此外，生物医药ETF（159859）收涨1.59%，全天成交额1.14亿元居同标的首位。 消息面上，据智通财经，9月30日，国家药监局发布《关于境外已上市药品获批前商业规模批次产品进 口有关事宜的公告》，其中提出，境外已上市药品在我国获批上市（含取得药品批准证明文件、取得补 充申请批准证明文件，下同）后，对符合要求的获批前商业规模批次产品，允许进口并上市销售。相关 产品应当属于下列情形之一：（一）原研药品或者改良型药品。（二）《国家短缺药品清单》《国家临 床必需易短缺药品重点监测清单》《鼓励仿制药品目录》《鼓励研发申报儿童药品清单》列明的药品。 （三）适应症包括《罕见病目录》列明疾病的药品。（四）在我国获批上市前，按照《临床急需药品临 时进口工作方案》获准临时进口的药品。（五）依据《药品注册管理办法》，适用药品加快上市注册程 序在我国获批上市的药品。（六）国务院药品监督管理部门规定的其他药品。 中邮证券表示，近期创新药板块持续调整，一方面消化前期涨幅，另一方面BD催化剂较少，博弈情绪 退坡。我们认为调整已基本到位，仍建议基于中长期产业发展逻辑维持或增加创新药资产的仓位，从竞 争格局、临床数据以及团队能力等多方 ...

另外，生物医药ETF（159859）在昨日收涨超1.3%的基础上，今日继续上涨，截至发稿涨幅为1.13%， 盘中频现溢价交易。 生物医药ETF（159859）紧密跟踪生物医药指数。国证生物医药指数以A股市场属于生物医药产业相关 上市公司为样本空间，根据市值规模和流动性的综合排名，选出前30只股票作为指数样本股（数量不足 时则按实际数量选入），反映了生物医药行业的整体运行情况该ETF还配备了联接基金（A：011040， C：011041）。 消息面上，创新药龙头之一恒瑞医药近期传来利好消息。 9月25日早间，A股三大指数涨跌不一，部分医药股表现活跃；港股医药生物板块涨幅居前。相关ETF 中，创新药ETF天弘（517380）延续反弹，截至发稿涨1.74%，溢折率0.25%，盘中溢价交易明显。成 分股中，奥赛康、九洲药业涨停，港股君实生物、港股荣昌生物等跟涨。 浙商证券认为，中国本土创新药进入"工程师红利"兑现期，中国本土创新药已经得到MNC充分认 可。"工程师红利"下，更高效临床效率，更优异/优效的临床数据等优势，持续强化本土创新药未来确 定性的国际化/BD以及估值突破前景。 创新药ETF天弘（517380）是全 ...

Market Performance - A-shares and Hong Kong stocks weakened collectively, while the pharmaceutical sector showed active performance, with the Hang Seng Shanghai Shenzhen Hong Kong Innovative Drug Selected 50 Index (HSSSHID.HK) rising by 0.63% [1] - Within this index, Haoyuan Pharmaceutical increased by over 5%, while WuXi AppTec, Kelun Pharmaceutical, and Ganli Pharmaceutical rose by over 3% [1] - The National Biopharmaceutical Index (399441.SZ) fell by 0.55%, with Ganli Pharmaceutical up nearly 3%, and Rongchang Biopharmaceutical and Zhaoyan New Drug both rising by over 1% [1] ETF Performance - The Tianhong Innovative Drug ETF (517380) saw an intraday increase of over 2%, currently up by 0.7%, with a net inflow of 307 million yuan over the last 10 trading days [1] - The latest circulation size of this ETF is 1.428 billion yuan, with a total circulation of 1.664 billion shares [1] - The Biopharmaceutical ETF (159859) decreased by 0.45%, with a trading volume of 42.47 million yuan and a net inflow of 5.6463 million yuan on the previous trading day [1] Drug Procurement Policy - On September 20, the National Medical Insurance Administration released the 11th batch of centralized drug procurement documents, emphasizing principles such as "stabilizing clinical use, ensuring quality, preventing collusion, and countering internal competition" [2] - The procurement policy requires selected enterprises to be the primary responsible party for supply assurance and to respond promptly to medical institutions' orders [2] Clinical Trials and Drug Approvals - Watson Bio announced that its subsidiary, in collaboration with several institutions, has applied for clinical trials for a freeze-dried mRNA vaccine for shingles, which has received acceptance notification from the National Medical Products Administration [2] - Sinopharm announced that its self-developed Class 1 biological drug "Tykasimon Antibody Injection" has received acceptance for its market application from the National Medical Products Administration [2] Industry Outlook - Guojin Securities believes the upward trend in the innovative drug industry remains unchanged, with multinational corporations facing patent cliffs and seeking to fill revenue gaps through business development [4] - The second half of the year is expected to see increased global cooperation in innovative drug product licensing, with the innovative drug sector awaiting further business development catalysts [4] - The recent interest rate cut by the Federal Reserve is expected to lower financing costs for biotech companies, encouraging increased R&D investment and generating more orders for CXO companies [4]

