diff --git a/src/main/resources/db/migration/postgresql/V3.0.1.20261101000000__cohort_characterization_version.sql b/src/main/resources/db/migration/postgresql/V3.0.1.20261101000000__cohort_characterization_version.sql
new file mode 100644
index 0000000000..1e3fab0623
--- /dev/null
+++ b/src/main/resources/db/migration/postgresql/V3.0.1.20261101000000__cohort_characterization_version.sql
@@ -0,0 +1,17 @@
+-- The B2.99.0006 baseline omits cohort_characterization_version, so on a fresh install every
+-- characterization update fails while saving the previous version. Databases upgraded from 2.x
+-- already have it from V2.9.0.20210513111520, hence IF NOT EXISTS.
+CREATE TABLE IF NOT EXISTS ${ohdsiSchema}.cohort_characterization_version (
+    asset_id bigint NOT NULL,
+    comment character varying,
+    version integer DEFAULT 1 NOT NULL,
+    asset_json character varying NOT NULL,
+    archived boolean DEFAULT false NOT NULL,
+    created_by_id integer,
+    created_date timestamp with time zone DEFAULT now() NOT NULL,
+    CONSTRAINT pk_cc_version_id PRIMARY KEY (asset_id, version),
+    CONSTRAINT fk_cc_version_sec_user_creator FOREIGN KEY (created_by_id) REFERENCES ${ohdsiSchema}.sec_user (id),
+    CONSTRAINT fk_cc_version_asset_id FOREIGN KEY (asset_id) REFERENCES ${ohdsiSchema}.cohort_characterization (id) ON DELETE CASCADE
+);
+
+CREATE INDEX IF NOT EXISTS cc_version_asset_idx ON ${ohdsiSchema}.cohort_characterization_version USING btree (asset_id);