Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!
随机图片

文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!

更新时间: 浏览次数: 698

400电话:123456(点击咨询)
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各观看免费《今日汇总》
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各热线观看免费2025已更新(2025已更新)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各区点热线观看免费《今日发布》
Random Image 文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!电话








7天观看免费人工电话为您、文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各观看免费《今日汇总》2025已更新(今日/推荐)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!电话区域:








安阳市(内黄县、文峰区、汤阴县、北关区、安阳县、林州市、殷都区、滑县、龙安区)








商丘市(梁园区、永城市、柘城县、民权县、睢阳区、宁陵县、睢县、夏邑县、虞城县)








包头市(九原区、达尔罕茂明安联合旗、东河区、固阳县、青山区、土默特右旗、石拐区、昆都仑区、白云鄂博矿区)








朝阳市(建平县、双塔区、朝阳县、凌源市、喀喇沁左翼蒙古族自治县、北票市、龙城区)  六安市(金安区、裕安区、霍山县、舒城县、叶集区、金寨县、霍邱县)








赤峰市(敖汉旗、阿鲁科尔沁旗、元宝山区、克什克腾旗、红山区、翁牛特旗、松山区、巴林左旗、喀喇沁旗、林西县、巴林右旗、宁城县)








广西壮族自治区








哈尔滨市(阿城区、道里区、方正县、道外区、通河县、巴彦县、延寿县、南岗区、平房区、木兰县、双城区、五常市、宾县、尚志市、依兰县、松北区、香坊区、呼兰区)








杭州市(拱墅区、滨江区、萧山区、临安区、西湖区、临平区、建德市、钱塘区、淳安县、余杭区、富阳区、上城区、桐庐县)  十堰市(茅箭区、房县、丹江口市、郧阳区、郧西县、竹溪县、竹山县、张湾区)








怀化市(辰溪县、麻阳苗族自治县、洪江市、靖州苗族侗族自治县、芷江侗族自治县、通道侗族自治县、鹤城区、中方县、会同县、新晃侗族自治县、沅陵县、溆浦县)








阿勒泰地区(阿勒泰市、哈巴河县、青河县、福海县、吉木乃县、布尔津县、富蕴县)








深圳市(宝安区、福田区、罗湖区、光明区、南山区、坪山区、盐田区、龙华区、龙岗区)








中卫市(沙坡头区、中宁县、海原县)








淮北市(相山区、濉溪县、烈山区、杜集区)








亳州市(蒙城县、利辛县、谯城区、涡阳县)








拉萨市(当雄县、曲水县、尼木县、堆龙德庆区、墨竹工卡县、达孜区、城关区、林周县)








池州市(石台县、东至县、贵池区、青阳县)








本溪市(溪湖区、明山区、平山区、桓仁满族自治县、本溪满族自治县、南芬区)








海西蒙古族藏族自治州(德令哈市、乌兰县、都兰县、格尔木市、茫崖市、天峻县)








鞍山市(台安县、铁西区、立山区、岫岩满族自治县、海城市、千山区、铁东区)








曲靖市(马龙区、富源县、会泽县、沾益区、宣威市、师宗县、麒麟区、陆良县、罗平县)








开封市(通许县、杞县、祥符区、兰考县、顺河回族区、鼓楼区、禹王台区、龙亭区、尉氏县)








克拉玛依市(白碱滩区、独山子区、克拉玛依区、乌尔禾区)








廊坊市(大城县、安次区、霸州市、大厂回族自治县、广阳区、固安县、文安县、香河县、三河市、永清县)








和田地区(于田县、墨玉县、皮山县、和田市、策勒县、洛浦县、民丰县、和田县)








临夏回族自治州(临夏县、和政县、临夏市、东乡族自治县、康乐县、积石山保安族东乡族撒拉族自治县、永靖县、广河县)








天水市(秦州区、武山县、麦积区、秦安县、甘谷县、清水县、张家川回族自治县)








