Group 1 - The small molecule GLP-1RA market is expected to provide new growth opportunities for weight loss and diabetes management, with Eli Lilly's Orforglipron leading the global development [1][2] - Orforglipron has completed three global Phase III clinical trials, confirming its safety, although its weight loss efficacy did not meet market expectations [2][3] - Domestic companies such as Hengrui Medicine, East China Pharmaceutical, and Genscript Biotech are actively developing small molecule GLP-1RA pipelines, with several products entering late-stage clinical trials [3] Group 2 - The pharmacokinetic characteristics of small molecule GLP-1RAs may significantly impact their efficacy, prompting companies to explore new formulations to enhance solubility [4] - Genscript's ASC30 shows higher drug exposure and receptor binding efficacy compared to Orforglipron, indicating potential for better clinical outcomes [4]
开源证券:Orforglipron领跑全球小分子GLP-1RA赛道 国内管线价值逐渐凸显