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2026年8月29日星期六
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賽特瑞恩068270.KS

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關於賽特瑞恩

賽特瑞恩(Celltrion)是一家以生物相似藥業務著稱的生物製藥公司,所謂生物相似藥,即針對已過專利期的複雜生物製劑所研製的近似仿製品。該公司研發了全球最早獲批的抗體生物相似藥之一,並建立起涵蓋自體免疫疾病、癌症及其他適應症的產品組合,銷售市場遍及美國、歐洲及其他地區。在吸收旗下銷售聯屬公司賽特瑞恩醫療保健後,該公司於單一上市實體內整合研發、仁川廠區生產及海外銷售等業務,並積極推進新藥研究及現有產品的皮下注射劑型改良,以延伸產品線的生命週期。

與大多數韓國大型上市公司不同,賽特瑞恩並非傳統財閥旗下企業,而是由創辦人主導的公司,因此市場對其公司治理的討論主要圍繞聯屬公司之間的交易,以及長期被提及的集團整體架構整合問題。公司收入絕大部分來自海外市場,業績走勢與美國及歐洲的藥價動態及報銷規則緊密相連。隨著競爭對手的生物相似藥相繼上市,每款產品的市場優勢窗口期有限,因此持續充實產品管線實為結構性需求。該股在韓國醫療保健類指數中佔有較大權重,股價走勢往往受臨床及監管里程碑驅動,歷來亦吸引大量韓國散戶投資者參與。

賽特瑞恩由創業家徐政鎮(Seo Jung-jin)於2002年創立,他曾任職大宇(Daewoo),在生物相似藥尚未成為成熟產業的年代便率先押注仁川的生物製劑生產業務。公司起初為跨國藥廠承接合約製藥,其後轉型自主研發生物相似藥,並於2013年獲歐洲批准一款具開創意義的抗體生物相似藥。多年來,集團採用分拆架構運營,由賽特瑞恩負責生產,另行上市的賽特瑞恩醫療保健負責海外銷售,此安排因透明度不足而長期受到批評;兩家公司於2023年底完成合併,將生產與銷售統一整合。集團另有一家聯屬公司專責韓國國內的化學藥品業務。

公司收入主要來自向歐洲、美國及其他市場的醫院系統、藥局連鎖及批發商銷售成品生物相似藥,且愈來愈多透過自有直銷子公司而非第三方合作夥伴進行,此轉變有助於攫取分銷環節的利潤空間。贏得採購招標並納入藥品報銷目錄是核心商業機制,因為生物相似藥主要以價格及穩定供應能力,同時與原研藥及競爭對手的仿製品抗衡。自有大規模生產設施鞏固了成本競爭力,而較新的差異化產品(如具有監管排他性的皮下注射劑型)則可享有較單純仿製品更優越的定價。出口市場貢獻了絕大部分銷售額,使海外報銷政策成為關鍵的外部變數。

公司簡介由LineVest編輯部撰寫。屬新聞報導,非投資建議。 委託撰寫賽特瑞恩的SEC完整報告 →

賽特瑞恩相關報導

20篇文章
賽特瑞恩修正2026年第二季財報,確認創紀錄營業利益4,300億韓元付費專屬
企業分析

賽特瑞恩修正2026年第二季財報,確認創紀錄營業利益4,300億韓元

賽特瑞恩於7月27日提交DART修正申報,確認2026年第二季創紀錄業績:營收1.3兆韓元(年增35.2%)、營業利益4,300億韓元(年增77.3%),利益率達33%。新生物相似藥Zymfentra與Steqeyma合計銷售占比已逾60%;分析師平均目標價為265,333韓元(潛在漲幅37.6%)。

2026.07.27.2
Alteogen ALT-B4 Powers Keytruda SC as Celltrion and Samsung Bioepis Field Rival Korean SC Platforms
新聞

Alteogen ALT-B4 Powers Keytruda SC as Celltrion and Samsung Bioepis Field Rival Korean SC Platforms

Alteogen ALT-B4 powers Keytruda SC with up to $890M MSD milestones. Celltrion and Samsung Bioepis now field rival Korean SC platforms ahead of Keytruda's 2028 patent cliff.