梧州市(万秀区、岑溪市、蒙山县、长洲区、苍梧县、龙圩区、藤县)
400电话:123456(点击咨询)
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各观看免费《今日汇总》《今日发布》
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各观看免费《今日汇总》(2025已更新)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!各观看免费《今日汇总》【2025已更新列表】
文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!电话








7天观看免费人工电话为您、文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!中心2025已更新(今日/推荐)








文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!电话区域:








大连市(西岗区、沙河口区、旅顺口区、庄河市、中山区、甘井子区、瓦房店市、普兰店区、金州区、长海县)








新乡市(红旗区、辉县市、获嘉县、延津县、封丘县、凤泉区、新乡县、原阳县、长垣市、卫辉市、牧野区、卫滨区)








驻马店市(驿城区、西平县、遂平县、汝南县、新蔡县、正阳县、上蔡县、泌阳县、确山县、平舆县)








茂名市(化州市、高州市、电白区、信宜市、茂南区)  辽源市(龙山区、东丰县、东辽县、西安区)








扬州市(邗江区、广陵区、仪征市、江都区、高邮市、宝应县)








连云港市(灌云县、海州区、连云区、东海县、赣榆区、灌南县)








林芝市(工布江达县、墨脱县、朗县、巴宜区、波密县、米林市、察隅县)益阳市(桃江县、沅江市、安化县、南县、赫山区、资阳区)








阿拉善盟(额济纳旗、阿拉善左旗、阿拉善右旗)  庆阳市(华池县、镇原县、环县、庆城县、合水县、宁县、西峰区、正宁县)








石河子市(阿拉尔市、图木舒克市、胡杨河市、双河市、北屯市、可克达拉市、五家渠市、白杨市、新星市、昆玉市、铁门关市)








淄博市(临淄区、周村区、沂源县、张店区、博山区、淄川区、高青县、桓台县)








黄冈市(武穴市、蕲春县、团风县、黄梅县、罗田县、黄州区、浠水县、红安县、英山县、麻城市)湘潭市(湘乡市、岳塘区、韶山市、雨湖区、湘潭县)








鸡西市(滴道区、梨树区、麻山区、鸡东县、密山市、虎林市、城子河区、鸡冠区、恒山区)








眉山市(丹棱县、青神县、东坡区、彭山区、洪雅县、仁寿县)








河池市(巴马瑶族自治县、天峨县、都安瑶族自治县、南丹县、金城江区、东兰县、大化瑶族自治县、凤山县、罗城仫佬族自治县、宜州区、环江毛南族自治县)








徐州市(丰县、贾汪区、铜山区、邳州市、泉山区、睢宁县、沛县、鼓楼区、新沂市、云龙区)








长沙市(宁乡市、浏阳市、雨花区、芙蓉区、天心区、岳麓区、望城区、长沙县、开福区)








绥化市(安达市、绥棱县、庆安县、肇东市、青冈县、明水县、海伦市、兰西县、北林区、望奎县)








德阳市(中江县、罗江区、什邡市、广汉市、旌阳区、绵竹市)








南宁市(青秀区、邕宁区、西乡塘区、隆安县、马山县、江南区、宾阳县、横州市、兴宁区、武鸣区、良庆区、上林县)








武威市(凉州区、古浪县、天祝藏族自治县、民勤县)








贵阳市(观山湖区、息烽县、云岩区、开阳县、南明区、清镇市、修文县、花溪区、乌当区、白云区)








银川市(永宁县、金凤区、贺兰县、西夏区、兴庆区、灵武市)








青岛市(市北区、黄岛区、城阳区、市南区、李沧区、莱西市、即墨区、胶州市、平度市、崂山区)








台州市(玉环市、温岭市、天台县、黄岩区、仙居县、椒江区、三门县、临海市、路桥区)








广安市(邻水县、武胜县、广安区、华蓥市、前锋区、岳池县)








黑河市(逊克县、爱辉区、五大连池市、北安市、嫩江市、孙吴县)








锡林郭勒盟(镶黄旗、东乌珠穆沁旗、太仆寺旗、二连浩特市、锡林浩特市、正蓝旗、苏尼特右旗、西乌珠穆沁旗、多伦县、正镶白旗、苏尼特左旗、阿巴嘎旗)

