppTec formed Faxian Therapeutics with Schrödinger. Faxian will combine WuXi's lead optimization CRO with molecules discovered by Schrödinger's precision molecular design platforms. Faxian was formed to discover novel insights into the chemistry and biology of a target and indication. More details....

Stock Symbol: (SHA: 603259; HK: 2359)

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