Schrödinger enters new master license agreement with Columbia University, consolidating eight prior IP licenses

Schrodinger, Inc.

Effective September 11, 2024, Schrödinger LLC and Columbia University executed a Master License Agreement, amending and restating eight prior license agreements.
Royalty rate for licensed products is a low single-digit percentage of Gross Revenues; royalty term is 20 years, extendable by 10 years per Columbia Improvement.
New terms include royalty on equity securities received as Services Project Income, with transfer obligations to Columbia upon compliance with securities laws.
Dr. Richard Friesner, Schrödinger co-founder and board member, invented some licensed technologies and receives a portion of royalties paid to Columbia.
Licensed products include key software: PS-GVB, Glide, PrimeX, QSite, Combiglide, Prime, and Membrane Permeability model.

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