【研报掘金丨浙商证券:首予恒瑞医药“买入”评级,2025年开始创新+国际化加速】浙商证券研报指出,历史上中国医药行业经历多次政策变化,恒瑞医药(600276.SH)一直保持相对稳健的增速,充分显示公司在政策演变中较强韧性。我们看好在2019-2024 年经历了集采、医保谈判价格波动影响后,公司2025年开始创新+国际化加速,CDK4/6、PD-L1、海曲泊帕、JAK、HER2 ADC、IL-4R、GLP-1等大单品/适应症陆续商业化,驱动公司进入收入增长新一轮加速期,首次覆盖并给予“买入”评级。

金融界
25 Dec 2024
浙商证券研报指出,历史上中国医药行业经历多次政策变化,恒瑞医药(600276.SH)一直保持相对稳健的增速,充分显示公司在政策演变中较强韧性。我们看好在2019-2024 年经历了集采、医保谈判价格波动影响后,公司2025年开始创新+国际化加速,CDK4/6、PD-L1、海曲泊帕、JAK、HER2 ADC、IL-4R、GLP-1等大单品/适应症陆续商业化,驱动公司进入收入增长新一轮加速期,首次覆盖并给予“买入”评级。

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