Core Viewpoint - Watson Bio has received approval for a clinical trial of a freeze-dried mRNA vaccine for herpes zoster, developed in collaboration with several partners [2] Company Summary - Watson Bio's subsidiary, Beijing Watson Innovation Biotechnology Co., Ltd., along with Yunnan Vaccine Laboratory Co., Ltd. and Yuxi Watson Biotechnology Co., Ltd., is involved in the development of the mRNA vaccine [2] - The vaccine development is a joint effort with Fudan University and Shanghai Blue Magpie Biomedical Co., Ltd. [2] Industry Summary - The approval from the National Medical Products Administration marks a significant step in the advancement of mRNA vaccine technology in the field of infectious diseases [2]

沃森生物（300142）(300142.SZ)公告，公司子公司北京沃森创新生物技术有限公司、云南疫苗实验室 有限公司、玉溪沃森生物技术有限公司与复旦大学、上海蓝鹊生物医药有限公司(简称"蓝鹊生物")联合 研发并共同申请临床试验的冻干带状疱疹病毒mRNA疫苗，于近日获得国家药品监督管理局签发的《药 物临床试验批准通知书》。经审查，2025年9月18日受理的冻干带状疱疹病毒mRNA疫苗符合药品注册 的有关要求，同意开展预防带状疱疹的临床试验。 ...

人民财讯12月12日电，沃森生物(300142)12月12日公告，由公司子公司北京沃森创新生物技术有限公 司、云南疫苗实验室有限公司、玉溪沃森生物技术有限公司与复旦大学、上海蓝鹊生物医药有限公司联 合研发并共同申请临床试验的冻干带状疱疹病毒mRNA疫苗，于近日获得国家药品监督管理局签发的 《药物临床试验批准通知书》。 转自：证券时报 ...

Core Viewpoint - Watson Bio's subsidiary has received approval for clinical trials of a freeze-dried mRNA vaccine for herpes zoster from the National Medical Products Administration of China [1] Group 1: Company Developments - Watson Bio, along with Fudan University and Shanghai Bluebird Biomedicine, has jointly developed and applied for clinical trials of the mRNA vaccine [1] - The vaccine aims to stimulate the immune system to produce immunity against the herpes zoster virus for prevention purposes [1] Group 2: Regulatory Approval - The clinical trial approval notice was issued under the registration categories of preventive biological products [1] - The approval was based on compliance with the relevant requirements of the Drug Administration Law and Vaccine Administration Law of the People's Republic of China [1]

（记者 贾运可） 截至发稿，沃森生物市值为181亿元。 每经头条（nbdtoutiao）——实施城乡居民增收计划、降准降息等工具灵活高效运用、增加普通高中学 位……深度解读中央经济工作会议 每经AI快讯，沃森生物（SZ 300142，收盘价：11.31元）12月12日晚间发布公告称，公司子公司北京沃 森创新生物技术有限公司、云南疫苗实验室有限公司、玉溪沃森生物技术有限公司与复旦大学、上海蓝 鹊生物医药有限公司（以下简称"蓝鹊生物"）联合研发并共同申请临床试验的冻干带状疱疹病毒mRNA 疫苗，于近日获得国家药品监督管理局签发的《药物临床试验批准通知书》。通知书编号为： 2025LP03354；2025LP03355。注册分类：预防用生物制品。审批结论：根据《中华人民共和国药品管 理法》《中华人民共和国疫苗管理法》及有关规定，经审查，2025年9月18日受理的冻干带状疱疹病毒 mRNA疫苗符合药品注册的有关要求，同意开展预防带状疱疹的临床试验。 2025年1至6月份，沃森生物的营业收入构成为：自主疫苗占比94.82%，中间产品收入占比4.67%，其他 业务占比0.26%，服务收入占比0.24%。 ...

