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锟斤拷锟斤拷锟斤拷锟斤拷锟剿ｏ拷锟斤拷锟斤拷锟絫锟斤拷談锟叫成為創锟斤拷藥锟絣展锟斤拷锟斤拷要锟斤拷锟斤拷锟斤拷锟斤拷2017锟斤拷锟斤拷前8锟斤拷一锟轿碉拷目錄革拷锟铰ｏ拷锟斤拷2020锟疥實锟紽锟斤拷锟斤拷锟斤拷藥每锟斤拷一锟斤拷锟絳锟斤拷锟斤拷锟斤拷锟解，談锟斤拷藥品锟斤拷锟斤拷锟缴岋拷锟斤拷锟斤拷锟斤拷锟絖锟斤拷锟斤拷變锟斤拷锟斤拷I锟斤拷锟斤拷锟斤拷請锟斤拷锟斤拷锟斤拷锟斤拷I锟斤拷通锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟絍锟紺锟狡等★拷锟絫锟斤拷目锟斤拷{锟斤拷锟紺锟狡的冿拷锟斤拷使锟矫勶拷锟斤拷藥锟矫碉拷锟斤拷锟絍锟斤拷锟絯锟酵革拷锟斤拷{锟诫，锟斤拷锟竭可硷拷锟皆碉拷锟斤拷锟斤拷锟斤拷锟斤拷

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锟斤拷锟斤拷锟絋锟斤拷锟斤拷示锟斤拷锟叫囷拷锟絫藥锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷l展锟叫的戯拷锟斤拷锟皆革拷锟斤拷锟紷锟斤拷锟斤拷锟斤拷锟节岋拷锟紽锟斤拷锟絫藥锟斤拷锟斤拷锟斤拷锟斤拷锟絫藥锟斤拷锟铰忥拷锟斤拷锟斤拷锟紻變锟斤拷锟斤拷前锟斤拷锟斤拷藥锟斤拷锟叫囷拷锟紷锟斤拷锟絩锟絞平锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷5锟斤拷锟斤拷7锟疥，锟絊锟斤拷锟斤拷锟絬锟斤拷锟斤拷锟紺锟狡改革拷蛢锟斤拷锟斤拷锟�2020锟斤拷锟叫囷拷锟斤拷锟斤拷藥锟紷锟斤拷锟斤拷锟叫旓拷锟斤拷锟斤拷2016锟斤拷锟�9锟斤拷锟斤拷锟金步岋拷锟紽锟剿撅拷锟斤拷锟斤拷同锟斤拷锟叫發锟斤拷注锟斤拷锟絚锟斤拷锟絬锟斤拷

锟斤拷锟斤拷锟絫藥锟斤拷锟铰伙拷锟紸锟叫撅拷锟斤拷锟斤拷

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锟斤拷锟斤拷锟斤拷锟揭囷拷锟叫發锟桔硷拷锟节燂拷锟絋锟斤拷锟絚锟紽锟斤拷锟斤拷锟紷锟斤拷锟秸憋拷锟斤拷锟酵拷|锟斤拷锟斤拷锟铰現锟襟。★拷锟絋锟斤拷锟絝锟斤拷锟斤拷锟斤拷@示锟斤拷锟皆單匡拷藥锟斤拷锟斤拷锟斤拷锟侥壳叭拷锟斤拷锟絊锟斤拷锟叫單匡拷藥锟斤覆锟絯锟斤拷锟絚锟斤拷計锟絪400锟斤拷锟斤拷锟叫囷拷藥锟斤拷锟叫發锟杰撅拷锟斤拷锟絯锟紿锟斤拷锟斤拷锟斤拷1/5锟斤拷锟斤拷锟紷锟斤拷锟斤拷锟斤拷锟届“锟斤拷锟絋锟斤拷锟斤拷锟絚锟斤拷锟叫發锟斤拷锟叫囷拷锟斤拷锟接硷拷锟叫ｏ拷锟斤拷針岋拷前十锟斤拷锟斤拷c锟斤拷锟斤拷锟叫單匡拷藥锟斤數锟斤拷占锟斤拷锟斤拷全锟斤拷锟�22%锟斤拷锟斤拷锟叫囷拷锟紷一锟斤拷锟斤拷锟斤拷锟絖47%锟斤拷

锟斤拷锟斤拷锟斤拷锟叫發同锟絴锟斤拷锟解，锟斤拷锟絴前锟斤拷锟叫撅拷也锟叫达拷锟斤拷锟斤拷锟斤拷锟皆★拷锟斤拷然锟斤拷锟斤拷锟斤拷锟狡學锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷頂硷拷锟絎锟絞锟节匡拷論锟侥發锟巾數锟斤拷占锟斤拷锟絯論锟侥發锟巾數锟斤拷锟侥憋拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭囷拷0.17%锟侥憋拷锟斤拷锟斤拷锟紷锟斤拷锟节歐锟斤拷锟斤拷锟斤拷锟絫锟絎锟絀锟饺囷拷锟斤拷锟秸憋拷锟斤拷锟�0.6%锟斤拷水平锟斤拷

锟斤拷锟斤拷锟斤拷锟解，锟斤拷锟斤拷锟紸锟叫撅拷锟斤拷锟結锟斤拷投锟斤拷锟斤拷然锟叫诧拷唷ｏ拷锟斤拷锟紷示锟斤拷锟斤拷锟結锟斤拷锟斤拷源锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫發投锟斤拷占锟斤拷锟絚全锟斤拷锟斤拷锟斤拷锟絫藥锟絀锟饺囷拷锟斤拷锟秸憋拷锟斤拷锟�20%锟斤拷水平锟斤拷隆锟斤拷锟斤拷锟斤拷Y锟斤拷锟斤拷途锟斤拷锟斤拷锟斤拷2020锟斤拷锟叫囷拷锟斤拷锟紸锟叫撅拷锟斤拷锟叫發锟斤拷投锟斤拷锟叫的憋拷锟斤拷锟絤锟絖锟斤拷锟斤拷6%锟斤拷锟斤拷同全锟斤拷锟斤拷锟斤拷锟絫藥锟絀锟饺囷拷锟斤拷锟秸憋拷锟斤拷15%锟斤拷锟较碉拷水平還锟叫诧拷啵伙拷袊锟斤拷锟斤拷锟斤拷芯锟斤拷锟斤拷邪l锟斤拷投锟斤拷锟斤拷11%锟侥憋拷锟斤拷也锟絟锟絟锟斤拷锟斤拷锟饺拷锟斤拷锟斤拷锟斤拷t藥锟絀锟饺囷拷锟揭斤拷20%锟斤拷平锟斤拷水平锟斤拷

锟斤拷锟斤拷锟斤拷锟絚锟揭囷拷投锟結取锟斤拷锟洁反锟斤拷锟絭锟絕锟絎锟斤拷锟絀锟饺囷拷锟揭碉拷锟絃锟経投锟結锟斤拷锟斤拷锟紸锟轿分诧拷锟斤拷锟斤拷锟斤拷锟绞現锟斤拷锟斤拷锟斤拷锟节和種锟斤拷锟节斤拷锟斤拷锟斤拷锟斤拷锟絊锟斤拷锟侥匡拷锟斤拷锟斤拷S投锟結锟紸锟斤拷锟斤拷锟斤拷窄锟斤拷趨锟捷★拷锟斤拷锟絋锟斤拷锟絝锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷2016锟斤拷锟斤拷2020锟疥，锟斤拷锟斤拷锟斤拷計锟斤拷锟斤拷锟斤拷锟絅锟接★拷锟斤拷使輪锟斤拷锟阶筆锟斤拷占全锟斤拷锟絃锟経投锟結锟斤拷锟阶筆锟斤拷锟斤拷43.7%锟斤拷锟斤拷锟斤拷锟絃锟経投锟結占锟斤拷32.2%锟斤拷锟斤拷锟斤拷锟絃锟経投锟結占锟斤拷24.1%锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷PitchBook锟斤拷锟斤拷锟斤拷y計锟紷示锟斤拷2016锟斤拷锟斤拷2020锟疥，投锟結锟斤拷锟叫囷拷锟斤拷锟紸锟斤拷锟絫藥锟斤拷锟斤拷锟斤技锟絞锟侥匡拷锟斤拷L锟経投锟結锟斤拷計锟斤拷锟絶锟窖筹拷锟絕230锟絴锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷99.5%锟斤拷锟結锟斤拷投锟結锟斤拷A輪锟斤拷锟皆猴拷輪锟轿★拷锟斤拷锟斤拷支锟街伙拷锟紸锟叫撅拷锟缴癸拷锟絘锟絀锟紻锟斤拷锟酵革拷锟斤拷锟斤拷锟侥匡拷锟斤拷锟斤拷姆N锟接猴拷锟斤拷使輪锟結锟斤拷占锟饺烇拷0.5%锟斤拷锟斤拷锟阶筆锟斤拷占锟饺烇拷7.4%锟斤拷锟絟锟絟锟斤拷锟节歐锟斤拷锟絀锟饺囷拷锟斤拷锟秸遍超锟絕4%锟斤拷投锟結锟斤拷锟絶占锟饺和筹拷锟絕35%锟侥斤拷锟阶筆锟斤拷占锟饺★拷

锟斤拷锟斤拷锟絋锟斤拷锟斤拷锟絟锟斤拷锟斤拷锟斤拷锟絉锟斤拷锟絩值锟介導锟斤拷要锟斤拷O锟杰诧拷锟絋锟絚锟絩锟斤拷锟組锟斤拷锟斤拷锟絤锟接忥拷锟絚锟斤拷锟絀锟酵學锟絞锟斤拷锟斤拷锟斤拷锟酵拷^锟斤拷通锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷通锟斤拷锟饺機锟狡冿拷锟斤拷锟結源锟斤拷锟矫和岋拷锟絬锟斤拷锟斤拷锟斤拷锟教ｏ拷锟侥勶拷锟斤拷R锟斤拷锟絩值锟斤拷藥锟斤拷锟叫發锟斤拷注锟皆ｏ拷同锟絩锟絚锟斤拷锟紿锟斤拷锟剿ｏ拷锟斤拷锟絤锟斤拷锟組ICH锟侥協锟絳锟斤拷锟紻锟斤拷锟斤拷施锟斤拷锟斤拷邔锟斤拷u要锟襟，斤拷锟斤拷锟斤拷锟斤拷锟叫發锟酵岋拷锟絬锟剿準ｏ拷锟接达拷锟铰癸拷锟竭★拷锟铰凤拷锟斤拷锟斤拷锟铰標準的戯拷锟矫ｏ拷锟狡勶拷锟叫囷拷锟斤拷藥锟斤創锟斤拷锟斤拷锟斤拷锟缴烇拷锟斤拷H锟絁锟缴的★拷全锟斤拷锟铰★拷锟斤拷

锟斤拷锟斤拷锟絊锟斤拷锟斤拷锟斤拷锟斤拷锟紹系锟統锟侥诧拷锟斤拷锟斤拷锟狡ｏ拷锟斤拷锟斤拷锟侥勶拷锟斤拷锟斤拷锟斤拷藥锟斤拷锟斤拷锟叫發锟斤拷锟叫囷拷锟絖展锟斤拷锟叫囷拷锟斤拷锟矫碉拷锟斤拷锟斤拷全锟斤拷锟斤拷锟絯系锟斤拷使锟叫囷拷锟缴烇拷全锟斤拷锟絫藥锟斤拷锟斤拷锟叫發锟竭地★拷锟斤拷锟斤拷锟組锟斤拷锟斤拷锟斤拷锟斤拷锟紽锟斤拷藥锟斤拷全锟斤拷同锟斤拷锟叫發锟斤拷注锟皆ｏ拷锟斤拷锟斤拷锟紿锟叫堬拷锟较的勶拷锟斤拷藥锟組锟斤拷锟斤拷锟組锟叫囷拷锟斤拷锟捷硷拷锟叫囷拷锟斤拷锟竭ｏ拷锟斤拷锟竭筹拷去锟斤拷锟斤拷通锟絕锟斤拷锟紿锟斤拷锟斤拷锟斤拷锟斤拷锟叫囷拷锟侥勶拷锟铰成癸拷輸锟斤拷去锟斤拷使锟叫囷拷锟斤拷锟铰產品锟捷硷拷全锟斤拷锟竭★拷锟斤拷記锟斤拷 锟斤拷倩锟斤拷

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