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<!DOCTYPE html>
<html lang="zh-CN">
<head>
<meta charset="utf-8" />
<meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no">
<title>干细胞概念股分析报告</title>
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body {
font-family: 'Noto Sans SC', 'Inter', sans-serif;
background: linear-gradient(135deg, #f5f7fa 0%, #c3cfe2 100%);
min-height: 100vh;
}
.glass-effect {
background: rgba(255, 255, 255, 0.85);
backdrop-filter: blur(10px);
border-radius: 16px;
box-shadow: 0 8px 32px 0 rgba(31, 38, 135, 0.15);
border: 1px solid rgba(255, 255, 255, 0.18);
}
.timeline-dot {
position: relative;
}
.timeline-dot::before {
content: '';
position: absolute;
width: 20px;
height: 20px;
border-radius: 50%;
background: #4f46e5;
left: -10px;
top: 5px;
z-index: 2;
}
.timeline-line {
position: absolute;
width: 2px;
background: #e5e7eb;
left: -1px;
top: 25px;
bottom: 0;
z-index: 1;
}
.highlight-box {
border-left: 4px solid #4f46e5;
padding-left: 16px;
margin: 16px 0;
}
.gradient-text {
background: linear-gradient(135deg, #667eea 0%, #764ba2 100%);
-webkit-background-clip: text;
-webkit-text-fill-color: transparent;
background-clip: text;
}
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position: fixed;
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left: 0;
width: 100%;
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z-index: -1;
opacity: 0.3;
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overflow-x: auto;
}
@media (max-width: 768px) {
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width: 16px;
height: 16px;
left: -8px;
}
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left: -1px;
}
}
</style>
</head>
<body class="p-4 md:p-8">
<div id="particles-js" class="particle-bg"></div>
<div class="max-w-7xl mx-auto">
<!-- 标题区域 -->
<div class="text-center mb-10">
<h1 class="text-4xl md:text-5xl font-bold gradient-text mb-4">干细胞概念股分析</h1>
<p class="text-gray-600 text-lg">从政策破冰到商业化元年的产业变革</p>
</div>
<!-- 核心观点摘要 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
<i class="fas fa-lightbulb text-yellow-500 mr-3"></i>
核心观点摘要
</h2>
<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
<div class="bg-blue-50 rounded-lg p-4">
<h3 class="font-semibold text-blue-800 mb-2">阶段判断</h3>
<p class="text-gray-700">干细胞治疗已从政策驱动进入商业化验证期2026年起大适应症数据将决定行业能否跨越"概念"到"业绩"鸿沟。</p>
</div>
<div class="bg-green-50 rounded-lg p-4">
<h3 class="font-semibold text-green-800 mb-2">核心驱动力</h3>
<p class="text-gray-700">监管破冰(中美双获批)+ 技术突破MSC工艺标准化+ 支付端探索(商保+医保丙类目录)。</p>
</div>
<div class="bg-purple-50 rounded-lg p-4">
<h3 class="font-semibold text-purple-800 mb-2">未来潜力</h3>
<p class="text-gray-700">GVHD等罕见病仅打开10亿级市场而脑卒中百亿级、肝硬化千亿级等适应症才是估值爆发关键。</p>
</div>
</div>
</div>
<!-- 时间轴 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-clock text-blue-500 mr-3"></i>
概念事件时间轴
</h2>
<div class="relative pl-8">
<div class="timeline-line"></div>
<div class="mb-8 relative">
<div class="timeline-dot"></div>
<div class="bg-white rounded-lg p-4 shadow-sm">
<h3 class="font-bold text-lg text-gray-800">2024年9月</h3>
<p class="text-gray-600">商务部等三部委宣布在北京、上海、广东自贸区和海南自贸港允许外资进入干细胞技术开发,政策破冰。</p>
</div>
</div>
<div class="mb-8 relative">
<div class="timeline-dot"></div>
<div class="bg-white rounded-lg p-4 shadow-sm">
<h3 class="font-bold text-lg text-gray-800">2025年1月</h3>
<p class="text-gray-600">中国首款干细胞药物艾米迈托赛注射液GVHD适应症获批上市定价36-50万元/疗程,标志商业化元年。</p>
</div>
</div>
