医疗健康|院内商业化加速明显,政策支持背景下的医药新创新时代:2025年中报总结

中信证券研究
Sep 11

文|陈竹 韩世通 宋硕 李安飞 曾令鹏沈睦钧 王凯旋 唐寅灏 蒋罗昕顾资然 李文涛 张斌斌 任杰徐嘉琪 朱家成 王郑洋 郑浩洋章树立 王凯 陈逸飞 张恒楠得益于院内相关医药产品政策改善明显,上半年医药行业在内需驱动下呈现出明确转好迹象,叠加医保局产业支持政策趋势逐渐明朗、商业医疗保险加速推动、AI产业催化赋能等医药外部环境向好,以及医药创新进入兑现收获期,和关税扰动...

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