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SHANGHAI, March 8, 2021 /PRNewswire/ -- Molecular Data Inc. ("Molecular Data" or the "Company") (Nasdaq: MKD), a leading technology-driven platform in China's chemical industry, today announced that it has reached a partnership memorandum (MOU) for a potential transaction, including a stake in a renowned brand name in the US with more than two decades of domain expertise.

Apart from synergies created in the partnership, the collaboration will further strengthen Molecular Data's American presence.