Investment Rating - The investment rating for the pharmaceutical and biotechnology industry is "Positive" and the rating has been maintained [2] Core Viewpoints - The GLP-1 weight loss drugs are experiencing explosive growth globally and in China, with significant sales figures expected for the year [7] - The pharmaceutical and biotechnology industry index increased by 1.50%, ranking 16th among 31 primary industries, underperforming the CSI 300 index [5][15] - The industry PE (TTM) as of May 9, 2025, is 26.77x, showing an upward trend but still below the average [20] Industry Review - The pharmaceutical and biotechnology industry index increased by 1.50%, ranking 16th among 31 primary industries, underperforming the CSI 300 index which increased by 1.56% [5][15] - The medical equipment and pharmaceutical distribution sectors showed the highest gains, with increases of 3.92% and 2.38% respectively, while medical research outsourcing saw a decline of 0.65% [5][15] - As of May 9, 2025, the PE (TTM) for the pharmaceutical and biotechnology industry is 26.77x, up from 26.34x in the previous period, indicating a valuation increase [20] Investment Suggestions - The current trend in GLP-1 weight loss drugs indicates a golden development period for the industry, with significant sales growth expected both globally and in China [7] - The report suggests focusing on companies with solid clinical data, sufficient production capacity, and integrated supply chain capabilities [7] Important Industry News - The NMPA has released new regulations for the quality management of online sales of medical devices, effective from October 1, 2025 [25] - The approval of the first long-acting analgesic new drug in China, "Meloxicam Injection," marks a significant milestone in the industry [31] - Johnson & Johnson's "Guselkumab Injection" has been approved as the first IL-23 inhibitor for treating ulcerative colitis in China [33] - The investment of 2.04 billion RMB by Roche in a new biopharmaceutical production base in Shanghai highlights the ongoing commitment to local production and supply chain enhancement [43]

新项目位于上海浦东新区张江高科技园区，用地约53亩，建筑面积约2.5万平方米，将用于罗视佳® （法瑞西单抗注射液）的本地化生产。这是全球首个获批的眼科双特异性抗体药物，目前已被纳入国家 医保，为眼底病患者提供创新的治疗方案。该项目预计将于2029年正式落成，2031年正式投产。 罗氏制药中国总裁边欣表示，罗氏对中国市场的承诺不变，此次加码布局全新的生产基地，是罗氏在华 发展历程中的一个重要里程碑。它标志着罗氏在华本地化生产能力取得了长足发展，更代表着罗氏在中 国这一重要市场实现了更多创新药本地化生产的重大突破。这一突破性尝试使罗氏能够更加贴近中国患 者、更快响应本土需求。 5月8日，罗氏制药中国宣布投资20.4亿元人民币，在上海新建生物制药生产基地，以加强罗氏在中国的 供应链和本地化生产布局，全面强化端到端的完整医药价值产业链。 边欣表示，面向未来，罗氏将进一步探索更多创新药本地化生产的落地，积极助力中国生物医药产业的 可持续发展，在加速引入全球创新产品的同时，罗氏将持续推动深化合作、加码在华布局，惠及更多中 国患者，助力"健康中国2030"目标早日实现。 这一全新生物制药生产基地建成后，将成为罗氏制药在中国 ...

罗氏宣布投资超20亿人民币 在沪新建生物制药生产基地 智通财经5月8日电，罗氏制药中国5月8日宣布投资20.4亿元人民币，用于在上海新建生物制药生产基 地。当天投资项目启动仪式举行。企业表示，此次加码投资旨在通过强化企业在华供应链和本地化生产 布局，全面强化端到端的完整医药价值产业链。项目位于张江高科技园区，用地约53亩，建筑面积约 2.5万平方米。项目预计2029年正式落成，2031年正式投产。基地将用于罗视佳®（法瑞西单抗注射 液）的本地化生产 ，不断满足中国患者对于创新疗法需求。 (解放日报) ...