2026.07.19.1
Celltrion (068270.KS) Eyes $5B Tremfya with Phase 1 Trial
新聞

Celltrion (068270.KS) Eyes $5B Tremfya with Phase 1 Trial

Celltrion, one of South Korea's leading biosimilar developers (068270.KS), said on July 15 it has won approval from the MFDS — South Korea's Ministry of Food an

2026.07.15.0
Celltrion Halts EU Keytruda Biosimilar Trial and Trims FDA Study to 220 Patients as Global Regulators Ease Phase 3 Rules
新聞

Celltrion Halts EU Keytruda Biosimilar Trial and Trims FDA Study to 220 Patients as Global Regulators Ease Phase 3 Rules

Celltrion halted its EU Phase 3 clinical trial for CT-P51 (Keytruda biosimilar) on July 14 and reduced its FDA trial enrollment from 606 to 220 patients, responding to global regulatory shifts that allow biosimilar approvals with smaller or no Phase 3 data.

2026.07.14.1
Celltrion (068270.KS): Q2 Op Profit Up 77%, Shares Down 20%
新聞

Celltrion (068270.KS): Q2 Op Profit Up 77%, Shares Down 20%

Celltrion (068270.KS), South Korea's largest biosimilar maker, reported preliminary second-quarter 2026 results on July 3 showing operating profit up 77.3% to ₩

2026.07.05.0
Samsung, SK Hynix and Celltrion Pledge KRW 392 Trillion to Chungcheong in Korea's 'Second Tokyo Declaration'
新聞

Samsung, SK Hynix and Celltrion Pledge KRW 392 Trillion to Chungcheong in Korea's 'Second Tokyo Declaration'

Samsung, SK Hynix CEO Kwak No-jeong and Celltrion commit KRW 392 trillion to Chungcheong as President Lee calls it Korea's 'second Tokyo Declaration.' Anthropic also eyes Samsung 2nm foundry.

2026.07.03.0
Celltrion (068270.KS) Q2: Margin 33%, Record ₩430B Profit
新聞

Celltrion (068270.KS) Q2: Margin 33%, Record ₩430B Profit

Celltrion (068270.KS), Korea's largest biosimilar maker, said its second-quarter operating margin leapt to roughly 33% — the sharpest profitability move in the

2026.07.03.0
Celltrion Remsima SC Commands 31% EU5 Market Share as Phase 3 Crohn's Data Affirms 44-Week Efficacy
新聞

Celltrion Remsima SC Commands 31% EU5 Market Share as Phase 3 Crohn's Data Affirms 44-Week Efficacy

Celltrion presented 44-week Remsima SC Phase 3 Crohn's data at AOCC&IMKASID 2026 in Seoul. The subcutaneous biosimilar holds a 31% EU5 market share in Q4 2025 and US Zimpetra prescriptions tripled in Q1 2026 year-on-year.

2026.06.25.2
Korea Unveils First-Ever 'Korea Rising' Session at BIO 2026 as Celltrion Bets on AI-Drug Pivot and ABL Bio Eyes Global Licensing
新聞

Korea Unveils First-Ever 'Korea Rising' Session at BIO 2026 as Celltrion Bets on AI-Drug Pivot and ABL Bio Eyes Global Licensing

Korea debuts 'Korea Rising' session at BIO 2026 as Celltrion pivots to AI drugs and ABL Bio seeks global licensing deals, while KB Investment warns Korean biotechs to form US subsidiaries to access institutional capital.

2026.06.24.1
U.S. Poised to Scrap Biosimilar’s ‘Interchangeable’ Hurdle — Celltrion and Samsung Bioepis Stand to Gain Most
新聞

U.S. Poised to Scrap Biosimilar’s ‘Interchangeable’ Hurdle — Celltrion and Samsung Bioepis Stand to Gain Most

The bipartisan Biosimilar Red Tape Elimination Act (S.1954) and parallel FDA guidance would cut Korean drug makers’ development costs 70–90% and shorten timelines by up to four years.

2026.06.18.0
Celltrion Adds Two Cancer Biosimilars in Vietnam
新聞

Celltrion Adds Two Cancer Biosimilars in Vietnam

Celltrion is widening its footprint in Vietnam, a small but fast-growing Southeast Asian market — a move that tells investors more about strategy than about this quarter's revenue.

