Core Viewpoint - The article highlights the strong performance and growth potential of Yuekang Pharmaceutical, particularly in the innovative drug sector, driven by significant R&D investments and a robust pipeline of products [4][5][17]. Financial Performance - In the first half of the year, Yuekang Pharmaceutical reported a revenue of 1.167 billion, with R&D investment amounting to 209 million, representing 17.91% of revenue, a year-on-year increase of 7.54% [4][6]. Industry Context - The innovative drug sector is recognized as one of the "new five flowers" in the current A-share technology bull market, alongside semiconductors, internet software and hardware, new energy, and robotics [5]. R&D Capabilities - Yuekang Pharmaceutical has established eleven major technology platforms focusing on nucleic acid drugs, peptide drugs, high-end traditional Chinese medicine, high-end chemical drugs, and AI drug development, making it one of the few companies with capabilities in mRNA vaccines and small nucleic acid drugs [6][8]. Product Pipeline - As of June 30, 2025, Yuekang has 42 projects in development, with 21 innovative drugs, including 12 nucleic acid drugs, 3 peptide drugs, 5 traditional Chinese medicines, and 1 chemical drug, indicating a rich and tiered pipeline [6][17]. Upcoming Drug Approvals - Three innovative traditional Chinese medicine drugs are expected to be approved soon, which will fill clinical treatment gaps and enhance Yuekang's competitiveness in the traditional medicine sector [7]. High-Value Nucleic Acid Drugs - Yuekang's subsidiary, Tianlong Pharmaceutical, is a key player in nucleic acid drug development, with significant advancements in AI target discovery and delivery systems, positioning the company with a competitive edge in the market [8][9]. Innovative Peptide Drugs - The company is developing a broad-spectrum peptide drug for coronavirus infections, which is set to enter phase III clinical trials, showcasing its innovative approach to treatment [10]. mRNA Vaccine Development - Yuekang has developed a robust mRNA vaccine technology platform, including self-replicating mRNA vaccines and unique delivery systems, which enhance efficacy and stability [11]. AI Drug Development Platform - The company has created a comprehensive AI drug development platform that streamlines the drug discovery process, significantly reducing development time and costs [12][13]. Global Expansion and Licensing Potential - Yuekang's international strategy includes establishing a global R&D team and pursuing FDA approvals early in the drug development process, indicating strong potential for overseas licensing opportunities [14][16]. siRNA Drug Development - Yuekang has two siRNA drugs in the U.S. clinical approval process, with one expected to be the first of its kind in the market, highlighting the company's innovative capabilities in gene therapy [15][16].

星标 ★ IPO日报 精彩文章第一时间推送 "蓝色小药丸"万艾可的大名如雷贯耳，但事实上，市面上远不止一款用于治疗男性勃起功能障碍（ED）的药 物，"国产伟哥"早已面世。 近日，拥有第二款"国产伟哥"昂伟达®的苏州旺山旺水生物医药股份有限公司（下称"旺山旺水"）二次递表向 港股市场发起冲击，中信证券是独家保荐人。公司今年1月向港交所递交招股书后失效。 IPO日报注意到，这家手握"新冠特效药"和ED新药的公司， 持续"失血"让其急需上市融资 。 制图：佘诗婕 两款核心产品如何？ 据悉。旺山旺水成立于2013年，是一家综合一体化生物医药公司，从事发现、获取、开发和商业化创新小分子 药物，专注于抗病毒、神经精神及生殖健康三大领域。 在这三个领域，旺山旺水已经拥有了三款知名产品（包括两款核心产品LV232、TPN171及一款关键产品 VV116）。 其中，LV232是一款潜在的同类首创双靶点5-羟色胺转运体（"5-HTT"）╱5-羟色胺3（"5-HT3"）受体调 节剂，目前正准备进行治疗抑郁症的II期临床试验。TPN171是一款潜在同类最佳、高效及高选择性的磷酸二酯 酶5（"PDE5"）抑制剂，已于乌兹别克斯坦及中国 ...