医药行业周报:出海趋势不变 静待机遇

华鑫证券
30 Jun

1. 创新出海趋势不变,重磅BD仍可继续期待创新出海是本轮创新药价值重估的重要推动因素,其价值的锚点在于BD估值水平的变化,尤其是PD-1/VEGF为代表的双抗。从康方生物与SUMMIT THERAPEUTICS 的合作开始到6月2日,BMS与BioNTech达成一项超90亿美元的交易,海外MNC对PD-1双抗的价值认知和交易金额在快速提高。根据医药魔方数据,2025年Q1,中国医药交易数量...

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