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　　招商证券国际发布研报称，上调三生制药（01530）目标价，由12港元升至25港元，主要基于SSGJ-707资产估值提升与公司发展前景改善带来的多重扩展，维持“增持”评级。

　　招商证券国际指，三生制药与辉瑞签署巨额授权合作协议，创下中国生物制药产业最高首付款及总交易规模纪录，首付款达12.5亿美元，整体交易超60亿美元。SSGJ-707作为中国第五款出海成功的PD-1/VEGF双特异性抗体，可望重塑未来下一代肿瘤免疫领域。

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