Core Insights - The eleventh batch of national organized drug procurement has produced selection results, including 55 types of commonly used drugs across various fields such as anti-infection, anti-allergy, anti-tumor, blood sugar reduction, blood pressure reduction, blood lipid reduction, and anti-inflammatory pain relief [1] - The procurement aims to achieve goals of stabilizing clinical use, ensuring quality, preventing excessive competition, and avoiding collusion [1] - The selection process has become more competitive compared to previous batches, but measures such as excluding products with a scale below 100 million, setting "anchor prices" to prevent extreme low-price impacts, and introducing a revival mechanism have maintained a relatively high selection rate [1] Summary by Categories Procurement Details - A total of 55 drugs were included in this procurement round, covering essential therapeutic areas [1] - The average price difference of selected products has significantly narrowed compared to previous batches, indicating effective measures against excessive competition [1] Quality Assurance - Bidding companies are required to have experience in producing similar types of drugs, and production lines must not have violated quality management regulations in the past two years [1] - The drug regulatory authority will conduct comprehensive supervision and inspection of selected products post-procurement [1] Future Implications - The results of this procurement round will be officially announced, with expectations that patients nationwide will have access to high-quality and affordable selected drugs by February 2026 [1]

Policy Developments - The "14th Five-Year Plan" emphasizes accelerating the construction of a Healthy China, implementing a health-first development strategy, and enhancing public health capabilities [2] - The plan aims to improve the healthcare system, promote the integration of traditional Chinese and Western medicine, and support the development of innovative drugs and medical devices [2] Drug and Device Approvals - Shanghai Pharmaceuticals' bromide pyridostigmine sustained-release tablets have received production approval from the National Medical Products Administration, which is expected to enhance market share and competitiveness [3] - The company has invested approximately RMB 16.009 million in the research and development of this drug [3] Financial Reports - Fosun Pharma reported a 26% year-on-year increase in net profit for the first three quarters of 2025, despite a 4.91% decline in revenue [4] - Haisheng Pharmaceutical achieved a 40.89% increase in revenue and a 47.16% increase in net profit for the first three quarters of 2025 [5] Capital Market Activities - New Tian Di has entered a strategic cooperation agreement with Nanjing Zhihe Pharmaceutical to develop GLP-1 long-acting peptide innovative drugs [6][7] - WuXi AppTec signed strategic cooperation memorandums with NEOM and the Saudi Ministry of Health to explore localized new drug R&D and production services [8] Industry Events - The results of the 11th batch of national drug centralized procurement were announced, including 55 drugs aimed at stabilizing clinical needs and ensuring quality [9][10] - The procurement process has raised the qualification thresholds for bidding companies and aims to prevent collusion in pricing [10] Intellectual Property Developments - The Deputy Director of the National Intellectual Property Administration of China met with representatives from the International Pharmaceutical Alliance to discuss patent protection and dispute resolution mechanisms [11] Shareholder Actions - BioVeda, a major shareholder of AoJing Medical, has completed a share reduction plan, selling 1.3555 million shares, which represents 1% of the company's total equity [12]

Core Viewpoint - The article emphasizes the importance of ensuring the quality of drugs in the national centralized procurement system, which aims to provide affordable and reliable medications to the public while maintaining stringent quality standards [1][2]. Group 1: Drug Procurement Success - The 11th batch of national centralized drug procurement successfully included 55 types of drugs, contributing to a total of 490 quality and affordable essential and life-saving drugs available to the public over the past seven years [1]. - The centralized procurement policy has effectively reduced drug prices by leveraging volume to negotiate better rates, benefiting patients in terms of medical costs [1]. Group 2: Quality Assurance Measures - Ensuring drug quality is critical; the procurement process has tightened quality controls, focusing on well-established "old drugs" with a history of clinical use, while excluding high-risk drugs from the current procurement [1]. - New procurement rules set strict quality thresholds, requiring bidding companies to have relevant production experience and compliance with drug production quality management standards [1]. Group 3: Regulatory Oversight - The regulatory authorities will conduct comprehensive supervision of selected drugs, with the power to revoke procurement qualifications if quality issues arise during post-selection inspections [2]. - Continuous quality monitoring throughout the drug production, distribution, and usage processes is essential, alongside the responsibility of pharmaceutical companies to prioritize drug safety [2].

