核心观点2024年,公司研发费用2.15亿元,与2023年相比保持稳定,费用管控稳健,2024年整体发展符合预期。同时公司现金及等价物在手约人民币8亿元,充足现金流可保障未来运营。公司核心产品LAE102的I期SAD试验结果可观,为I期MAD试验做良好铺垫,同时与礼来开展合作进一步提升国际影响力;LAE002临床试验持续推进,针对乳腺癌的III期临床试验值得关注。我们认为,公司研发布局全球一体化,...
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