财报前瞻 | 辉瑞(PFE.US)与默沙东(MRK.US)同日放榜：专利悬崖与增长引擎切换下，制药业迎估值考验

智通财经08-04

【财报前瞻 | 辉瑞(PFE.US)与默沙东(MRK.US)同日放榜：专利悬崖与增长引擎切换下，制药业迎估值考验】智通财经APP获悉，周二盘前，美国两大制药巨头辉瑞(PFE.US)与默沙东(MRK.US)将同日发布2026年第二季度财报。尽管两家公司均面临专利到期与增长引擎切换的共同压力，但市场给出的预期却呈现出截然不同的叙事：辉瑞预计将延续疫情后利润下滑的趋势，而默沙东则因Keytruda专利悬崖前的战略布局与新品放量，正站在业绩拐点的十字路口。

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