生物医药ETF（159859）紧密跟踪生物医药指数。国证生物医药指数以A股市场属于生物医药产业相关 上市公司为样本空间，根据市值规模和流动性的综合排名，选出前30只股票作为指数样本股（数量不足 时则按实际数量选入），反映了生物医药行业的整体运行情况，向市场提供了细分行业的指数化投资标 的。该ETF还配备了联接基金（A：011040，C：011041）。 9月19日午后，医药板块震荡回调。相关ETF方面，创新药ETF天弘（517380）截至发稿跌2.39%，成交 额超5400万元，换手率超4%，盘中溢折率0.33%；成分股方面，仅新和成、科兴制药飘红，信达生物、 荣昌生物等个股领跌。生物医药ETF（159859）跌1.77%，成交额午后突破1亿元；成分股方面，华熙 生物小幅飘红，爱美客、特宝生物等下跌。 值得关注的是，近期创新药ETF天弘（517380）持续"吸金"。据Wind，创新药ETF天弘（517380）近9 个交易日（9月8日—18日）已连续获资金净流入，累计"吸金"2.7亿元。拉长时间来看，截至9月18日， 创新药ETF天弘（517380）年内新增份额率超258%；最新流通规模、流通份额均再创历史新高 ...

9月18日午后，大盘跳水走低，沪指跌超1%。热门ETF中，创新药ETF天弘（517380）回落小幅下跌 0.46%，溢折率0.32%，盘中溢价交易明显。成分股中，汇宇制药-W涨超4%，信立泰、科伦药业、恒 瑞医药等涨幅居前， 生物医药ETF(159859）紧密跟踪生物医药指数。国证生物医药指数以A股市场属于生物医药产业相关上 市公司为样本空间，根据市值规模和流动性的综合排名，选出前30只股票作为指数样本股（数量不足时 则按实际数量选入），反映了生物医药行业的整体运行情况，向市场提供了细分行业的指数化投资标 的。该ETF还配备了联接基金（A：011040，C：011041）。 消息面上，创新药企再传来利好消息。9月17日晚间，恒瑞医药公告，公司子公司苏州盛迪亚生物医药 有限公司收到国家药监局下发的《受理通知书》，公司注射用瑞康曲妥珠单抗（SHR-A1811）用于治疗 既往接受过一种或一种以上抗HER2药物治疗的局部晚期或转移性HER2阳性成人乳腺癌患者的新适应 症上市许可申请获国家药监局受理，且已被纳入优先审评程序。该药品已在国内获批上市，适用于治疗 存在HER2（ERBB2）激活突变且既往接受过至少一种系统治 ...

今年以来，创新药板块持续走强，成为投资者关注的重点赛道。值得注意的是，上周五药捷安康-B被纳 入部分创新药方向指数，昨日该股的大幅波动让不少跟踪相关指数的基金净值受到影响，引发关注。 Wind数据显示，截至9月16日，创新药ETF天弘（517380）今年以来累计涨幅67.69%，位居全市场行业 类ETF跟踪指数涨幅第一，涨幅领先第二名约10个百分点，整体表现突出。 有券商指出，2025年将成为中国创新药行业爆发式增长的元年，三大核心因素驱动行业进入至少3年的 上行周期：一是创新药重磅BD交易持续落地，首付款屡创新高；二是头部企业将于2025年实现扭亏， 行业盈利拐点显现；三是国内创新药政策环境持续优化。机构测算，2030年中国创新药市场规模将突破 2万亿元，年复合增长率达24.1%。 有机构人士指出，药捷安康-B在纳入部分创新药指数成分股前，单日成交额在两三千万元的水平，纳入 之后相关指数基金为满足跟踪误差要求需要快速建仓，近3个交易日成交额均超25亿元，激增的成交额 引发了该股的大幅波动，不排除有部分资金借机参与套利。 该机构人士进一步指出，目前该股纳入指数引发的争议较大，若未来该股从相关创新药指数基金剔除 ...

9月16日午后，创新药ETF天弘（517380）截至发稿跌1.14%，成交额超4000万元。溢折率0.28%，盘中 频现溢价交易。 生物医药ETF(159859）紧密跟踪生物医药指数。国证生物医药指数以A股市场属于生物医药产业相关上 市公司为样本空间，根据市值规模和流动性的综合排名，选出前30只股票作为指数样本股（数量不足时 则按实际数量选入），反映了生物医药行业的整体运行情况，向市场提供了细分行业的指数化投资标 的。该ETF还配备了联接基金（A：011040，C：011041）。 中信建投证券称，从中报业绩来看，创新药、CXO、生物制药等医药行业细分板块均迎来业绩修复， 中国医药产业当前已具备全球竞争力，长期看好医药行业走出全球性大公司。 中金公司表示，在国内工程师红利、丰富临床资源和支持性政策多边加持下，国产创新药已经从跟随时 代走向FIC/BIC创新，进入 2.0时代的创新药产业已经逐步完成质的提升，看好创新药长期产业发展趋 势，下半年10月中旬围绕ESMO会议前后相关临床数据读出与BD有望带来板块新一轮投资机遇。 资金流向上看，截至9月15日，创新药ETF天弘（517380）近6日持续获资金净流入，累 ...

