泽璟制药已于2020年1月登陆科创板，证券代码：688266.SH，截至1月5日收盘，公司股价为96.99元/股，市值为256.7 亿元。 在经历了近4个月的阴跌之后，今天创新药板块终于再度爆发，港股创新药ETF涨超5%，昭衍新药、三生制药、信达 生物、百济神州等个股大涨。 消息面上，马斯克近日在社交媒体上表示，其脑机接口公司Neuralink将于2026年开始对脑机接口设备进行"大规模生 产"。A股上演映射行情，三博脑科、美好医疗、翔宇医疗、伟思医疗、爱朋医疗等纷纷录得20cm涨停。 次新股英硅智能今日公告，已与全球独立制药公司施维雅（Servier）达成了一项总金额达8.88亿美元的研发合作。 此外，泽璟制药于2025年12月31日公告达成BD，将其CD3×DLL3三特异性抗体(ZG006)授权给艾伯维，泽璟将获得1亿 美元的首付款，以及最高可超11亿美元的里程碑付款。 与此同时，泽璟制药也正在冲击港股IPO。 格隆汇获悉，苏州泽璟生物制药股份有限公司（简称：泽璟制药）于2025年12月19日递表港交所，由中金公司担任保 荐人。 01 总部位于江苏昆山，已有三款产品上市 泽璟制药成立于2009年，2019 ...

Core Viewpoint - Zai Jing Pharmaceutical has announced a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of ZG006, potentially generating up to $1.235 billion in revenue for the company [1][5]. Group 1: Financial Performance - Zai Jing Pharmaceutical reported a record revenue of 593 million yuan for the first three quarters of 2025, continuing a trend of rapid revenue growth since 2021 [1]. - Despite the revenue growth, the company has not achieved profitability since its IPO in 2020, accumulating a total net loss of 1.738 billion yuan by 2025 [8][9]. - The company has seen a decrease in R&D investment from 509 million yuan in 2021 to 388 million yuan in 2024, with a slight increase in 2025 [9]. Group 2: Strategic Developments - The collaboration with AbbVie grants the latter exclusive rights to develop and commercialize ZG006 outside Greater China, while Zai Jing retains rights within the region [4][5]. - ZG006 is a novel trispecific T-cell engager targeting DLL3, currently in late-stage clinical development for small cell lung cancer and other DLL3-expressing malignancies [4]. - The agreement includes an upfront payment of $100 million and potential milestone payments totaling up to $1.235 billion, significantly enhancing the company's financial outlook [5]. Group 3: Market Position and Future Plans - Zai Jing Pharmaceutical is pursuing an IPO on the Hong Kong Stock Exchange to support its internationalization strategy and enhance brand recognition [2][10]. - The company aims to leverage the collaboration with AbbVie to expand ZG006 into multiple indications and improve its global market presence [5]. - The strategic focus includes addressing unmet medical needs in oncology and blood diseases, with a pipeline covering 29 projects [7].

Group 1: Innovation in Pharmaceuticals - In 2025, China approved a record 76 innovative drugs, significantly surpassing the 48 approved in 2024, marking a historical high [1] - The total amount of foreign licensing transactions for innovative drugs in China exceeded $130 billion in 2025, with over 150 transactions, also a historical high [1] - Among the 76 approved innovative drugs, 47 are chemical drugs, 23 are biological products, and 6 are traditional Chinese medicines, with a high proportion of domestic innovations [1] Group 2: Drug Approval and Clinical Trials - China Medical's subsidiary Tianfang Pharmaceutical received approval for clarithromycin tablets, which passed the consistency evaluation for generic drugs [2] - Microchip Biotech announced that its CS08399 tablets for treating tumors with MTAP deficiency have had their clinical trial application accepted [3] - Frontier Biotech's FB7013 injection, targeting MASP-2 for IgA nephropathy, received acceptance for its clinical trial application, marking it as a first-in-class drug [4] Group 3: Capital Market Activities - Yifang Biotechnology submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the exclusive sponsor [5] - Wanyi Medical also submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International as the exclusive sponsor [6] Group 4: Corporate Investments and Acquisitions - Yunnan Baiyao plans to invest up to 45% of its net assets in financial products in 2026 [7] - Haili Biological's subsidiary intends to acquire 51% stakes in seven dental chain companies for 61.2 million yuan, expecting to increase revenue by approximately 100 million yuan [9] Group 5: Corporate Restructuring and Legal Matters - *ST Chang Pharmaceutical announced that its restructuring investors intend to terminate the restructuring investment agreement [10] - Zai Lab entered a global strategic cooperation and licensing agreement with AbbVie for the development and commercialization of ZG006, with potential milestone payments totaling up to $10.75 billion [11] - Tianyu Biotech's actual controller received a notice from the China Securities Regulatory Commission regarding an investigation into alleged illegal stock reduction [13]

