September 28 — MindRank AI Ltd. (“MindRank”) today announced that it has entered into a strategic commercialization agreement with Zhejiang Sunshine Mandi Pharmaceutical Co., Ltd. (“Sunshine Mandi”) and Zhejiang Wansheng Pharmaceutical Co., Ltd. (“Wansheng”), both subsidiaries of 3SBio Inc. (01530.HK) group, for MDR-001, an AI-designed oral small-molecule GLP-1 receptor agonist in a pivotal Phase 3 trial for obesity and overweight. The collaboration covers Greater China, with a total potential transaction value of up to RMB 1.75 billion (USD 260 million).
As MindRank’s strategic partner, Medicilon provided API process development and formulation R&D services for MDR-001 to support its IND application. The support enabled the successful clinical trial approval and marked a milestone, AI-designed oral GLP-1 drug as it enters a critical phase of commercialization preparation.
Strong Alliance: RMB 1.75B Licensing Deal Accelerates Industrialization of MindRank’s MDR-001
Under the agreement, Sunshine Mandi and Wansheng will leverage their mature commercial capabilities to provide exclusive commercialization services for MDR-001 across all channels following regulatory approval and launch. MindRank will remain the Marketing Authorization Holder and all rights in the product’s intellectual property, and will continue to advance clinical development, registration, manufacturing, and supply of the product. MindRank will receive RMB 150 million upfront and milestone payments tied to clinical development, regulatory approval and commercialization. Upon achievement of agreed conditions, MindRank will be eligible for up to RMB 1.6 billion in additional milestone payments, bringing the total potential deal value to RMB 1.75 billion.
Cutting-edge Innovation: Balanced Efficacy & R&D Efficiency, MDR-001 Validates MindRank’s AI Drug Discovery Strength
Expert Enablement: Medicilon’s One-Stop Services Accelerate Preclinical R&D of GLP-1 Drugs
Medicilon congratulates MindRank and Sunshine Mandi on closing the exclusive commercialization partnership for MDR-001. We look forward to MDR-001’s upcoming approval and launch, bringing new treatment options for adults living with obesity, overweight and metabolic diseases. Moving forward, Medicilon will continue upgrading its one-stop preclinical CRO services for AI-originated new drugs. We aim to translate more AI-designed first-in-class molecules into clinical candidates and marketed products, supporting high-quality growth of the global biopharma sector.