Group 1 - The A-share market experienced fluctuations on September 12, with a rebound in the innovative drug concept in the afternoon [1] - The Tianhong Innovative Drug ETF (517380) showed a "W" shaped reversal in the morning and continued to strengthen in the afternoon, rising by 1.50% with a trading volume exceeding 58 million yuan [1] - Notable stocks within the Tianhong Innovative Drug ETF included Nocare Pharma-U, which rose over 14%, and Zhaoyan New Drug, which hit the daily limit [1] Group 2 - The Biopharmaceutical ETF (159859) increased by 0.88%, with a trading volume exceeding 90 million yuan, featuring stocks like Junshi Biosciences-U and WuXi AppTec among the top gainers [1] - As of September 11, the Tianhong Innovative Drug ETF had seen a net inflow of over 79 million yuan over four consecutive days, while the Biopharmaceutical ETF had a net inflow of over 220 million yuan over three days [1] Group 3 - The Tianhong Innovative Drug ETF is the largest in the market, covering both A-shares and Hong Kong stocks, and is the only ETF tracking the Hang Seng-Hushen-Hong Kong Innovative Drug Select 50 Index [1] - The Biopharmaceutical ETF closely tracks the Guozheng Biopharmaceutical Index, which covers various sectors including innovative drugs, CXO, vaccines, and blood products [1] Group 4 - The National Medical Products Administration announced measures to optimize the review and approval of clinical trials for innovative drugs, aiming to complete reviews within 30 working days for eligible applications [1] - This initiative supports key national research and encourages global early-stage synchronized research and international multi-center clinical trials [1] Group 5 - Short-term outlook suggests that many innovative drug stocks have seen significant gains since the beginning of the year, which may lead to profit-taking in response to negative news [2] - The biotech sector in China is expected to maintain high investment value due to continuous innovation breakthroughs and improved profitability [2] Group 6 - The Hong Kong innovative drug sector reported a net profit of 1.8 billion yuan in the first half of the year, marking its first profit since turning around [2] - The industry is entering a new cycle driven by profitability, with leading companies achieving profits through the commercialization of products and accelerating the conversion of research value [2]

Group 1 - The biopharmaceutical ETF (159859) has shown strong performance, rising 1.16% with a trading volume exceeding 94 million yuan, making it the top performer among its peers [1] - The ETF has seen a net inflow of over 61 million yuan over the past three trading days, indicating strong investor interest [1] - The ETF closely tracks the National Index of Biopharmaceuticals (399441.SZ), which covers various sectors including innovative drugs, CXO, vaccines, and blood products [1] Group 2 - The innovative drug ETF Tianhong (517380) is the largest in the market, covering both A-shares and Hong Kong stocks, and is the only ETF tracking the Hang Seng-Hushen-Hong Kong Innovative Drug Selected 50 Index [2] - The Tianhong ETF has also experienced a net inflow of over 64 million yuan over the past three trading days, reflecting positive market sentiment [2] - A recent meeting emphasized the need for comprehensive reforms in drug regulation and innovation, which could positively impact the pharmaceutical industry [2] Group 3 - Overall, the market may face short-term fluctuations, but there are signs of capital rotation, with many undervalued stocks beginning to rebound [3] - The expectation of interest rate cuts and economic recovery may lead to a focus on cyclical sectors in the future [3]

Group 1 - The biopharmaceutical ETF (159859) experienced a slight decline of 0.7% as of the report date, with a trading volume exceeding 600 million yuan, making it the top performer among its peers [1] - The ETF has seen a net inflow of over 39 million yuan in the past two days, with a net subscription of 38 million units on August 27, bringing its total circulation to 7.141 billion units [1] - The ETF closely tracks the National Index of Biopharmaceuticals (399441.SZ), covering various sectors including innovative drugs, CXO, vaccines, and blood products, and is noted for its size and liquidity [1] Group 2 - The Tianhong innovative drug ETF (517380) is the largest in the market, covering both A-shares and Hong Kong stocks, and is the only ETF tracking the Hang Seng-Hushen-Hong Kong Innovative Drug Selected 50 Index [2] - The upcoming 2025 World Lung Cancer Conference (WCLC) in Barcelona is expected to showcase over 40 Chinese research projects, highlighting the importance of academic conferences as catalysts for the innovative drug sector [2][3] - The overall outlook for the innovative drug sector is positive, with expectations of improved fundamentals and potential profitability by 2026, alongside a hot market for overseas licensing and business development transactions [3]