2026.06.15.1
Celltrion Touts HER2 Bispecific Cancer Data, Eyes FDA Fast-Track in 2026
新聞

Celltrion Touts HER2 Bispecific Cancer Data, Eyes FDA Fast-Track in 2026

Celltrion (068270.KS), one of South Korea's two largest biopharmaceutical companies by revenue alongside Samsung Biologics and best known for biosimil

2026.06.12.1
Celltrion (068270.KS) Nears ₩2 Trillion Cancellation Goal
新聞

Celltrion (068270.KS) Nears ₩2 Trillion Cancellation Goal

2026.06.04.0
Celltrion's First-Ever Union Lands as Record Margins Peak
新聞

Celltrion's First-Ever Union Lands as Record Margins Peak

Celltrion (068270.KS), the Incheon-based biosimilar maker that is South Korea's largest by sales, saw workers form the first labor union in its history on June 1, ending a no-union stretch that has held since the company's 2002 founding (Yonhap; Korea Times). The timing is what matters to investors: the union arrives weeks after Celltrion booked the most profitable year it has ever reported.

2026.06.01.0
Samsung Bio Strike Hardens; Celltrion Forms First Union
新聞

Samsung Bio Strike Hardens; Celltrion Forms First Union

Celltrion (068270.KS), South Korea's largest biosimilar developer, said its workers launched a labor union on June 1 — the first in the company's history since founder Seo Jung-jin started it in 2002, according to Chosun Biz and The Korea Times. The move lands as a separate dispute at Samsung Biolog

2026.06.01.0
Celltrion (068270.KS) Adds ₩200B to 2026 Buyback as 0.05 Bonus Issue Sets June Listing
新聞

Celltrion (068270.KS) Adds ₩200B to 2026 Buyback as 0.05 Bonus Issue Sets June Listing

Celltrion added a ₩100B treasury buyback plus a ₩100B parent purchase on May 21, lifting 2026 cancellations toward ~₩2T as a 0.05 bonus issue lists 10.92M shares.

2026.05.21.2
Celltrion (068270.KS) Buys France's Gifrer to Tap 9,000 Pharmacies
新聞

Celltrion (068270.KS) Buys France's Gifrer to Tap 9,000 Pharmacies

Celltrion (068270.KS), Korea's largest biosimilar maker, said on May 12 it has acquired 100% of Gifrer, a 1912-founded French over-the-counter (OTC) and pharmacy pro

2026.05.12.0
Celltrion (068270.KS) Q1 Profit Doubles on Biosimilar Surge
企業分析

Celltrion (068270.KS) Q1 Profit Doubles on Biosimilar Surge

Celltrion's Q1 operating profit more than doubled to 321.9 billion won as biosimilar sales drove revenue up 28% to a record 1.145 trillion won.

2026.05.06.0
Biosimilar M&A Tests Celltrion (068270.KS), Samsung Bioepis
新聞

Biosimilar M&A Tests Celltrion (068270.KS), Samsung Bioepis

2026.05.03.1
Celltrion Launches Tocilizumab Biosimilar Avtozma in Japan, Expanding Autoimmune Portfolio to Four
新聞

Celltrion Launches Tocilizumab Biosimilar Avtozma in Japan, Expanding Autoimmune Portfolio to Four

2026.04.28.3

常見問題

賽特瑞恩的業務是什麼?

賽特瑞恩是一家韓國生物製藥公司,專注於研發及生產生物相似藥——即針對已過專利期的複雜生物製劑的近似仿製品,適應症涵蓋自體免疫疾病、癌症及其他病症。公司在仁川設有大型生產工廠,產品行銷全球,同時積極研發新藥及現有產品的改良劑型。

誰控制賽特瑞恩?

創辦人徐政鎮透過家族控股公司Celltrion Holdings掌控該公司,為最大股東。與大多數韓國主要上市公司不同,賽特瑞恩並非傳統企業集團的一部分;除創辦人持股外,其餘股權分散於機構投資者及規模異常龐大的韓國散戶股東群體。

海外投資者如何投資賽特瑞恩?

賽特瑞恩在韓國交易所(Korea Exchange)上市,股票代碼為068270,在韓國醫療保健類指數中佔有較大權重。該公司並無海外存託憑證,因此投資者通常需透過提供韓國市場交易服務的券商,或持有首爾上市股份的韓國主題及生物科技導向ETF進行投資。

答覆為一般資訊之編輯摘要,非投資建議。

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