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Schrödinger Receives Fast Track Designation for SGR-1505 for the Treatment of Relapsed/Refractory Waldenström Macroglobulinemia

1. SDGR's SGR-1505 receives FDA Fast Track designation for Waldenström macroglobulinemia. 2. Fast Track status enhances development prospects and market potential for SGR-1505.

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FAQ

Why Bullish?

Fast Track designation often leads to increased investor confidence and potential revenue streams, similar to past approvals for drug candidates with such designations.

How important is it?

FDA Fast Track designation indicates valuable progress in drug development, positively influencing market position and potential valuation for SDGR.

Why Long Term?

Completion of trials and subsequent market entry for SGR-1505 could materially impact revenues over the next few years.

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AMGNGILDBMY
NEW YORK--(BUSINESS WIRE)--Schrödinger, Inc. (Nasdaq: SDGR) today announced that SGR-1505, its clinical stage MALT1 inhibitor, was designated as a Fast Track product by the U.S. Food and Drug Administration (FDA) for the treatment of adult patients with Waldenström macroglobulinemia that have failed at least two lines of therapy, including a Bruton's tyrosine kinase (BTK) inhibitor. “We are excited to receive Fast Track designation for SGR-1505, which underscores the significant need in patient.

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