瑞银发表报告,首次覆盖三生制药,给予“买入”评级,目标价30港元。报告指,三生制药核心产品针对血液学和自身免疫疾病,认为,近期与辉瑞就SSGJ-707(PD-1/VEGF双特异性抗体)达成的总额创纪录61.5亿美元的许可协议,体现了对三生强大研发能力的认可。 该行看好SSGJ-707海外高峰销售额及其他管线资产价值的上升潜力,预测三生制药在2024至2034年间的收入和净利润年均复合增长率分别为11.7%和12.1%。关键催化剂包括2025年下半年SSGJ-707数据更新的潜在可能性;第三季度预付款收入入账;SSGJ-707海外临床试验的启动。
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