M&A Deal Summary

Schrödinger Acquires XTAL BioStructures

On January 18, 2022, Schrödinger acquired life science company XTAL BioStructures

Acquisition Highlights
  • This is Schrödinger’s 1st transaction in the Life Science sector.
  • This is Schrödinger’s 1st transaction in the United States.
  • This is Schrödinger’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2022-01-18
Target XTAL BioStructures
Sector Life Science
Buyer(s) Schrödinger
Deal Type Add-on Acquisition

Target

XTAL BioStructures

Natick, Massachusetts, United States
XTAL BioStructures is a provider of structural biology services, including biophysical methods, protein production and purification, and X-ray crystallography, to the pharmaceutical and biotechnology industries. XTAL BioStructures was founded in 2005 and is based in Natick, Massachusetts.

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Buyer(S) 1

Buyer

Schrödinger

New York, New York, United States

Category Company
Founded 1990
Sector Software
Employees891
Revenue 208M USD (2024)
DESCRIPTION

Schrödinger is a physics-based computational platform opening new worlds of possibility for drug discovery and materials design through its industry-leading computational platform which is deployed by pharmaceutical, biotechnology, chemical, and electronics companies to accelerate R&D in both drug discovery and materials design. The Schrödinger platform revolutionizes discovery by enabling far broader exploration of chemical space and delivers better therapeutic candidates and higher-quality compounds far faster than traditional methods, at a lower cost, and with a higher probability of success. Schrödinger was formed in 1990 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1