药企“卖青苗”是贱卖资产吗?资深律师解析创新药BD交易背后的隐秘博弈:“报价优渥”的交易并不总是最佳选择

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Jul 12, 2025

2025年以来,创新药板块强势突围,成为成长赛道中的最大“黑马”。Wind数据显示,截至7月9日,全市场成立满一年的963只ETF中,仅有7只实现业绩翻倍,港股创新药ETF(513120)便是其中之一,该基金近一年来的收益率达到103%(截至7月11日)。图片来源:东方财富截图  从产业角度看,随着近年来全球医药巨头加快在华“扫货”的节奏,我国生物技术(Biotech)企业的BD(商务拓展)交易...

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