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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）-行業數據

表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）
根據弗若斯特沙利文預測，GLP-1 全球藥物市場將在 2030 年達到約 400 億美元，市場規模龐大。近期 GLP-1 將向口服劑型、與 Amylin 等機制聯用、拓展適應癥、減脂增肌等方向拓展，挖掘更大的市場潛力。
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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第1頁
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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第2頁
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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第3頁
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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第4頁
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表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第5頁
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IDE4LjglICAgICAgICAgICAgICAgICAgICB8IC01ICAgICAgICAgICAgICAgICAgICAgICAgICAgfAp8IDQ1ICAgfA==
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第6頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第7頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第8頁
5Lul5LiL5piv5qC55o2u5oKo5o+Q5L6b55qE5Zu+54mH5YaF5a6555Sf5oiQ55qE6KGo5qC877yM5bm25Zyo5LiL5pa55bGV56S65LqG6LWE5paZ5p2l5rqQ77yaCgp8IOWFrOWPuCB8IOS6p+WTgSAgICAgICAgfCDpnbbngrnmnLrliLYgfCDpgILlupTnl4cgICAgICAgICAgICAgICB8IOWCrOWMluWJguexu+WeiyB8IOWFrOWPuOmihOiuoeiKgueCuSB8IOWujOaIkOS4u+imgee7iOeCuSB8IOacgOe7iOWujOaIkCAgIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tfAp8IOW8uueUnyB8IEljb3RyaWtpbmEgIHwgSUwtMjNSICAgfCDpk7blsZHnl4XvvIjlt7Lnu4/or7vlh7rvvIkgICB8IOWFs+mUrjPmnJ/or7vlh7ogfCAyMDI1ICAgICAgICAgfCDlt7LlrozmiJAgICAgICAgfCAyMDI3LTQvNiAgIHwKfCDlvLrnlJ8gfCBJY290cmlraW5hICB8IElMLTIzUiAgIHwg6ZO25bGR55eF5a+55q+U5rCY5Y+v5p2l5piU5pu/5bC8IHwg5YWz6ZSuM+acn+ivu+WHuiB8IDIwMjUgICAgICAgICB8IDIwMjUtMyAgICAgICB8IDIwMjctNi85ICAgfAp8IOW8uueUnyB8IEljb3RyaWtpbmEgIHwgSUwtMjNSICAgfCDmuoPnlqHmgKfnu5PogqDngo7vvIjlt7Lnu4/or7vlh7rvvIkgfCAy5pyfUE9D6K+75Ye6IHwgMjAyNSAgICAgICAgIHwg5bey5a6M5oiQICAgICAgIHwgMjAyNi0xICAgICB8CgrotYTmlpnmnaXmupDvvJoyMDI05LiK5biC5YWs5Y+45bm05oql77yM5Yy76I2v6a2U5pa577yM5YW05Lia6K+B5Yi457uP5rWO5LiO6YeR6J6N56CU56m26Zmi5pW055CG
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第9頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第10頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第11頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第12頁
