Molecular Data Inc. intends to further upgrade its digital tools using Blockchain

SHANGHAI, April 1, 2021 /PRNewswire/ — Molecular Knowledge Inc. (“Molecular Knowledge” or the “Firm”) (Nasdaq: MKD), a number one technology-driven platform in China’s chemical {industry}, introduced that it has signed a cooperation settlement with Dalian Lianhua Chemical Co., Ltd. (“Dalian Lianhua”), a number one producer within the subdivision discipline of boric acid compounds in China. Sooner or later, the 2 firms will mix the strengths of each events to assist the speedy growth of R&D in home pharmaceutical firms and the drug synthesis industries.

Molecular Knowledge is already utilizing digital instruments together with large information and neuron community to attain the clever optimization of the {industry} provide chain. The selective use of Blockchain together with Blockchain Oracle, decentralized oracle community will empower the scientific analysis progress of home pharmaceutical firms.

With the signing of the cooperation settlement, this can put a whole lot of merchandise similar to boric acids, reagents and chiral compounds produced by Dalian Lianhua, on the Molecular Knowledge e-commerce platform.

Lianhua and Molecular Knowledge intends to collectively serve a variety of pharmaceutical firms and biotechnology, agro-chemical and particular chemical firms globally.

As the 2 events work collectively, they’ll yield higher clever digital programs and create one-stop e-commerce platforms to supply {industry} prospects with larger high quality Compounds and intermediates, This is not going to solely assist higher new drug R&D, it is going to additionally enhance {industry} R&D effectivity, and assist firms enhance their scientific analysis capabilities.

Dalian Lianhua Chemical Co., Ltd. was established in 2004. With a whole lot of pharmaceutical chemical compounds developed and industrialized, their principal merchandise dominate the worldwide market.

It’s a skilled producer of natural boric acid merchandise and chiral merchandise, and an industry-recognized provider of key uncooked supplies for prescription drugs and new supplies. The corporate focuses on technological innovation and the industrialization of core merchandise and has impartial mental property rights, and has utilized for quite a few nationwide patents.

About Molecular Knowledge Inc.

Molecular Knowledge Inc. is a number one technology-driven platform in China’s chemical {industry}, connecting members alongside the chemical worth chain by way of built-in options. The Firm delivers e-commerce options, monetary options, warehousing and logistics options, and SaaS suite which are meant to unravel ache factors for members within the conventional chemical {industry}. Constructed upon a complete information engine and synthetic intelligence (AI) capabilities, the Firm’s e-commerce options are primarily supplied by way of its on-line platform, consisting of molbase.com, molbase.cn, Moku Knowledge WeChat account, Chemical Group APP and different ancillary platforms.

Secure Harbor Assertion

This announcement comprises forward-looking statements. These statements are made underneath the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology similar to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured,” “potential,” “proceed” or different comparable expressions. Amongst different issues, the quotations from administration on this announcement, in addition to the Firm’s strategic and operational plans, comprise forward-looking statements. The Firm may make written or oral forward-looking statements in its periodic stories to the U.S. Securities and Change Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic information, together with however not restricted to statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties, and a wide range of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Firm’s objectives and methods; the Firm’s future enterprise growth, outcomes of operations and monetary situation; the anticipated progress of the chemical market; the Firm’s means to monetize the consumer base; fluctuations generally financial and enterprise circumstances in China; the potential affect of the COVID-19 to the Firm’s enterprise operations and the economic system in China and elsewhere usually; and assumptions underlying or associated to any of the foregoing. Additional data concerning these and different dangers is included within the Firm’s filings with the Securities and Change Fee. All data supplied on this press launch and within the attachments is as of the date of the press launch, and the Firm undertakes no obligation to replace such data, besides as required underneath relevant regulation.

SOURCE Molecular Knowledge Inc.