{"schema_version":"secwatch.filing_event.v1","accession":"0001490978-24-000087","form_type":"8-K","ticker":"SDGR","cik":"0001490978","company_name":"Schrodinger, Inc.","filed_at":"2024-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.573169+00:00","generated_at":"2026-05-30T01:46:42.738579+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Schrödinger enters $2.272B collaboration with Novartis; $150M upfront","bullets":["Upfront payment of $150 million to be paid after HSR waiting period expires.","Eligible for up to $892M in discovery/development milestones and $1.38B in commercial milestones across initial project plans.","Eligible for tiered royalties on net sales of collaboration products: mid-single-digit to low-double-digit percent, subject to reductions.","Research term for each project plan is generally four years; Novartis responsible for clinical development and commercialization.","Exclusivity provisions prevent Schrödinger from working on collaboration targets with third parties for specified period."],"urls":{"canonical":"https://secwatch.observer/filing/0001490978-24-000087","json":"https://secwatch.observer/filing/0001490978-24-000087.json","markdown":"https://secwatch.observer/filing/0001490978-24-000087.md","text":"https://secwatch.observer/filing/0001490978-24-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1490978/000149097824000087/0001490978-24-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1490978/000149097824000087/sdgr-20241111.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T01:46:42.738579+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}