Things are in order, the rhythm is this.
1: Reform of medical examination and approval, medical insurance began to be included.
Everyone is very excited, the era of innovative drugs has come! The stock price started to rise.
2: Several leading innovative drug companies have shown strong execution, and the situation feels completely new.
Shares continue to rise.
3: The authorization to go overseas from time to time has further ignited the enthusiasm of investors. Enjoy innovative drugs collectively going overseas and enjoy the high drug prices of millions of dollars a year in the United States.
Investor enthusiasm was ignited to the extreme, and the stock price soared.
4: It is found that the negotiation of medical insurance is very powerful, and everyone’s research and development are also very homogeneous.
Began to question, the stock price began to fall.
5: The failure of several companies to go overseas makes everyone doubt the feasibility of going overseas.
More doubts, think that the industry’s “going logic” is gone, and the stock price plummets. Here comes the FDA conspiracy theory.
6: Discover how innovative drug companies sell so many drugs but all of them lose money.
The business logic is not established, and these companies are estimated to never be profitable. Shares plummeted.
Here’s what’s to come in the future.
7: With the completion of the sales team construction and the expansion of the revenue scale, the sales expense ratio began to decline, but the company still suffered serious losses because the R&D expenditure was too large.
8: Because of the fracture of financing channels, a large number of small pharmaceutical companies actively seek cooperation, or even sell themselves. The faucet further strengthens the product line. In the future, it will be difficult to finance homogeneous products, and supply-side reforms will be required.
9: As the sales scale continues to expand, although it is not yet profitable, the trend is already very obvious.
10: Finally, the breakeven is achieved. Several companies that have come out have sales of 15 billion+ billion, and the prospects are bright.
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