Last updated on April 19, 2014 at 9:20 EDT

Schrödinger and ChemAxon Extend Partnership

July 9, 2013

NEW YORK and BUDAPEST, Hungary, July 9, 2013 /PRNewswire/ –

Schrodinger, Inc. and ChemAxon jointly announced today that they have extended their
partnership agreement for another five years. In the expanded agreement, ChemAxon will
provide the JChem chemistry engine as well as Marvin sketching and rendering functionality
to Schrodinger’s enterprise informatics platform, Seurat. “We’re very excited to continue
our partnership,” said Schrodinger’s President, Dr. Ramy Farid, “and we look forward to
working more closely with ChemAxon and exploiting their powerful cheminformatics tools.”

A data integration and discovery collaboration platform, Seurat provides decision and
project support as well as advanced data exploration, and can consume backend data or
replace legacy tools like Accord(TM), ISIS(TM), Isentris(TM), or internally developed
customer tools that have reached end of life. Seurat can be installed locally, or hosted
on either the British Telecom (BT) or Amazon Web Services (AWS) cloud. The expanded
agreement will also allow Schrodinger to plug in additional ChemAxon software as required.

“The extension of our agreement underlines ChemAxon’s position and reputation as the
leading provider of chemistry search and management expertise, and complements
Schrodinger’s leading modelling and computational chemistry expertise,” commented Alex
Drijver, CEO of ChemAxon. “Its long-term nature demonstrates that collaboration between
partners with complementary technologies is a sustainable business model in our sector,
and in fact can offer a better solution to customers and a more efficient development
environment for partners; we see this trend increasing as more partners place their
chemistry requirements with ChemAxon.”

ChemAxon’s JChem chemistry engine, able to be deployed universally and scale to cover
big data requirements, is the industry’s leading chemical structure storage and search
toolkit. Also included in the provision is the JKlustor functionality for high performance
structure library analysis as well as the renowned Marvin editor & viewer which lets users
ask chemical questions and see structures as answers.

About Schrodinger

Schrodinger makes significant investments in R&D, which has led to major advances in
the field of computational chemistry; it has achieved breakthroughs in quantum chemistry,
molecular modeling, force fields, molecular dynamics, protein structure determination,
scoring, and virtual screening. The company’s full product offerings range from general
molecular modeling programs to a comprehensive suite of drug design software. Besides the
company’s industry-leading drug discovery solutions, Schrodinger is actively developing
state-of-the art simulation tools for materials research as well as enterprise software
that can be deployed throughout an entire research organization. Schrodinger’s methods
development and applications papers have thousands of citations and are often among the
most-cited scientific publications. Schrodinger’s science is continually validated
internally and by its users worldwide. Founded in 1990, Schrodinger has operations in the
United States as well as in Europe, India, and Japan.

About ChemAxon

ChemAxon is a leader in providing cheminformatics software platforms and desktop
applications for the biotechnology, pharmaceutical and agrochemical industries. With core
capabilities for structure visualization, search and management, property prediction,
virtual synthesis, screening and drug design, ChemAxon focuses upon active interaction
with users and software portability to create powerful, cost effective cross platform
solutions that power modern cheminformatics and chemical communication. The company is
privately owned with European headquarters in Budapest, US East Coast headquarters in
Cambridge, MA, and sales and support offices in Europe, Japan and across North America.


Source: PR Newswire