被牛市遗忘的CXO,谁将凭“拐点基因”破局

动脉网
08 Jul

二级市场创新药的火热反衬出CXO的落寞。2025年初至6月,创新药出海交易总金额已近500亿美元,首付款超20亿美元,全年交易规模极大概率将刷新历史纪录。这一数字较2020年~2024年期间呈现爆发式增长,当时BD交易总金额从92亿美元提升至523亿美元,首付款总额从6亿美元增长到41亿美元。这种‌价值重估‌在二级市场得到积极响应。2025年5月中旬以来,创新药板块成为资本市场最热门的话题之一,...

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