<div class="mb-8 relative">
<div class="timeline-dot"></div>
<div class="bg-white rounded-lg p-4 shadow-sm">
<h3 class="font-bold text-lg text-gray-800">2025年6月</h3>
<p class="text-gray-600">九芝堂、中源协和等企业密集披露临床进展(脑卒中、牙周炎、肺泡蛋白沉积症),海南博鳌乐城启动首批干细胞临床项目收费试点。</p>
</div>
</div>
<div class="relative">
<div class="timeline-dot"></div>
<div class="bg-white rounded-lg p-4 shadow-sm">
<h3 class="font-bold text-lg text-gray-800">2025年7月</h3>
<p class="text-gray-600">九芝堂路演明确骨髓MSC扩增技术全球领先单脐带产能1500万份脑卒中适应症预计2029年完成III期。</p>
</div>
</div>
</div>
</div>
<!-- 核心逻辑与市场分析 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-chart-line text-green-500 mr-3"></i>
核心逻辑与市场分析
</h2>
<div class="grid grid-cols-1 md:grid-cols-2 gap-6 mb-6">
<div>
<h3 class="font-bold text-lg text-gray-800 mb-3">核心驱动力</h3>
<div class="space-y-3">
<div class="highlight-box">
<h4 class="font-semibold text-gray-700">技术端</h4>
<p class="text-gray-600">间充质干细胞MSC占国内临床管线80%以上九芝堂低氧扩增技术将单脐带产能提升至1500万份行业平均3000-1万份成本有望降至5万元/疗程当前8-10万</p>
</div>
<div class="highlight-box">
<h4 class="font-semibold text-gray-700">政策端</h4>
<p class="text-gray-600">CDE 2024年发布5项干细胞临床指南海南博鳌允许未上市产品收费试用2-15万元/次),加速真实世界数据积累。</p>
</div>
<div class="highlight-box">
<h4 class="font-semibold text-gray-700">需求端</h4>
<p class="text-gray-600">中国1.3亿糖尿病患者Vertex胰岛干细胞治愈11/12例、1000万脑卒中后遗症患者九芝堂II期数据预计2025H2读出存在巨大未满足需求。</p>
</div>
</div>
</div>
<div>
<h3 class="font-bold text-lg text-gray-800 mb-3">市场热度与预期差</h3>
<div class="bg-yellow-50 rounded-lg p-4 mb-4">
<h4 class="font-semibold text-yellow-800 mb-2">市场热度</h4>
<p class="text-gray-700">2025年1月首药获批后干细胞概念股单日涨幅超10%中源协和、九芝堂涨停但随后回调2024年5月热度曾暴跌62.55%)。</p>
</div>
<div class="bg-red-50 rounded-lg p-4 mb-4">
<h4 class="font-semibold text-red-800 mb-2">被高估的叙事</h4>
<p class="text-gray-700">市场过度关注GVHD等罕见病市场规模<10亿忽视脑卒中肝硬化等大病种临床风险需2000例以上III期</p>
</div>
<div class="bg-green-50 rounded-lg p-4">
<h4 class="font-semibold text-green-800 mb-2">被低估的细节</h4>
<p class="text-gray-700">九芝堂肺泡蛋白沉积症PAPII期数据即将公布钟南山团队该适应症全球无竞品可能成为首个10亿级单品。</p>
</div>
</div>
</div>
</div>
<!-- 关键催化剂与未来路径 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-rocket text-purple-500 mr-3"></i>
关键催化剂与未来路径
</h2>
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
<div>
<h3 class="font-bold text-lg text-gray-800 mb-4">近期催化剂3-6个月</h3>
<div class="space-y-4">
<div class="flex items-start">
<div class="bg-purple-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-flask text-purple-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">九芝堂PAP适应症II期数据</h4>
<p class="text-gray-600 text-sm">2025年8月若血氧浓度改善>20%将启动III期并锁定全球独家。</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-blue-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-tooth text-blue-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">中源协和牙周炎II期数据</h4>
<p class="text-gray-600 text-sm">2025年底牙槽骨再生>3mm即可申报III期50亿峰值市场预期落地。</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-green-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-map-marker-alt text-green-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">海南博鳌收费试点扩容</h4>
<p class="text-gray-600 text-sm">预计2025Q3新增肝硬化、糖尿病足溃疡适应症试点。</p>
</div>
</div>
</div>
</div>
<div>
<h3 class="font-bold text-lg text-gray-800 mb-4">长期路径2026-2030</h3>
<div class="space-y-4">
<div class="flex items-start">
<div class="bg-indigo-100 rounded-full p-2 mr-3 mt-1">
<span class="text-indigo-600 font-bold">26</span>
</div>
<div>
<h4 class="font-semibold text-gray-700">2026年</h4>