智通财经APP讯，沃森生物(300142.SZ)公告，公司子公司北京沃森创新生物技术有限公司、云南疫苗实 验室有限公司、玉溪沃森生物技术有限公司与复旦大学、上海蓝鹊生物医药有限公司(简称"蓝鹊生物") 联合研发并共同申请临床试验的冻干带状疱疹病毒mRNA疫苗，于近日获得国家药品监督管理局签发的 《药物临床试验批准通知书》。经审查，2025年9月18日受理的冻干带状疱疹病毒mRNA疫苗符合药品 注册的有关要求，同意开展预防带状疱疹的临床试验。 ...

沃森生物公告，子公司北京沃森创新生物技术有限公司、云南疫苗实验室有限公司、玉溪沃森生物技术 有限公司与复旦大学、上海蓝鹊生物医药有限公司联合研发并共同申请临床试验的冻干带状疱疹病毒 mRNA疫苗，于近日获得国家药品监督管理局签发的《药物临床试验批准通知书》。通知书编号为： 2025LP03354；2025LP03355。注册分类：预防用生物制品。审批结论：根据《中华人民共和国药品管 理法》《中华人民共和国疫苗管理法》及有关规定，经审查，2025年9月18日受理的冻干带状疱疹病毒 mRNA疫苗符合药品注册的有关要求，同意开展预防带状疱疹的临床试验。 ...

Core Viewpoint - Watson Bio (300142) is focusing on mRNA technology platform, synthetic biology manufacturing, microecological health, and functional nutrition intervention as key areas for development [1] Group 1: Business Developments - The company has submitted clinical trial applications for respiratory syncytial virus mRNA vaccine and lyophilized varicella-zoster virus mRNA vaccine to the National Medical Products Administration, which have been accepted [1] - Ongoing developments in synthetic biology manufacturing, microecological health, and functional nutrition intervention are being actively pursued [1] Group 2: Future Outlook - Investors are encouraged to keep an eye on the company's information disclosures for updates on the progress of various business initiatives [1]

Core Viewpoint - Watson Bio emphasizes the broad application prospects of mRNA technology, highlighting its advantages such as shorter R&D cycles, rapid iteration, and high efficacy [1] Company Developments - The company has been actively developing mRNA vaccines in collaboration with partners, gradually building and solidifying its mRNA vaccine technology platform over the past few years [1] - Recently, Watson Bio submitted clinical trial applications for respiratory syncytial virus mRNA vaccine and lyophilized varicella-zoster virus mRNA vaccine to the National Medical Products Administration, which has accepted these applications [1] Investment and Financial Impact - Watson Bio holds shares in Hong Kong-listed companies Saint No Pharmaceutical and Jiahe Biotech, with the impact on its net profit and related indicators being influenced by the stock price fluctuations of these companies [1]

Investment Rating - The industry investment rating is maintained at "Overweight" [2][9] Core Views - The vaccine industry is currently transitioning from scale expansion to innovation-driven growth, facing short-term pain due to supply-demand imbalance and homogenized competition, but the long-term positive logic remains unchanged, driven by policy, demand, and technology [9][25] - The report emphasizes the importance of companies with high technical barriers and differentiated pipeline layouts, suggesting that these companies will have stronger product power and competitive advantages [9][25] Summary by Sections Recent Developments - Watson Bio's mRNA vaccine for herpes zoster has received clinical trial approval, marking a significant advancement as no mRNA-based herpes vaccine is currently on the market [4] - Kangtai Bio's trivalent influenza virus split vaccine application has been accepted, targeting individuals aged three and above [4] - The WHO has recommended the components for the 2026 Southern Hemisphere influenza vaccine, maintaining a consistent approach with previous recommendations [4] Market Performance - The vaccine sector has seen a decline of 3.07% recently, with a cumulative increase of 4.33% since the beginning of 2025 [5][6] - The vaccine sector's PE (ttm) is 101.64X, down 3.26X from the previous period, while the PB (lf) is 1.87X, down 0.06X [7] Investment Recommendations - The report suggests focusing on innovative vaccines and companies with strong research and development capabilities, particularly those with differentiated products and technical advantages [8][9] - Companies like CanSino and Kanghua Bio are highlighted as potential investment opportunities due to their innovative capabilities and market demand [9][25]