4月18日,康华生物(维权)(300841)发布2024年年报,公司全年实现营业收入14.32亿元,扣非净利润4.57亿元。作为A股代表性创新型疫苗企业,康华生物的重组六价诺如病毒疫苗成功实现对外授权(license-out),并有望成为继人二倍体细胞狂犬病疫苗之后公司下一个“王牌产品”。

2024年,受疫苗降价、人口出生率下降等因素影响,疫苗企业业绩面临回调压力。2024年前三季度,A股14家疫苗上市公司中有10家“营利双降”,近期已披露2024年年报的疫苗企业中,主营HPV疫苗、流感疫苗的多家上市公司营收和净利润均大幅下滑。

在此背景下,康华生物业绩基本维持稳定,公司持续推进创新研发,实现技术出海,并在行业调整期进一步深化品牌和渠道建设,以疫苗产品核心竞争优势为出发点,不断提高市场覆盖率并促进渠道下沉。

当前,新型疫苗不断升级迭代,针对未满足需求的重磅疫苗陆续上市,在国产疫苗加速“出海”,创新疫苗国产替代趋势持续演进的背景下,康华生物将聚焦重点研发项目,促进研发成果落地,推动公司未来实现可持续增长。

六价诺如病毒疫苗“出海”商业化进程提速

2024年是康华生物成立20周年,经过长期技术积累的康华生物也在创新型疫苗领域实现重大突破,不仅实现技术出海,也为公司经营开启了新的增长点。

2024年1月,康华生物与国际疫苗企业hillevax签署独家许可协议,授权HilleVax在除中国(含港澳台)以外地区对重组六价诺如病毒疫苗及其衍生物进行开发、生产与商业化,交易金额包括首付款1500万美元,最高2.555亿美元的开发里程碑和销售里程碑款项,以及实际年净销售额个位数百分比的特许权使用费,创下中国疫苗License-out金额之最。

诺如病毒是全球急性胃肠炎的主要病原体,每年导致近7亿人感染、20万人死亡,但至今尚无疫苗上市,传统研发路径因病毒变异快、体外培养难而屡屡受挫。康华生物通过收集流调信息,和公共卫生专家、流行病学专家集中探讨,最终选定了六种诺如病毒主要流行基因型,开发重组六价诺如病毒疫苗,由此也成为在研价次最高的多价诺如病毒疫苗之一。

针对未满足需求的创新疫苗产品,也意味着良好的商业前景。诺如病毒感染性腹泻在全世界范围内均有流行,在国内,据中国国家疾控中心信息,每年10月到次年3月是我国诺如病毒感染高发季节,是导致急性胃肠炎的最常见病原体之一,国内多地也曾发生群体感染事件。据FrostSullivan的数据,随着中国诺如病毒疫苗管线研发进度和临床进度的推进,预计最早2026年将有相关产品获批上市;2026-2031年,中国诺如病毒疫苗市场规模可由15.3亿元增长至229.3亿元,年复合增长率达71.85%。

康华生物年报披露,公司重组六价诺如病毒疫苗在2024年12月取得国内临床试验许可,此外,ACYW135群脑膜炎球菌结合疫苗、人用狂犬病疫苗(人二倍体细胞)固定化生物反应器培养工艺计划在2025年申报临床试验。

对于康华生物而言,无论是为公司持续贡献业绩的人用狂犬病疫苗,还是加速迈向商业化的重组六价诺如病毒疫苗,都是“含金量”极高的大单品,尽管在医药控费等因素影响下疫苗市场存在一定起伏,但随着人口老龄化、公众接种意识提高,相关品种疫苗仍有着很大的渗透空间,这也为康华生物未来持续增长奠定坚实基础。

长期主义凸显增长潜力“耐心资本”增持

疫苗行业呈现研发周期长、资金投入大且生产及质控要求高的特点,使疫苗行业具有较高壁垒,呈现寡头垄断格局。这也决定了疫苗企业唯有坚持长期主义,持续投入研发创新和开拓市场才能获得可持续回报。

