【创新药大牛市】分支思路（三）中小市值科技革命【周专题&周观点】【总第406期】：“小核酸”相关布局公司有哪些？他们干了啥？

请仔细阅读本报告末页声明增持（维持）行业走势作者分析师张金洋执业证书编号：S0680519010001邮箱：zhangjinyang@gszq.com分析师胡偌碧执业证书编号：S0680519010003邮箱：huruobi@gszq.com分析师张玉执业证书编号：S0680524120002邮箱：zhangyu7@gszq.com相关研究1、《医药生物：A/H器械公司25H1涨幅榜前20缘何强势？【周题&周观点】【总第405期】》2025-07-122、《医药生物：【周题&周观点】【【总第404期】从海外映射寻找下半年创新药新赛道》2025-07-063、《医药生物：【创新药大牛市】分支思路（三）中小市值管线爆款：镇痛机制趋向多元化，关注相关药品临床进展》2025-07-01-20%-10%0%10%20%30%2024-072024-112025-032025-07医药生物沪深300 P.2内容目录一、医药核心观点..................................................................................................................................4二、“小核酸”相关布局公司有哪些？他们干了啥？...................................................................................6三、细分领域投资策略及思考................................................................................................................113.1广义药品..................................................................................................................................113.1.1创新药............................................................................................................................113.1.2仿制药............................................................................................................................123.1.3中药...............................................................................................................................143.2医疗器械板块周度复盘.............................................................................................................153.3配套领域..................................................................................................................................183.3.1CXO................................................................................................................................183.3.2药店...............................................................................................................................193.3.3医药商业........................................................................................................................203.3.4医疗服务........................................................................................................................203.3.5生命科学产业链上游周度复盘...........................................................................................20四、医药行情回顾与热点追踪................................................................................................................234.1医药行业行情回顾.....................................................................................................................234.2医药行业热度追踪.....................................................................................................................264.3医药板块个股行情回顾..............................................................................................................28风险提示.............................................................................................................................................29图表目录图表1：寡核苷酸的作用机制及作用位点.................................................................................................6图表2：全球已上市小核酸药物..............................................................................................................7图表3：国内小核酸药物临床进展...........................................................................................................8图表4：当周（7.14-7.18）中证创新药指数VS.申万医药指数VS.沪深300指数指数对比............................11图表5：2025年以来中证创新药指数VS.申万医药指数VS.沪深300指数走势对比(%)...............................11图表6：2025年初以来仿制药板块VS.申万医药VS.化学制剂走势对比(%)................................................13图表7：仿制药子领域周涨跌幅排名前5、后5个股...............................................................................13图表8：2025年以来申万医药指数VS.中药指数走势对比(%)..................................................................15图表9：2025年以来申万医药指数VS.医疗器械指数VS.医疗器械各子领域指数走势对比(%)......................16图表10：医疗设备子领域周涨跌幅排名前五、后五个股..........................................................................16图表11：医疗耗材周涨跌幅排名前五、后五个股....................................................................................16图表12：体外诊断周涨跌幅排名前五、后五个股....................................................................................17图表13：本周医疗设备领域重要公告....................................................................................................17图表14：本周医疗耗材领域重要公告....................................................................................................17图表15：本周体外诊断领域重要公告....................................................................................................18图表16：申万医疗研发外包指数vs申万医药生物指数2025年以来走势对比............................................19图表17：生命科学产业链上游板块周涨跌幅排名前五、后五个股.............................................................21图表18：本周生命科学上游域重要公告.................................................................................................21图表19：当周（7.14-7.18）申万医药VS.沪深300指数VS.创业板指数对比.............................................23图表20：2025年以来申万医药VS.沪深300指数VS.创业板指数走势对比（%）......................................23图表21：申万医药指数涨跌幅与其他行业涨跌幅对比（周对比，%）......................................................24图表