Zheng Quan Shi Bao Wang·2025-05-09 10:16Core Viewpoint - Lijun Group's self-developed injectable aripiprazole microspheres (brand name: Alivai) have been approved for marketing in China, marking a significant breakthrough in long-acting formulations for the treatment of schizophrenia [1][3] Company Summary - The approval of Alivai represents a potential blockbuster product for Lijun Group, following the success of its previous microsphere product, which generated over 10 billion yuan in revenue over nearly a decade [1][5] - The company has established a national-level microsphere technology platform and has launched several complex formulations, enhancing its competitive edge in the long-acting treatment of mental disorders [5] - Lijun Group plans to accelerate the clinical application and accessibility of Alivai, focusing on building a standardized diagnosis and treatment system, deepening doctor-patient education, and upgrading grassroots services [6] Industry Summary - The global market for antipsychotic drugs is expected to grow from 7.27 billion yuan in 2020 to 15.9 billion yuan by 2030, with a CAGR of 8.14% [1] - The long-acting market for antipsychotic medications in China is currently limited, with only a few billion yuan in annual sales, indicating significant growth potential [1][2] - The approval of Alivai is expected to elevate the ceiling of the long-acting market for psychiatric medications, addressing the high treatment interruption and relapse rates among schizophrenia patients in China [2][3]