Group 1: Company Announcements - Zhongwei Company plans to acquire 64.69% equity of Hangzhou Zhonggui through a combination of share issuance and cash payment, aiming to enhance its capabilities in CMP equipment and solutions [1] - Lixun Precision intends to repurchase shares worth between 1 billion to 2 billion RMB for employee stock ownership plans or equity incentives, with a maximum repurchase price of 86.96 RMB per share [2] - ZaiJing Pharmaceutical has reached a global strategic cooperation and licensing agreement with AbbVie for the development and commercialization of ZG006, receiving an upfront payment of 100 million USD [3] - Tianci Materials expects a net profit increase of 127% to 231% for 2025, driven by significant growth in lithium-ion battery material sales [4] - Meike Home plans to acquire 100% equity of Shenzhen Wande Technology through share issuance and cash payment, with stock resuming trading on January 5, 2026 [6][7] - ST KeliDa is planning a change in control, with stock suspension starting January 5, 2026, due to the transfer of 100% equity of its controlling shareholder [8] - Xinzhou Bang intends to invest approximately 260 million USD in a lithium-ion battery materials project in Saudi Arabia, enhancing its global capacity and supply chain [9] Group 2: Financial Performance - Kid's King anticipates a net profit increase of 51.72% to 82.06% for 2025 [9] - Guangku Technology expects a net profit growth of 152% to 172% for 2025 [9] Group 3: Mergers and Acquisitions - Xidi Micro plans to acquire 100% equity of Chengxin Micro for 310 million RMB [9] - Haili Biological's subsidiary intends to acquire 51% equity of seven dental chain companies for 61.2 million RMB [9]

证券代码：688266 证券简称：泽璟制药 公告编号：2026-001 苏州泽璟生物制药股份有限公司 关于与艾伯维就 ZG006 的开发和商业化权益达成 全球战略合作与许可选择权协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 苏州泽璟生物制药股份有限公司（以下简称"公司"或"泽璟"）与艾伯 维集团控股公司（注册地：百慕大）（以下简称"艾伯维"）就 ZG006（Alveltamig） 的全球开发及商业化达成战略合作与许可选择权协议。根据协议，艾伯维获得 ZG006（Alveltamig）在大中华区（为本协议之目的，包含中国大陆、香港特别行 政区、澳门特别行政区）以外地区独家开发与商业化权利，而泽璟将保留在大中 华区 ZG006 的开发与商业化权利。 根据协议，泽璟将获得 1 亿美元的首付款，及基于临床进展的近期里程碑 付款和与许可选择相关的付款最高 6,000 万美元；如艾伯维行使许可选择权，泽璟 还有资格获得最高达 10.75 亿美元的里程碑付款，并就包含 ZG006 的产品在大中 华区以外的净 ...

