异动解读 | 三生制药盘中大涨5.27%,辉瑞加速推进双抗新药全球开发

异动解读
Jul 28, 2025

7月28日,三生制药(01530.HK)股价盘中大涨5.27%,引发市场关注。此轮涨势主要受益于公司与辉瑞(PFE)达成的重磅合作协议正式生效,以及多家券商上调公司目标价。

据悉,三生制药此前与辉瑞就PD-1/VEGF双特异性抗体(SSGJ-707)订立的全球许可协议已于7月24日起正式生效。根据协议,三生制药将获得12.5亿美元首付款,以及最高48亿美元的里程碑付款和双位数分级销售分成。此外,辉瑞还将以每股25.2港元认购三生制药约7.85亿港元股份。

市场分析认为,辉瑞计划加速推进SSGJ-707在全球的III期临床试验,这将显著提升该药物的开发进程。SSGJ-707被认为具有多重差异化特征,在ASCO公布的数据显示其在非小细胞肺癌治疗中展现出优秀的疗效。受此利好消息影响,多家券商纷纷上调三生制药的目标价。其中,招银国际将目标价上调33%至37.67港元,维持"买入"评级;花旗也将三生制药的目标价从21港元上调至36港元。

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