Group 1: National Drug Procurement - The 11th batch of national drug centralized procurement includes 55 drugs, covering common medications in areas such as anti-infection, anti-allergy, anti-tumor, blood sugar reduction, blood pressure reduction, and blood lipid reduction [1] - The average price difference of selected products has significantly narrowed compared to previous batches, indicating a more competitive environment [1] - Measures such as excluding products with a scale below 100 million yuan, setting "anchor prices" to prevent extreme low-price impacts, and introducing a revival mechanism have maintained a relatively high selection rate, promoting rational competition and industry innovation [1] Group 2: Xingqi Eye Pharmaceutical - Xingqi Eye Pharmaceutical reported a net profit increase of 105.98% in the first three quarters, with revenue of approximately 1.904 billion yuan, a year-on-year increase of 32.27% [2] - The increase in revenue is primarily attributed to the sales growth of eye drop products, demonstrating strong market competitiveness [2] - This performance is expected to enhance investor confidence and attract more capital into the company [2] Group 3: Novartis - Novartis reported a 5% revenue growth in the Chinese market for the first three quarters, with total revenue of 4.1196 billion USD, a year-on-year increase of 11% [3] - The company has ten blockbuster products with cumulative sales exceeding 1 billion USD each, indicating solid market competitiveness [3] - However, the slowdown in revenue growth in the Chinese market is noteworthy amidst a complex global economic environment [3] Group 4: Qianxin Biotech and Roche - Qianxin Biotech has entered into a global exclusive licensing agreement with Roche for its self-developed long-acting dual antibody QX031N, receiving an upfront payment of 75 million USD and potential milestone payments up to 995 million USD [4] - QX031N targets TSLP and IL-33, showcasing the company's R&D competitiveness and recognition from multinational pharmaceutical companies [4] - This collaboration is expected to attract more capital attention to China's innovative drug sector and promote overall industry development [4] Group 5: Haili Biotech - Haili Biotech responded to regulatory inquiries regarding its semi-annual report, explaining the high accounts receivable due to industry downturn pressures and efforts to maintain core customer relationships by extending payment terms [5] - While this strategy aims to stabilize customer relations, it may increase bad debt risks if accounts receivable are not effectively collected, potentially eroding profits [5] - Investors are advised to closely monitor the company's accounts receivable management measures and changes in the industry environment to assess its long-term investment value [5]

10月28日，上海阳光医药采购网公示了第十一批国家组织药品集中带量采购拟中选结果。 此次集采共纳入55种药品，覆盖抗感染、抗过敏、抗肿瘤、降血糖、降血压、降血脂、消炎镇痛等领域常用药品。全国共4.6万家医药机构参加报量，445家 企业的794个产品参与投标。其中，272家企业的453个产品获得拟中选资格。 拟中选结果公示时间为10月28日至31日。 （文章来源：中国经营报） 截至目前，国家医保局共开展十一批国家组织药品集采，成功采购490种药品。 ...

Core Insights - The eleventh round of national organized drug procurement has selected 55 drugs, enhancing accessibility and affordability for patients [1][2] - The procurement aims to stabilize clinical use and ensure drug quality while preventing excessive competition and collusion among companies [3][4] Group 1: Procurement Details - A total of 4.6 million medical institutions participated, with 445 companies submitting bids, resulting in 453 products from 272 companies being shortlisted [1] - Key selected drugs include Dapagliflozin and Pravastatin, both of which achieved over 1 billion yuan in sales in 2024 [1] - The procurement process has successfully completed 11 rounds, acquiring a total of 490 drugs [2] Group 2: Market Competition and Pricing - The procurement introduced measures to prevent excessive competition, such as not collecting bids for products priced below 10 million yuan and setting a price anchor at 50% of the average price [3][4] - The average price difference for selected products has decreased compared to previous rounds, indicating a more stable pricing environment [3] - The procurement rules restrict any single company from winning more than 50% of the total procurement volume for a specific drug, promoting market diversity [6] Group 3: Clinical and Quality Assurance - The procurement process allows medical institutions to report quantities based on either generic names or specific brands, with 77% of institutions opting for brand reporting [5][6] - The focus on children's medication has been emphasized, with adjustments made to ensure the availability of suitable formulations for pediatric patients [7] - Stringent quality control measures are in place, including consistency evaluations and increased regulatory oversight for low-bid companies [8] Group 4: Industry Impact - The procurement is expected to indirectly support innovation by stabilizing profits for generic drugs, allowing companies to invest in research and development [8] - The introduction of a "revival mechanism" for non-selected bids provides companies with a second chance to secure market share, reducing market volatility [8] - The industry is witnessing a shift towards innovation, with an increasing number of companies focusing on developing new drugs rather than solely relying on generics [8]

Core Points - The eleventh round of national organized drug procurement has been completed, involving 55 types of drugs across various therapeutic areas, with 445 companies participating and 453 products proposed for selection [1][10] - The procurement aims to achieve goals of stabilizing clinical needs, ensuring quality, preventing excessive competition, and avoiding collusion among bidders [1][7][8] Group 1: Procurement Details - A total of 4.6 million medical institutions participated in the bidding process, with 272 companies' products meeting the proposed selection criteria [1] - The average selection rate for products is approximately 57%, with about 60% of participating companies achieving selection [10] - The procurement process has seen a record number of participating companies, indicating heightened competition in the pharmaceutical sector [5][10] Group 2: Goals and Achievements - The selected products align closely with the needs of medical institutions, with 75% of procurement requests being met [7] - The threshold for bidding companies has been raised to ensure quality, requiring experience in producing similar drugs and compliance with production quality standards [7][8] - Measures have been implemented to guide rational pricing, including the introduction of a "reference price" to prevent extreme low pricing [7][8] Group 3: Market Implications - The procurement process encourages companies to focus on product quality and brand building rather than solely on cost-cutting strategies [11] - Companies that previously relied on aggressive pricing strategies may need to reassess their market approach due to changes in procurement dynamics [11] - Several listed pharmaceutical companies have disclosed their proposed selected products, indicating potential positive impacts on their market performance and brand influence [12]