fCDlhazlj7ggfCDkuqflk4EgfCDpnbbngrnmnLrliLYgfCDpgILlupTnl4cgfCDlgqzljJbliYLnsbvlnosgfCDlhazlj7jpooTorqHoioLngrkgfCDkuLvopoHnu4jngrkgfCDmnIDnu4jlrozmiJAgfAp8LS0tLS0tfC0tLS0tLXwtLS0tLS0tLS0tfC0tLS0tLS0tfC0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS18LS0tLS0tLS18LS0tLS0tLS0tLXwKfCDnpLzmnaUgIHwgSW1sdW5lc3RyYW50IHwgU0VSRCB8IEVSK0hFUjItbUJDIHwg6I635om55LiK5biCIHwgMjAyNSB8ICB8ICB8Cnwg6L6J55GeICB8IEJSQUZUT1ZJIHwgQlJBRiB8IDFMIEJSQUZtIG1DUkMgfCDojrfmibnkuIrluIIgfCAyMDI1IHwgIHwgIHwKfCDovonnkZ4gIHwgVEFMWkVOTkErWCBUQU5ESSB8IFBBUlArQVIgfCBtQ1JQQyB8IOiOt+aJueS4iuW4giB8IDIwMjUgfCAgfCAgfAp8IOW8uueUnyAgfCBBS0VFR0EgfCBQQVJQL0FSIHwgbUNTUEMgfCDlhbPplK4z5pyf6K+75Ye6IHwgMjAyNSB8IDIwMjUtMSB8IDIwMjctMTEgfAp8IOe9l+awjyAgfCBnaXJlZGVzdHJhbnQrcCBhbGJvY2ljbGliIHwgU0VSRCtDREs0LzYgfCAxTCtIRVIyLW1CQyB8IOWFs+mUrjPmnJ/or7vlh7ogfCAyMDI1IHwgMjAyNS0xMCB8IDIwMjgtMyB8Cnwg572X5rCPICB8IGdpcmVkZXN0cmFudCtlIHZlcm9saW11cyB8IFNFUkQrVE9SIHwgRVIrL0hFUjItbUJDIHwg5YWz6ZSuM+acn+ivu+WHuiB8IDIwMjUgfCAyMDI2LTMgfCAyMDI2LTMgfAp8IOmYv+aWr+WIqeW6tyB8IGNhbWl6ZXN0cmFudCB8IFNFUkQgfCBIUisgQkPvvIjlt7Lnu4/or7vlh7rvvIkgfCDlhbPplK4z5pyf6K+75Ye6IHwgMjAyNSB8IDIwMjUtNCB8IDIwMjctMTEgfAp8IOmYv+aWr+WIqeW6tyB8IGNlcmFsYXNlcnRpYiB8IEFUUiB8IHBvc3QtSU8gTlNDTEMgfCDlhbPplK4z5pyf6K+75Ye6IHwgMjAyNSB8IDIwMjUtOCB8IDIwMjUtOCB8Cnwg6L6J55GeICB8IFRBTFpFTk5BK1ggVEFOREkgfCBQQVJQK0FSIHwgMUwgQ1NQQyB8IOWFs+mUrjPmnJ/or7vlh7ogfCAyMDI1IHwgMjAyNS05IHwgMjAyNy04IHwKfCDovonnkZ4gIHwgVFVLWVNBIHwgSEVSMiB8IEhFUjIrIEJDIHwg5YWz6ZSuM+acn+ivu+WHuiB8IDIwMjUgfCAyMDI1LTUgfCAyMDI3LTEwIHwKfCDovonnkZ4gIHwgdmVkZ2VkZXN0cmFudCB8IEVSIHwgMkwgRVIrIG1CQ++8iOW3sue7j+ivu+WHuu+8iSB8IOWFs+mUrjPmnJ/or7vlh7ogfCAyMDI1IHwgMjAyNS0xIHwgMjAyOC01IHwKfCBHU0sgIHwgWmVqdWxhIHwgUEFSUCB8IDFMIE5TQ0xDIOe7tOaMgeayu+eWlyB8IOWFs+mUrjPmnJ/or7vlh7ogfCAyNUgxIHwgMjAyNS0yIHwgMjAyNS02IHwKfCBCTVMgIHwgS3JhemF0aSB8IEtSQVMgRzEyQyB8IDFMIE5TQ0xD77yIVFBTIDw1MCXvvIkgfCAy5pyfUE9D6K+75Ye6IHwgMjAyNSB8IDIwMjYtNiB8IDIwMjYtMTIgfAoK6LWE5paZ5p2l5rqQ77yaMjAyNOS4iuW4guWFrOWPuOW5tOaKpe+8jOWMu+iNr+mtlOaWue+8jOWFtOS4muivgeWIuOe7j+a1juS4jumHkeiejeeglOeptumZouaVtOeQhg==
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第13頁
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
表6、美股醫藥MNC2025年催化事件–實體瘤領域（小分子）_第14頁
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
所屬報告： 醫藥生物行業：美股醫藥MNC業績及催化事件分析2024年業績總體平穩2025年催化事件豐富-250419（35頁）.pdf
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