12yue5ri，zhifeishengwuxuanbuyugelansushikeshengwu、gelansushikexianggang（yixiahecheng“gsk”）qianshule《dujiajingxiaohelianhetuiguangxieyibuchongxieyi》。cicixieyizhuyaoyouhuadiaozhengle2023nian10yue8riqianshudeyuan《dujiajingxiaohelianhetuiguangxieyi》zhongguanyuzhongzudaizhuangpaozhenyimiaodezhanlvehezuoqixianyucaigoujihua。

jutieryan，zhifeishengwuzaizhongguodaludiquyongyoudujiajinkou、fenxiaohegongtongtuiguangzhongzudaizhuangpaozhenyimiaodequanliqixiancong2026niandiyanzhangzhi2034niandi。ciwai，shuangfanghaimingquegongsijiangyugskdujiatansuobingjijicuchengzaizhongguodaludiquchubuweiqi10niandehuxidaohebaobingdu（rsv）yimiaoshangyehuahezuo。

shuangfangzhenduizhongzudaizhuangpaozhenyimiaodecaigoujihuajinxinglediaozheng，yuanxieyizhongyuedingdezuidicaigoujinebuzaishiyong。zhifeishengwujianggenjushichangyuqixuqiu，fenjieduanxianggskcaigouxieyichanpin。zai2024nianzhi2029niandehetongqijian，zhongzudaizhuangpaozhenyimiaodeyucecaigoujineyuewei216yiyuanrenminbi。juticaigouqingkuangjianggenjuhetongyuedingheshichangyuqixuqiujinxingdiaozheng，yishuangfangshumianquerendedingdanweizhun。

gonggaozhichu，bencibuchongxieyideqianshushenhualezhifeishengwuyugskdezhanlvehuobanguanxi，cujinleshuangfanghuzhuhuxin、hezuogongying，jinyibushixianzhangqi、kechixuhezuo。gongsibiaoshi，bencixieyideqianshuyujiduibenniandudejingyingchengguoyingxiangjiaoxiao，caigoujihuabugouchengyejichengnuo。ruoxieyiduifangweianyuegongyingchanpin，huogongsiweianyuewanchengcaigou，douhuiyingxiangxieyidewanquanlvxing。

双方合作进一步深化，属预期之中。zheiyiyanzhangqixianjiangshizhifeishengwuzaigengzhangshijianneixiangyougaiyimiaozaizhongguodedujiajinkouhejingxiaoquan，youzhuyugongguqizaiguoneiyimiaoshichangdediwei。zhongzudaizhuangpaozhenyimiaoshizhifeishengwuhexinchanpinzhiyi，jiezhijinnian10yuemo，qizhongzudaizhuangpaozhenyimiaoshixianle37picidepiqianfa，tongbizengjia94.74%。

ciwaijihuazhongdehuxidaohebaobingdu（rsv）yimiaoyeshiqianlipinzhong。jinnian3yue，gairsvyimiaoyizaiguoneishenbaolinchuang，8yue，gskzaiclinicaltrials.govwangzhanshangzhucelezhongzursvyimiaodezhongguo3qilinchuangshiyan。gongkaishujuxianshi，woguoyueyou1.9yilaonianrenhuanyoumanxingbing，mianyigongnengxiajiang，lihuanganranxingjibingdefengxianzenggao。

目前智飞生物处于“青黄不接”的当口。zaiyimiaojiagezhandebeijingxia，zhifeishengwuqiansanjidushourudadao227.86yiyuan，tongbidafuxiajiangle41.98%，guimujinglirunda21.43yiyuan，tongbixiajiangle66.41%。yejixiahuadezhuyaoyuanyinshibufendiquhechanpindeshichangtuiguangweidadaoyuqi，youqishihpvyimiaoxiaoshouetongbiyousuoxiajiang。

zhongzudaizhuangpaozhenyimiaobunengxingchengyouxiaozhicheng。gongsiyu2024nian3yuexinzengdailigaiyimiao，2024nianshangbannianshixianpiqianfa160.69wanzhi。jiezhi2024nianshangbannian，zhongzudaizhuangpaozhenyimiaoyifugaiquanguo2wangeyishangdezhongduanshiyongdanwei；zhidezhuyideshi，gongsixiaoshourenyuanzengzhi4749ren，tongbizengzhang39.51%，xianshishichangjinyibu“neijuan”。

jinqidiaoyanjiyaoxianshi，2024nianyilaigongsijiadamoshadongjiujiahpvyimiaojiezhongxuanchuan，tishengminzhongduigongjingaiyufangdezhixiaolv。tongshi，gongsizi2024nian1yueqizhengshijieshougskzhongzudaizhuangpaozhenyimiaodetuiguang，chixukaizhanchanpindejinkou、piqianfa、shichangzhunruhetuiguangxiaoshougongzuo。

lingyifangmian，gongsizizhuyanfaxiande“duoerbuqiang”。gongsizizhuyanfaxiangmugongji32xiang，qizhongsijialiuganbingduliejieyimiaozhengzaishenbaoshangshi；liuganbingduliejieyimiao、dongganrenyongkuangquanbingyimiao（mrc-5xibao）yiwanchenglinchuangshiyan；sijiazhongzunuorubingduyimiao、15jiafeiyanqiujunjieheyimiao、dongganrenyongkuangquanbingyimiao（veroxibao）dengzhengzaijinxingiiiqilinchuangshiyan。

guoneiyimiaojiagejingzhengjilie，xingyepubianmianlinyejixiahua。zi2024nianyilai，guochanyimiaoqiyepubianxiadiaolexiangguanyimiaodejiage，jiageyijiangzaijiang，shenzhendizhi“dibanjia”。10yue23ri，jilinshenggonggongziyuanjiaoyizhongxinfabutongzhi，xiadiaobufenfeimianyiguihuayimiaodeguawangjiage，shejiposhangfeng、liugan、23jiafeiyan、masaifeng、yigandengyimiao。qizhong，sijialiuganyimiaobaochule78yuan/zhidejiage，shuaxinleliuganyimiaodezuidijia。

除了寻求进一步合作，智飞生物还需要通过多种途径“止损”。2024niandisanjidu，gongsicaiwufeiyongxianzhuzengjia，zhuyaoguiyinyuyinxingjiekuanlixizhichudeshangsheng。gongsizaijinqidiaoyanzhongqiangdiao，yingshouzhangkuanguimoyuxiaoshoutiliangxiangpipei，yangezunshouqiyehuijizhunzehexiangguanhuijizhengcebianzhicaiwubaogao，qianghuahuikuankaohe，jiangdidaihuaizhangfashengdefengxian。gongsijiangchixuguanzhuguojiahuazhaizhengcejiqiluodiqingkuang，jiaqiangyingshouzhangkuanguanli。