金吾财讯 | 中泰证券发布研究报告称，2024年CRO、CDMO板块剔除新冠增长持续稳健，2025Q1恢复显著，拐点已至。CDMO方面，源于下游单品持续快速放量，化学大分子及XDC CDMO如多肽、寡核酸、XDC CDMO生产需求有望快速提升，持续看好相关产业链投资机会；随着全球投融资逐步恢复、前端项目持续向后端延伸，小分子CDMO有望逐步恢复，建议关注。
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