<p class="text-gray-600 text-sm">脑卒中、肝硬化III期完成百亿级市场打开。</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-indigo-100 rounded-full p-2 mr-3 mt-1">
<span class="text-indigo-600 font-bold">27</span>
</div>
<div>
<h4 class="font-semibold text-gray-700">2027年</h4>
<p class="text-gray-600 text-sm">通用型iPSC胰岛细胞Vertex提交BLA糖尿病治愈概念催化。</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-indigo-100 rounded-full p-2 mr-3 mt-1">
<span class="text-indigo-600 font-bold">28+</span>
</div>
<div>
<h4 class="font-semibold text-gray-700">2028年后</h4>
<p class="text-gray-600 text-sm">干细胞+AI个性化疗法如我武生物仿生培养设备成为新增长点。</p>
</div>
</div>
</div>
</div>
</div>
</div>
<!-- 产业链与核心公司 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-sitemap text-indigo-500 mr-3"></i>
产业链与核心公司深度剖析
</h2>
<div class="mb-6">
<h3 class="font-bold text-lg text-gray-800 mb-3">产业链图谱</h3>
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
<div class="bg-blue-50 rounded-lg p-4 text-center">
<i class="fas fa-cogs text-blue-500 text-2xl mb-2"></i>
<h4 class="font-semibold text-blue-800">上游</h4>
<p class="text-gray-600 text-sm">细胞制备(泰林生物设备+中源协和3D培养基</p>
</div>
<div class="bg-green-50 rounded-lg p-4 text-center">
<i class="fas fa-database text-green-500 text-2xl mb-2"></i>
<h4 class="font-semibold text-green-800">中游</h4>
<p class="text-gray-600 text-sm">存储(南京新百脐带血库+南华生物区域牌照)</p>
</div>
<div class="bg-purple-50 rounded-lg p-4 text-center">
<i class="fas fa-hospital text-purple-500 text-2xl mb-2"></i>
<h4 class="font-semibold text-purple-800">下游</h4>
<p class="text-gray-600 text-sm">应用(九芝堂脑卒中、中源协和牙周炎、我武生物伤口愈合)</p>
</div>
</div>
</div>
<div>
<h3 class="font-bold text-lg text-gray-800 mb-3">核心玩家对比</h3>
<div class="overflow-x-auto">
<table class="min-w-full bg-white rounded-lg overflow-hidden">
<thead class="bg-gray-100">
<tr>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">公司</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">适应症布局</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">技术壁垒</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">风险点</th>
</tr>
</thead>
<tbody>
<tr class="border-b">
<td class="py-3 px-4 font-semibold text-gray-800">九芝堂</td>
<td class="py-3 px-4 text-gray-600">脑卒中唯一、PAP</td>
<td class="py-3 px-4 text-gray-600">骨髓MSC扩增1500万份/脐带</td>
<td class="py-3 px-4 text-gray-600">脑卒中III期需2000例周期长</td>
</tr>
<tr class="border-b">
<td class="py-3 px-4 font-semibold text-gray-800">中源协和</td>
<td class="py-3 px-4 text-gray-600">牙周炎(进度最快)</td>
<td class="py-3 px-4 text-gray-600">牙髓干细胞II期数据领先</td>
<td class="py-3 px-4 text-gray-600">新生儿下滑拖累存储业务</td>
</tr>
<tr>
<td class="py-3 px-4 font-semibold text-gray-800">我武生物</td>
<td class="py-3 px-4 text-gray-600">伤口愈合(设备+细胞)</td>
<td class="py-3 px-4 text-gray-600">仿生培养设备(模拟心跳/血压)</td>
<td class="py-3 px-4 text-gray-600">干细胞业务占比低(<5%</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<!-- 风险与挑战 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-exclamation-triangle text-red-500 mr-3"></i>
潜在风险与挑战
</h2>
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
<div class="bg-red-50 rounded-lg p-4">
<h3 class="font-semibold text-red-800 mb-2 flex items-center">
<i class="fas fa-microscope mr-2"></i>
技术风险
</h3>
<p class="text-gray-700">iPSC胰岛细胞存在畸胎瘤风险长征医院案例需长期随访。</p>
</div>
<div class="bg-orange-50 rounded-lg p-4">
<h3 class="font-semibold text-orange-800 mb-2 flex items-center">
<i class="fas fa-snowflake mr-2"></i>
商业化风险
</h3>