Core Insights - Suzhou Zelgen Biopharmaceutical Co., Ltd. has announced a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of its core product ZG006 (Alveltamig) [1] - AbbVie will obtain exclusive rights for ZG006 outside Greater China, while Zelgen retains all rights within Greater China [1] Financial Terms - Zelgen will receive an upfront payment of $100 million, with potential milestone payments up to $1.235 billion and tiered royalties [2] - The total potential amount from this collaboration could reach $1.235 billion (approximately 8.9 billion RMB), with the upfront payment already confirmed [2] - Royalties will be structured on a tiered basis, ranging from high single digits to mid-double digits based on net sales outside Greater China [2] Product Overview - ZG006 is a novel trispecific T-cell engager targeting DLL3 protein, currently in late-stage clinical development for small cell lung cancer and other DLL3-expressing malignancies [3] - The drug has received significant attention from regulatory agencies in both China and the U.S. due to the high malignancy of small cell lung cancer and limited existing treatment options [3] Strategic Significance - This collaboration represents a key implementation of Zelgen's strategy of "parallel independent research and open collaboration" [4] - By leveraging AbbVie's global clinical development and commercialization network, the international market expansion of ZG006 will be significantly accelerated [4] - The partnership also highlights the growing competitiveness of Chinese innovative pharmaceutical companies on the global stage [4]

Core Viewpoint - Zai Lab has entered into a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of ZG006 (Alveltamig), retaining rights in Greater China while granting AbbVie exclusive rights outside this region [1] Group 1: Agreement Details - AbbVie will receive exclusive development and commercialization rights for ZG006 outside of Greater China, which includes mainland China, Hong Kong, and Macau [1] - Zai Lab will receive an upfront payment of $100 million, along with milestone payments based on clinical progress and additional payments related to the licensing option, totaling up to $60 million [1] - If AbbVie exercises the licensing option, Zai Lab is eligible for up to $1.075 billion in milestone payments and will receive tiered royalties ranging from high single digits to mid-teens on net sales of the product outside Greater China [1]

Core Viewpoint - Zai Lab has entered into a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of ZG006 (Alveltamig), retaining rights in Greater China while granting AbbVie exclusive rights outside this region [1] Group 1: Agreement Details - AbbVie will receive exclusive development and commercialization rights for ZG006 outside of Greater China, which includes mainland China, Hong Kong, and Macau [1] - Zai Lab will receive an upfront payment of $100 million, along with milestone payments based on clinical progress and additional payments related to the licensing option, totaling up to $60 million [1] - If AbbVie exercises the licensing option, Zai Lab is eligible for up to $1.075 billion in milestone payments and will receive tiered royalties ranging from high single digits to mid-teens based on net sales of the product outside Greater China [1]

Core Viewpoint - Zai Jian Pharmaceutical has entered into a strategic collaboration and licensing agreement with AbbVie for the global development and commercialization of ZG006 (Alveltamig), retaining rights in Greater China while granting AbbVie exclusive rights outside this region [1] Group 1: Agreement Details - AbbVie will pay Zai Jian a $100 million upfront payment, with potential milestone payments of up to $60 million based on clinical progress [1] - If AbbVie exercises its licensing option, Zai Jian could receive up to $1.075 billion in milestone payments and tiered royalties ranging from high single digits to mid-double digits on net sales outside Greater China [1] Group 2: Product Information - ZG006 is a novel trispecific T-cell engager targeting DLL3, currently in late-stage clinical development for small cell lung cancer and other DLL3-expressing malignancies [1] - The drug has received clinical trial approval from the FDA and NMPA, and has been designated as a breakthrough therapy for relapsed or progressive advanced small cell lung cancer and DLL3-positive neuroendocrine carcinoma by NMPA [1] - ZG006 has also been granted orphan drug designation by the FDA [1]

Core Viewpoint - Zejing Pharmaceutical (688266.SH) has entered into a strategic cooperation and licensing option agreement with AbbVie for the global development and commercialization of ZG006 (Alveltamig) [1] Group 1: Agreement Details - AbbVie has obtained exclusive rights for the development and commercialization of ZG006 outside of Greater China, while Zejing retains rights within Greater China [1] - Zejing will receive an upfront payment of $100 million, along with milestone payments based on clinical progress and licensing options totaling up to $60 million [1] - If AbbVie exercises the licensing option, Zejing is eligible for up to $1.075 billion in milestone payments and will receive tiered royalties ranging from high single digits to mid-double digits on net sales of the product outside Greater China [1]