secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001490978-24-000078
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000078/0001490978-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000078/sdgr-20240911.htm
  HTML page:      https://secwatch.observer/filing/0001490978-24-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer