Bill Gates Invests Another $20M (€15M) in Schrodinger

The company also received a $10 million (€7.5 million) investment in 2010

By on December 18th, 2012 22:01 GMT

Microsoft co-founder Bill Gates has decided to invest another $20 million (€15 million) in Schrodinger LLC, a company that makes software aimed at pharmaceutical manufacturers.

Gates initially invested $10 million (€7.5 million) in 2010, but following the impressive growth recorded by the company, the famous Microsoft co-founder has decided to inject more money in the software maker.

“The success we’ve seen in our collaborations demonstrates that our computational approach can play a driving role in drug discovery,” Schrödinger President Dr. Ramy Farid said in a news release.

“With this infusion of capital, we will be able to continue our rapid scientific progress and develop a comprehensive, enterprise-level collaboration platform that delivers Schrödinger’s powerful science to all members of a research organization.”

Schrodinger currently has offices in several locations in the United States, but also in Europe, India and Japan.

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