智通财经APP获悉，中信证券发布研报称，科伦博泰生物-B(06990)核心产品芦康沙妥珠单抗已获得MNC认可和全球开发能力的加持，同时结合默沙东K药进一步拓展ADC+IO联用可能性，考虑到核心产品全球开发进程加速推进，国内商业化放量在即，结合DCF估值测算，给予公司目标价592港元，维持“买入”评级。
2025年11月24日，科伦博泰生物宣布其核心产品TROP2ADC芦康沙妥珠单抗(sac-TMT/SKB264/MK-2870)联合帕博利珠单抗一线治疗PD-L1阳性非小细胞肺癌(NSCLC)的III期临床研究达到主要终点，成为全球首个ADC联合免疫检查点抑制剂(IO)在一线NSCLC领域获阳性结果的III期研究。该结果进一步验证了芦康沙妥珠单抗的联合治疗潜力，叠加其已获批的3项适应症及多项在研临床，管线价值持续兑现。
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