美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进

华龙证券03-02

（以下内容从华龙证券《美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进》研报附件原文摘录）摘要：康哲药业旗下创新药新增AD适应症上市申请获受理，研发进程稳步推进。康哲药业旗下德镁医药的创新药磷酸芦可替尼乳膏，于2026年2月24日获NMPA受理新增轻中度特应性皮炎（AD）适应症的NDA，并被纳入优先审评。该产品是中国首个且唯一获批的白癜风靶向药，其针对AD的三期临床...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2616384202?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-03-02 16:11","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2616384202","market":"hk","top_or_hot":-1,"title":"美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进","media":"华龙证券","content":"<div>\n<p>（以下内容从华龙证券《美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进》研报附件原文摘录）摘要：康哲药业旗下创新药新增AD适应症上市申请获受理，研发进程稳步推进。康哲药业旗下德镁医药的创新药磷酸芦可替尼乳膏，于2026年2月24日获NMPA受理新增轻中度特应性皮炎（AD）适应症的NDA，并被纳入优先审评。该产品是中国首个且唯一获批的白癜风靶向药，其针对AD的三期临床...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161134a730a861&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-02 16:11 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161134a730a861&s=b><strong>华龙证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>（以下内容从华龙证券《美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进》研报附件原文摘录）摘要：康哲药业旗下创新药新增AD适应症上市申请获受理，研发进程稳步推进。康哲药业旗下德镁医药的创新药磷酸芦可替尼乳膏，于2026年2月24日获NMPA受理新增轻中度特应性皮炎（AD）适应症的NDA，并被纳入优先审评。该产品是中国首个且唯一获批的白癜风靶向药，其针对AD的三期临床...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161134a730a861&s=b\">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":"SG9999004220.SGD","symbol_name":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161134a730a861&s=b","article_id":"2616384202","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260302161134a730a861&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2616384202","pubTimestamp":1772439084,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"康哲药业旗下德镁医药的创新药磷酸芦可替尼乳膏，于2026年2月24日获NMPA受理新增轻中度特应性皮炎适应症的NDA，并被纳入优先审评。该产品是中国首个且唯一获批的白癜风靶向药，其针对AD的三期临床数据优异，且德镁医药已构建覆盖全重度AD的“治疗+护理”综合解决方案。3）新产品研发上线及表现不及预期。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","00867":"康哲药业","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","BK1161":"生物科技","IE00BYV24P56.USD":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","06978":"永泰生物-B","LU2488822045.USD":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK1593":"医美概念股","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","BK1191":"制药","BK1574":"生物医药B类股"},"translate_title":"Beauty care industry weekly report: The application for marketing of new AD indications of CMS's innovative drugs has been accepted, and research and development is progressing steadily","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00867":1.5,"06978":1.5},"content_text":"（以下内容从华龙证券《美容护理行业周报：康哲药业旗下创新药新增AD适应症上市申请获受理，研发稳步推进》研报附件原文摘录）摘要：康哲药业旗下创新药新增AD适应症上市申请获受理，研发进程稳步推进。康哲药业旗下德镁医药的创新药磷酸芦可替尼乳膏，于2026年2月24日获NMPA受理新增轻中度特应性皮炎（AD）适应症的NDA，并被纳入优先审评。该产品是中国首个且唯一获批的白癜风靶向药，其针对AD的三期临床数据优异，且德镁医药已构建覆盖全重度AD的“治疗+护理”综合解决方案。资生堂中国与美丽田园达成战略合作，携手引领院线科技美肤新体验。2026年2月27日，资生堂中国与高端美容连锁品牌美丽田园达成战略合作，双方将整合资生堂的前沿科研技术与美丽田园的高端院线服务，打造覆盖全生命周期的科学护肤解决方案，强化资生堂在医美及生活美容市场的布局。作为合作首个落地项目，双方联合推出的“光感透白”高端美白护理项目将于2026年3月登陆美丽田园全国核心门店，该项目搭载资生堂独家科技，聚焦脆弱肌与医美后肌肤修护及定制化焕白需求，助力实现肌肤净澈、透亮与肤色均匀。投资建议：基于临床数据驱动的系统性创新能力，依托多管线研发体系及经三期临床验证的差异化产品布局，相关医美企业的业务正摆脱单一适应症布局的局限，向“多治疗领域拓展”“治疗+护理综合解决方案”的高壁垒专科化发展转型。维持美容护理行业“推荐”评级。建议重点关注：1）依托核心原料技术优势，布局全产业链矩阵的功能性护肤企业：丸美生物、华熙生物、巨子生物；2）精准把握细分赛道，在婴童护理等新兴领域建立差异化优势：润本股份；3）传统品牌积极转型，通过多品牌矩阵与渠道优化实现价值重估：珀莱雅、上海家化；4）深耕专业护肤赛道，凭借明星单品与强研发能力持续领跑：贝泰妮、爱美客。风险提示：1）技术发展不及预期。2）行业竞争加剧。3）新产品研发上线及表现不及预期。4）政策及监管环境趋严。5）受宏观环境影响，医美消费不及预期。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"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 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2616384202","isCrawlerRequest":true}