<p class="text-gray-700">干细胞冷链运输成本占售价30%-196℃液氮下沉市场渗透受限。</p>
</div>
<div class="bg-yellow-50 rounded-lg p-4">
<h3 class="font-semibold text-yellow-800 mb-2 flex items-center">
<i class="fas fa-file-contract mr-2"></i>
政策风险
</h3>
<p class="text-gray-700">CDE可能收紧医疗技术备案制2024年已要求补充数据灰色疗法空间压缩。</p>
</div>
<div class="bg-purple-50 rounded-lg p-4">
<h3 class="font-semibold text-purple-800 mb-2 flex items-center">
<i class="fas fa-balance-scale mr-2"></i>
信息矛盾
</h3>
<p class="text-gray-700">民生证券预测牙周炎50亿市场4%渗透率但第四军医大学试验显示安慰剂组骨增量仅0.5mm,疗效可能被夸大。</p>
</div>
</div>
</div>
<!-- 投资启示 -->
<div class="glass-effect p-6 mb-8">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-chart-pie text-teal-500 mr-3"></i>
综合结论与投资启示
</h2>
<div class="bg-gradient-to-r from-teal-50 to-blue-50 rounded-lg p-6 mb-6">
<h3 class="font-bold text-xl text-gray-800 mb-4">阶段判断</h3>
<p class="text-gray-700 text-lg">主题炒作末期 → 业绩验证初期2025H2数据将分化龙头与概念股。</p>
</div>
<div class="grid grid-cols-1 md:grid-cols-2 gap-6 mb-6">
<div>
<h3 class="font-bold text-lg text-gray-800 mb-3">投资方向</h3>
<div class="space-y-3">
<div class="bg-green-100 rounded-lg p-4">
<h4 class="font-semibold text-green-800 flex items-center">
<i class="fas fa-star mr-2"></i>
首选九芝堂
</h4>
<p class="text-gray-700">PAP全球独家+脑卒中大适应症催化剂密集2025年8月数据</p>
</div>
<div class="bg-blue-100 rounded-lg p-4">
<h4 class="font-semibold text-blue-800 flex items-center">
<i class="fas fa-medal mr-2"></i>
次选中源协和
</h4>
<p class="text-gray-700">牙周炎进度最快+存储业务现金流支撑。</p>
</div>
</div>
</div>
<div>
<h3 class="font-bold text-lg text-gray-800 mb-3">关键跟踪指标</h3>
<div class="space-y-3">
<div class="flex items-start">
<div class="bg-purple-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-chart-line text-purple-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">九芝堂PAP II期数据</h4>
<p class="text-gray-600 text-sm">血氧改善阈值≥15%</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-purple-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-users text-purple-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">海南博鳌试点收费人次</h4>
<p class="text-gray-600 text-sm">2025Q3需>100例/月验证需求</p>
</div>
</div>
<div class="flex items-start">
<div class="bg-purple-100 rounded-full p-2 mr-3 mt-1">
<i class="fas fa-user-clock text-purple-600"></i>
</div>
<div>
<h4 class="font-semibold text-gray-700">中源协和牙周炎II期入组速度</h4>
<p class="text-gray-600 text-sm">200例/年能否完成</p>
</div>
</div>
</div>
</div>
</div>
<div class="bg-red-50 rounded-lg p-4 border-l-4 border-red-500">
<h3 class="font-semibold text-red-800 mb-2">风险提示</h3>
<p class="text-gray-700">若脑卒中III期因患者招募困难延期行业估值或回调30%以上。</p>
</div>
</div>
<!-- 关联股票数据表格 -->
<div class="glass-effect p-6">
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
<i class="fas fa-table text-indigo-500 mr-3"></i>
干细胞概念股关联数据
</h2>
<div class="table-container">
<table class="min-w-full bg-white rounded-lg overflow-hidden">
<thead class="bg-gray-100">
<tr>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">股票名称</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">行业</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">分类</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">产业链</th>
<th class="py-3 px-4 text-left text-gray-700 font-semibold">关联原因</th>
</tr>
</thead>
