大行评级丨高盛：下调科伦博泰生物-B目标价至526.49港元，下调盈测

中金财经03-24

高盛发表研报指，科伦博泰生物-B去年下半年收入为11亿元，高于该行及市场预期，主要由授权收入按年增长79%带动；产品销售按半年跌25%，则逊预期，主要由于核心产品sac-TMT在2025年主要以自费形式销售，患者可及性受限，以及纳入国家医保目录后价格调整的渠道返点影响。　　管理层预期今年sac-TMT销售将倍增，目标成为医保目录内各个适应症的首选药物，占销售逾80%。该行将2026及...

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