CXO，一定要出去抢！

谈思生物2025-09-27

眼下，创新药整体估值已高，能挖的“低位” biotech 所剩无几，连君实这类笔者也早就安利过，实在翻不出新花样。既然药圈高处不胜寒，干脆换个赛道，蹲一蹲 CXO 的“洼地”。把视野放大，扫了眼国内 CXO 出海战绩，又对照了 Lonza 这类全球龙头，心里大概有了粗线条图景。药明生物的市值曲线就是最佳注脚：高位曾冲破 5000 亿港币，如今只剩 1500 亿港币上下，水位差肉眼可见。把目光锁定它...

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