长期以来,默沙东、葛兰素史克、辉瑞等国际领先疫苗企业占据全球疫苗市场的大部分份额,如13价肺炎球菌多糖结合疫苗、HPV疫苗等重磅产品上市十余年后,销售额依然位居前列。对于中国本土疫苗企业而言,未来增长空间一方面在于国产替代,以高质量本土产品替代进口疫苗,与此同时,面向发达国家和发展中国家市场的“出海”,也将为本土疫苗企业开拓新空间。

在国产替代方面,2021年出台的《“十四五”国家药品安全及促进高质量发展规划》提出,支持疫苗领域创新发展,推动关键核心技术攻关,促推解决产业创新发展的“卡脖子”问题,部分本土疫苗企业在这方面已有成功案例。值得注意的是,中国人均疫苗发展公共支出相对较低,随着国民健康意识提高,相关研究指出,中国疫苗行业相较发达国家仍有2-8倍增长空间。

在国产疫苗“出海”方面,除向发展中国家输出疫苗外,如康华生物的重组六价诺如病毒疫苗成功实现了向发达国家的技术输出,堪称近年来创新疫苗出海的典型案例。

正是着眼于疫苗市场的广阔市场空间,康华生物已布局mRNA疫苗平台、重组蛋白VLP疫苗平台、多糖蛋白结合疫苗平台、减毒活疫苗平台、灭活疫苗平台、新型疫苗佐剂平台等多个创新疫苗平台,循序渐进推进相关管线的研发和商业化。未来,包括新疫苗品种的推出,以及疫苗产品迭代,都将成为创新疫苗企业的新增长点。

事实上,着眼康华生物的良好发展前景,2024年下半年以来已有多家“耐心资本”加持康华。

年报显示,截止2024年12月31日,相较于上一报告期,新进的流通股东中,四川国资“四川发展证券投资基金管理有限公司-川发精选3号私募证券投资基金”本期持有807.9万股,占流通股比例6.7%。增持的股东中,社保基金422组合本期较上期自持股份增持38.08%至197.04万股。一季报显示,截止2025年3月31日,新进的流通股东中,北向资金本期持有182.7万股,占流通股比例1.52%。

4月18日,康华生物在发布年报及一季报的同时,发布公告称拟将回购账户中的300万股用途由“用于实施员工持股计划或股权激励”,变更为“用于注销并相应减少注册资本”。股份注销通常被视为公司对自身价值的高度认可,有助于提升每股收益(EPS)和股东权益回报率(ROE),亦显示了康华生物对自身长期价值的信心。

文笔好有肉的糙汉文:解锁无限精彩,与你分享热门影片的魅力与惊喜!的相关文章 戚薇看女孩子恋爱脑真的会着急的相关文章
3位美前总统接连发声谴责特朗普
世界经济进入大停滞了吗
以军称打死黎真主党一高级指挥官
女子伸腿阻止高铁关门被拘,央媒:严格依规公开处理以儆效尤
谷歌报告中称AI或永久毁灭人类
openai官宣400亿美元最新融资
郑州东站回应候车厅温度高没开空调
理想l系列累计交付超100万辆
3位美前总统接连发声谴责特朗普
郑钦文又和萨巴伦卡同区
比分3:4,王楚钦不敌雨果无缘世界杯男单决赛
芬兰宣布将大幅增加国防开支
  • 友情链接:
  • 雨果成乒乓三大赛历史首位南美冠军 欧洲骑士精神和日本武士道精神,两者的最大区别是什么? 如果评价 24-25 赛季,NBA 季后赛西部首轮湖人 VS 森林狼这场比赛? 老板想提拔我当部门经理,但我觉得自己没有天赋,这事该怎么解决? 32岁女子醉酒后疑遭性侵,长沙岳麓警方:刑拘嫌疑人邱某某 刘国梁王曼昱组成混双与小孩打球 汕头22岁女子手术成功却意外脑死亡,家属称缺氧30分钟医生未发觉 近30家公司宣布股票增持 郑州东站回应候车厅温度高没开空调 vivo X系列春季新品发布会

    查看更多评价 ∨