### Summary
Schrödinger, a drug discovery company, combines physics and machine learning to develop new drugs. The company collaborates with other drug developers and utilizes AI and physics-based principles to identify new drugs for various diseases.
### Facts
- Schrödinger sees traditional chemists, not other AI-based drug discovery companies, as its competition.
- The company combines AI with physics-based principles to identify new drugs and targets for various diseases.
- Schrödinger relies on machine learning to generate large amounts of data for training its models, as physics-based calculations are slow.
- Schrödinger's drug discovery efforts are supported by physics and machine learning.
- The company has over 1,750 customers for its drug discovery software and 13 active collaboration projects with biopharma partners.
- Schrödinger's partners include Bristol Myers Squibb, Eli Lilly, and Takeda Pharmaceutical.
- The company also has its own pipeline of 19 active programs, with the first candidate entering clinical trials in 2022.
- Schrödinger's candidates include inhibitors for MALT1, CDC7, and Wee1 genes, with plans to move more programs into clinical trials in the next decade.
- The company has a chief medical officer responsible for clinical development and regulatory strategy.
- Schrödinger reported net income of $4.3 million in Q2 2023 and lowered its guidance for drug discovery revenue, citing delays in milestone achievements by collaboration partners.
- The company's software revenue remained stable and Schrödinger raised its guidance for 2023.
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