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被忽略的研发型增长逻辑这样的节奏在国内中药企业中并不多见，以岭药业更像是一家穿着中式外衣的创新药
研发不是烧钱，是蓄力在一众中药企业里，以岭一直是个非典型代表：过去三年，以岭药业以年均9亿元的研
往回看，过去5年，以岭药业有5个一类新药获批上市，其中4个进入医保目录，今年获批的芪防鼻通片预计
若以分部估值视角看：-成熟业务年利润约16亿对应15倍PE，即240亿市值然而，当前市场给以岭的
依托这样的科研实力，
估值，该换一套模型了拥有创新药+出海双重buff的以岭，在中报上已经看得到业绩汇报也
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| 1 | Mark | Otto | @mdo |
| 2 | Jacob | Thornton | @fat |
| 3 | Larry | the Bird |
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.info | Indicates a neutral informative change or action |
.warning | Indicates a warning that might need attention |
.danger | Indicates a dangerous or potentially negative action |
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