吉贝尔：前三季度营收利润稳健增长 抗抑郁新药完成三期临床

Core Insights - Jibeier (688566.SH) reported a steady growth in revenue and profit for the first three quarters of 2025, with revenue reaching 704 million yuan, a year-on-year increase of 9.52%, and net profit attributable to shareholders reaching 197 million yuan, up 12.80% [1] Group 1: Company Performance - The company has completed the Phase III clinical trial for its new antidepressant drug JJH201501 and plans to submit a New Drug Application (NDA) [1] - JJH201501 is developed using a deuterated drug research platform and is designed to have a multi-receptor action mechanism, potentially offering improved pharmacokinetics [1] Group 2: Market Context - There are approximately 95 million depression patients in China, with 30.28% being under 18 years old, indicating a significant market for antidepressant drugs [2] - The global antidepressant market was valued at approximately $14.5 billion in 2022 and is expected to reach $17.6 billion by 2030 [2] Group 3: Clinical Trial Results - JJH201501 demonstrated good safety and tolerability in clinical trials, with lower incidence rates of common adverse reactions compared to the existing drug vortioxetine [3] - The trial results showed that the dropout and permanent discontinuation rates due to adverse reactions in the 10mg and 15mg groups were comparable to the placebo group and lower than the 20mg group of vortioxetine [3] Group 4: Commercialization Strategy - The company is actively promoting the commercialization of JJH201501, leveraging its existing product channels to accelerate market entry [3] - JJH201501's Phase III clinical trials were conducted across over twenty hospitals nationwide, providing a strong foundation for future commercialization efforts [3]