替尔泊肽365亿美元锁定全球“药王”，礼来预计今年营收超800亿美元

澎湃新闻02-05

礼来的替尔泊肽的2025年全年收入超过诺和诺德的司美格鲁肽，提前锁定2025年全球“药王”位置。　　当地时间2月4日，美国礼来公司（LLY.US）发布2025年第四季度财报以及2025年全年财报。公司第四季度营收192.9亿美元，同比增长43%，高于分析师预期；全年总营收达651.79亿美元，按固定汇率CER计算同比增长44%，净利润206.4亿美元，同比增长95%。　　礼来2025年业绩表现　　...

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href=http://finance.eastmoney.com/a/202602053642147589.html><strong>澎湃新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>礼来的替尔泊肽的2025年全年收入超过诺和诺德的司美格鲁肽，提前锁定2025年全球“药王”位置。　　当地时间2月4日，美国礼来公司（LLY.US）发布2025年第四季度财报以及2025年全年财报。公司第四季度营收192.9亿美元，同比增长43%，高于分析师预期；全年总营收达651.79亿美元，按固定汇率CER计算同比增长44%，净利润206.4亿美元，同比增长95%。　　礼来2025年业绩表现　　...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202602053642147589.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B4JS1V06.HKD","symbol_name":"JANUS HENDERSON BALANCED \"A2\" (HKD) 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year","themeId":"14a501e720ca6fd4496f1db8a2d87ba0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LLY":1.98},"content_text":"礼来的替尔泊肽的2025年全年收入超过诺和诺德的司美格鲁肽，提前锁定2025年全球“药王”位置。　　当地时间2月4日，美国礼来公司（LLY.US）发布2025年第四季度财报以及2025年全年财报。公司第四季度营收192.9亿美元，同比增长43%，高于分析师预期；全年总营收达651.79亿美元，按固定汇率CER计算同比增长44%，净利润206.4亿美元，同比增长95%。　　礼来2025年业绩表现　　受上述消息影响，礼来美股2月4日收涨超10%，市值超过万亿美元。对于2026年，礼来预计全年总营收将达到800亿至830亿美元。　　礼来2025年业绩的最大贡献者仍然是GLP-1/GIP药物替尔泊肽。具体来看，降糖版替尔泊肽全年销售额达到229.65亿美元，同比增长99%；减重版替尔泊肽全年收入达到135.42亿美元，同比增长175%。按此计算，替尔泊肽为礼来贡献了365亿美元收入。　　礼来2025年部分产品销售收入　　替尔泊肽的竞争对手诺和诺德司美格鲁肽2025年全年收入约合361亿美元，超过此前的全球“药王”默沙东的K药，而替尔泊肽以4亿美元左右的差距胜出，提前锁定2025年新“药王”的宝座。或受此消息叠加此前2025年业绩低于预期的影响，诺和诺德美股2月4日盘中最高跌超6%。　　单季度来看，替尔泊肽的增长也相当强势。降糖版替尔泊肽第四季度营收达到74.1亿美元，同比增长110%；减重版替尔泊肽在第四季度实现42.6亿美元的营收，同比增长123%，增长主要由美国市场驱动。　　从市场分布来看，礼来2025年美国市场收入434.81亿美元，同比增长43%；欧洲市场收入115.58亿美元，同比增长62%；日本市场收入21.32亿美元，同比增长16%；中国市场收入19.51亿美元，同比增长18%；其余市场收入60.57亿美元，同比增长42%。　　除了糖尿病和减重，礼来也在积极拓展替尔泊肽的适应证。以中国为例，此前该产品获批用于阻塞性睡眠呼吸暂停（OSA）。1月29日，国家药品监督管理局药品审评中心公示，其代谢相关性脂肪性肝病适应症正式纳入突破性治疗品种名单，有望缩短评审周期。　　此外，礼来也在推动其他减重管线，最具代表性的是GLP-1/GIP/GCG三靶点激动剂retatrutide。礼来在2025年12月公布的研究数据称，该药物在一项后期临床试验中帮助患者减重近29%，还可以帮助患者改善膝关节疼。　　诺和诺德的口服减重版司美格鲁肽还在2025年12月22日于美国获批，成为首款口服GLP-1肥胖治疗药物，也将减肥药的战火拉至口服领域。礼来也拥有口服GLP-1小分子药物orforglipron，该产品已向FDA递交上市申请，或有望在2026年上半年上市。（文章来源：澎湃新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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