联邦制药(3933.HK):老牌药企焕发新春 三靶点激动剂一鸣惊人

第一上海
May 21, 2025

老牌药企焕发新春,三靶点激动剂一鸣惊人抗生素全产业链布局,6-APA 龙头地位:联邦制药深耕抗生素全产业链布局,6-APA、青霉素G 钾工业盐、阿莫西林等原料药均处于市场前列。受到相关产品价格趋势影响,短期中间体原料药业务可能有所波动。但该产业环保壁垒高,市场格局难以撼动,公司龙头地位稳固,长期稳定性强。胰岛素集采A 类中标,抗生素集采风险基本出清:24 年胰岛素专项国采续标,公司参与集采的6 个...

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