开源证券研报指出,恩华药业神经类业务快速增长,业绩驱动因素明确,维持“买入”评级。公司深化挖掘产品差异化优势,实现成熟产品力月西、福尔利、瑞芬太尼等稳定成长,加快创新产品TRV130、羟考酮注射液、舒芬太尼、阿芬太尼及BD合作新产品安泰坦®的市场开拓。公司不断加大研发投入,目前共有17项在研创新药项目,其中完成Ⅲ期临床研究项目1项(NH600001乳状注射液);完成Ⅱ期临床研究项目2项(NHL35700片、YH1910-Z02注射液);开展Ⅱ期临床研究项目2项(NH102片、YH1910-Z01鼻喷剂);开展I期临床研究项目6项(NH130片、NH104片、Protollin鼻喷剂、NH160030片、NH140068片、NH280105胶囊);获得临床试验通知书项目1项(枸橼酸舒芬太尼注射液(新增适应症));其余项目均处于临床前研究阶段,市场潜力较大。公司业绩驱动因素明确,创新研发稳步推进。
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