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.
The company builds software aimed at the pharmaceutical industry
   The company builds software aimed at the pharmaceutical industry
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