<tbody>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">中源协和</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">属于细胞制备环节,涉及干细胞技术研发与产业化</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">开能健康</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">参与干细胞制备相关设备或技术支持</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">四环生物</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">在干细胞制备领域有技术布局</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">冠昊生物</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">主营生物材料及细胞制备技术</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">汉商集团</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">通过收购或投资布局干细胞制备领域</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">正海生物</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">专注生物再生材料及细胞制备技术</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">香雪制药</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">涉及干细胞制备相关药物研发</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">泰林生物</td>
<td class="py-3 px-4 text-gray-600">细胞制备</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">上游设备/技术</td>
<td class="py-3 px-4 text-gray-600">提供细胞制备所需的生物培养设备</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">南京新百</td>
<td class="py-3 px-4 text-gray-600">细胞存储</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">中游存储</td>
<td class="py-3 px-4 text-gray-600">拥有脐带血干细胞存储核心业务</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">南华生物</td>
<td class="py-3 px-4 text-gray-600">细胞存储</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">中游存储</td>
<td class="py-3 px-4 text-gray-600">主营干细胞存储及再生医学服务</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">戴维医疗</td>
<td class="py-3 px-4 text-gray-600">细胞存储</td>
<td class="py-3 px-4 text-gray-600">干细胞</td>
<td class="py-3 px-4 text-gray-600">中游存储</td>
<td class="py-3 px-4 text-gray-600">提供细胞存储设备及技术支持</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">冠昊生物</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">脑损伤治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">干细胞在脑损伤修复领域的临床研究</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">正海生物</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">脑损伤治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">生物材料与干细胞结合用于神经修复</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">迈普医学</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">脑损伤治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">神经再生材料及细胞治疗研发</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">佰仁医疗</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">脑损伤治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">生物材料在脑损伤修复中的应用</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">何氏眼科</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">眼科治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">干细胞技术在眼科疾病中的临床探索</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">济民健康</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">糖尿病治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">干细胞在糖尿病并发症治疗中的应用</td>
</tr>
<tr class="border-b hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">赤天化</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">糖尿病治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">通过子公司布局干细胞治疗糖尿病领域</td>
</tr>
<tr class="hover:bg-gray-50">
<td class="py-3 px-4 font-medium text-gray-800">我武生物</td>
<td class="py-3 px-4 text-gray-600">细胞应用</td>
<td class="py-3 px-4 text-gray-600">糖尿病治疗</td>
<td class="py-3 px-4 text-gray-600">下游应用</td>
<td class="py-3 px-4 text-gray-600">干细胞在代谢疾病治疗中的研发</td>
</tr>
</tbody>
</table>
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