Core Insights - The eleventh round of national organized drug procurement has selected 55 drugs, enhancing accessibility for essential medications across various therapeutic areas [1][2] - The procurement process aims to stabilize clinical drug supply and ensure quality, with measures in place to prevent price undercutting and collusion among companies [4][5] Group 1: Procurement Details - A total of 4.6 million medical institutions participated, with 445 companies submitting bids, resulting in 453 products from 272 companies being shortlisted [1] - The selected drugs include notable medications such as Dapagliflozin and Pravastatin, which are expected to exceed sales of 1 billion yuan in 2024 [1] - The procurement process has successfully achieved its goals of maintaining clinical stability, ensuring quality, and preventing excessive competition [2] Group 2: Market Dynamics - The competitive intensity in this round of procurement has increased significantly, with measures implemented to maintain a reasonable pricing structure and prevent extreme low bids [4][5] - The introduction of a price anchor mechanism and restrictions on companies with related interests aims to foster fair competition and prevent collusion [5] - The procurement rules allow medical institutions to report quantities based on either generic names or specific brands, aligning with clinical practices and enhancing drug availability [6] Group 3: Impact on Pharmaceutical Industry - The procurement process is expected to indirectly empower innovation by controlling profits from generic drugs, thus encouraging companies to invest in research and development [8] - The new "revival mechanism" allows companies that do not win bids to still secure a portion of the market, reducing the impact of pricing errors [8] - The focus on quality and safety in drug procurement is expected to drive the pharmaceutical industry towards higher standards and innovation, with a notable increase in the number of innovative drug applications in recent years [8]

Core Insights - The latest round of national organized drug procurement has successfully selected 55 drugs, expanding the total to 490 drugs covered by the program [1][5] - The selected drugs address a wide range of clinical needs, including anti-infection, anti-tumor, pediatric, and chronic disease medications [2][5] - The procurement process has seen significant competition, with up to 40 companies bidding for some products, indicating a robust pharmaceutical industry [3][4] Group 1: Drug Procurement Details - A total of 272 companies submitted 453 products for the latest procurement, all of which were successfully selected [1] - The new batch includes essential medications such as anti-allergy, diabetes, and antiviral drugs, highlighting the program's focus on public health needs [2] - Special attention has been given to pediatric medications, with adjustments made to encourage the supply of smaller dosage forms [2] Group 2: Market Dynamics - The procurement process involved 445 companies and 794 products, showcasing a highly competitive environment [3] - The selection mechanism includes a "revival opportunity" for bidders, allowing for a more inclusive approach rather than a strict lowest-price selection [3] - The emphasis on quality assurance and supply chain stability aims to enhance the overall reliability of the procurement process [3][4] Group 3: Regulatory Improvements - Recent updates to procurement rules aim to improve transparency and align with clinical needs, enhancing the overall quality of the drugs procured [4] - The iterative nature of the procurement rules reflects a commitment to meet both patient needs and industry development [4] - The program has been ongoing for over seven years, successfully integrating a wide range of medical supplies beyond just pharmaceuticals [4]

二是提高投标企业资质门槛，促进"保质量"。要求投标企业具有同类型药品生产经验，同时要求投标药 品所在生产线2年内不存在违反药品生产质量管理规范等情况，后期药监部门将对中选产品开展全覆盖 监督检查。 三是引导企业理性报价，旗帜鲜明"反内卷"。本次集采竞争激烈程度远高于前十批集采，但通过1亿元 以下规模产品不集采、设置"锚点价"防止极端低价冲击、引入复活机制、事前反复宣介引导企业科学报 价等措施，保持了较高中选率，中选产品平均价差较此前批次明显缩小。 北京商报讯（记者 丁宁）10月28日晚间，国家医保局公告显示，10月27日，第十一批国家组织药品集 中带量采购产生中选结果。国家医保局表示，本次集采认真落实国务院常务会议作出的"推动集采工作 规范化制度化常态化开展"决策部署，总体实现"稳临床、保质量、反内卷、防围标"预期目标。 一是中选产品与医疗机构需求更加匹配，强化"稳临床"。医疗机构既可以按通用名报量，也可以按厂牌 报量，从中选结果看，医疗机构要求采购产品报量的75%得到满足，中选品牌与临床需求匹配度高。供 应能力强、质量有保障的主流企业多数中选，每个地区均有多家中选企业供应，中选品种更加丰富多 元。 四是全链 ...