全球共有三款双特异性抗体获批上市，包括Trion Pharma 靶吐CD3 和EpCAM癿博妥索单抗（Catumaxomab）、安进靶吐CD3 和CD19 癿倍林妥莫双抗（Blinatumomab）、罗氏靶吐FIX 和FX 癿艾美赛珠单抗（Emicizumab）

近一个月申万医药生物板块上涨8.16%，跑赢沪深300 指数7.33 个百分点，涨跌幅在申万28 个一级行业中排名第2 位，较2 月10 日高点回调3.23%，该时段沪深300 指数回调10.48%，但整体而言，相较于前三年初，医药生物板块涨幅均远高于沪深300指数（约2倍），医药板块整体TTM估值为43.77倍，相对于沪深300 的估值溢价率为194.61%，处于历史偏高水平。子板块方面，生物制品和医疗器械板块涨幅居前，分别上涨15.87%、13.72%，仅医药商业板块下跌，跌幅为2.21%。

市场空间与技术壁垒往往是市场对于POCT 赛道的两大争议点，我们的研究发现在国际化、消费化、创新化趋势的影响下，POCT 市场空间显著高于市场预期，同时技术壁垒也在不断提高。

从2020年1月至2月的中国地区疫情高暴发，到2月至4月的美国、意大利、西班牙等欧美国家疫情高暴发，到4月至8月的以美国、印度、巴西、俄罗斯为代表的大国主导疫情发展，到8月开始欧洲等地区的疫情二次暴发，海外疫情持续发酵；12月以来进入冬季（气候更利于病毒传播），欧美疫情反复，新增确诊再创新高；2021年初随着各国防控加强以及疫苗陆续接种，海外新增确诊数量趋势下降，3月至今又有反弹，印度地区再度明显爆发，全球新增确诊整体仍处于较高水平。

截止4 月25 日，医药行业已经有99 家企业公布21Q1 季报，另外有72 家公告21Q1 业绩预告，合计约171 家企业公告21Q1 业绩增长情况，占全部医药上市公司近半。从归母净利润业绩增长幅度（或增长下限）来看，有146 家企业录得正向增长，占比85%，只有25 家企业21Q1 业绩负增长，占比15%。从增长区间细分，归母净利润增幅100%以上的有68 家，增幅区间在50%-100%的有29 家，0%-50%的有49 家；负增长的只有25 家。从目前已经公告数据看，医药上市公司普遍21Q1 业绩大幅增长。总体上，21Q1 医药无论疫情受益还是受损板块都大概率增速较好，预计全年医药行业业绩增速向好，业绩炸裂的一季报，只是开始不是结束。

本周、年初至今生物医药指数涨幅分别为6.29%、1.66%。其为沪指的超额收益分别为2.88%、3.12%；本周医疗服务、生物制品、医疗器械
等涨幅居前，商业、化药及中药等涨幅较弱。Q1 业绩披露仅有最后一周，年初至今医药板块已经走出超额收益，随着海外疫情形势复杂医药
板块很可能持续走强。重点推荐子行业：医美、疫苗、CXO、生长激素等赛道，分别重点推荐华东医药、智飞生物、药明康德、长春高新等。
其中医美深受投资者喜爱，注射类医美重点推荐爱美客、华东医药，关注四环医药；医美设备，关注复锐医疗科技；医美服务，关注朗姿股份
等。

The global K-beauty products market is analyzed on the basis of its prospect and future growth rate. The report highlights numerous factors that influence the growth of the market. These include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. K-beauty products refer to the skincare and makeup products originated from South Korea. These beauty products emphasize particularly on skin aesthetics such as health, hydration, and luminous textured skin. Korean women have traditionally favored glowing ‘glass’ skin over layers of foundation and lengthy skin care regimes with focus on toning and clarifying. Their beauty standards focus on the appearance of moisture on the skin, resulting in an augmented fondness for cremes over powders. The concept of K-beauty products has gradually gained popularity worldwide, especially in the U.S. and the Asian countries. Products in this segment are manufactured using unique ingredients such as snail slime, bee venom, starfish extract, pig collagen, and morphing masks. The K-beauty skin care regime entails a series of steps including cleansers, serums, toners, sheet masks, fermented products, SPF 35 sunscreen, night creams, and moisturizers.

The report covers the detailed analysis of the trends, future estimations, and a thorough study of the global face mask market on the basis of type, material, nature, and distribution channel. It analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting the market growth. These factors include raw material prices, intense competition, end users, manufacturers, and suppliers. To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, it includes the revenue generated from the sales of face mask across North America, Europe, Asia-Pacific, and LAMEA.