{"id":622494,"date":"2026-02-25T21:54:50","date_gmt":"2026-02-26T05:54:50","guid":{"rendered":"https:\/\/nai500.com\/?p=622494"},"modified":"2026-02-25T21:54:50","modified_gmt":"2026-02-26T05:54:50","slug":"%e8%b7%9f%e6%8a%95%e4%ba%bf%e4%b8%87%e5%af%8c%e7%bf%81-laffont-%e8%a7%a3%e6%9e%90-moderna-%e7%9a%84%e6%8a%95%e8%b5%84%e9%80%bb%e8%be%91","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/02\/%e8%b7%9f%e6%8a%95%e4%ba%bf%e4%b8%87%e5%af%8c%e7%bf%81-laffont-%e8%a7%a3%e6%9e%90-moderna-%e7%9a%84%e6%8a%95%e8%b5%84%e9%80%bb%e8%be%91\/","title":{"rendered":"\u8ddf\u6295\u4ebf\u4e07\u5bcc\u7fc1Laffont\uff1f\u89e3\u6790Moderna\u7684\u6295\u8d44\u903b\u8f91"},"content":{"rendered":"<p class=\"p1\"><span class=\"s2\"><a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=MRNA\">Moderna\uff08MRNA\uff09<\/a><\/span><span class=\"s1\">\u80a1\u4ef7\u5728\u7ecf\u5386\u4e86\u51e0\u5e74\u4f4e\u8ff7\u540e\uff0c\u4e8e\u4eca\u5e741\u6708\u8fce\u6765\u4e24\u4f4d\u6570\u6da8\u5e45\u3002\u8fd9\u5bb6\u51ed\u501fmRNA\u6280\u672f\u548c\u65b0\u51a0\u75ab\u82d7\u5feb\u901f\u7814\u53d1\u800c\u5728\u75ab\u60c5\u671f\u95f4\u58f0\u540d\u9e4a\u8d77\u7684\u751f\u7269\u79d1\u6280\u516c\u53f8\uff0c\u8fd1\u5e74\u6765\u5374\u53d7\u56f0\u4e8e\u8fd9\u4e24\u9879\u6838\u5fc3\u8981\u7d20\uff1a\u7f8e\u56fd\u53bb\u5e74\u7ec8\u6b62\u4e86\u7ea65\u4ebf\u7f8e\u5143\u7684mRNA\u75ab\u82d7\u5f00\u53d1\u8d44\u52a9\uff0c\u540c\u65f6\u65b0\u51a0\u75ab\u82d7\u56e0\u9700\u6c42\u4e0b\u964d\u5bfc\u81f4\u6536\u5165\u8fdc\u4e0d\u53ca\u5cf0\u503c\u6c34\u5e73\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u8be5\u516c\u53f8\u8fd1\u671f\u53d1\u5c55\u5448\u73b0\u559c\u5fe7\u53c2\u534a\u6001\u52bf\uff1a2024\u5e74\u5176\u547c\u5438\u9053\u5408\u80de\u75c5\u6bd2\uff08RSV\uff09\u75ab\u82d7\u83b7\u6279\u4e0a\u5e02\uff0c\u4f46\u51e0\u4e2a\u6708\u524d\u5de8\u7ec6\u80de\u75c5\u6bd2\uff08CMV\uff09\u75ab\u82d7\u5019\u9009\u7269\u5374\u5728\u2162\u671f\u4e34\u5e8a\u8bd5\u9a8c\u4e2d\u5931\u8d25\u3002\u5bf9\u4e8e\u6709\u610f\u6295\u8d44Moderna\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c\u4ee5\u4e0b\u4fe1\u606f\u503c\u5f97\u91cd\u70b9\u5173\u6ce8\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u56de\u987e\u53d1\u5c55\u5386\u7a0b\uff0c\u8fd9\u5bb6\u751f\u7269\u79d1\u6280\u4f01\u4e1a\u6b63\u5904\u4e8e\u5173\u952e\u8f6c\u6298\u70b9\u3002\u516c\u53f8\u6b63\u7740\u529b\u6253\u9020\u5b63\u8282\u6027\u75ab\u82d7\u4e1a\u52a1\u7ebf\uff0c\u4ee5\u652f\u6491\u6db5\u76d6\u80bf\u7624\u548c\u7f55\u89c1\u75c5\u9886\u57df\u7684\u66f4\u5e7f\u6cdb\u4ea7\u54c1\u7ba1\u7ebf\u7684\u7814\u53d1\u6295\u5165\u3002\u76ee\u524dModerna\u5df2\u4e0a\u5e02\u4e24\u6b3e\u65b0\u51a0\u75ab\u82d7\u53caRSV\u75ab\u82d7\uff0c\u5e76\u8ba1\u5212\u901a\u8fc7\u6d41\u611f\u75ab\u82d7\u6269\u5145\u5b63\u8282\u6027\u4ea7\u54c1\u7ec4\u5408\u3002\u7f8e\u56fd\u98df\u54c1\u836f\u54c1\u76d1\u7763\u7ba1\u7406\u5c40\uff08FDA\uff09\u672c\u6708\u65e9\u4e9b\u65f6\u5019\u66fe\u56e0\u7814\u7a76\u5bf9\u7167\u7ec4\u7684\u75ab\u82d7\u5242\u91cf\u95ee\u9898\u62d2\u7edd\u53d7\u7406\u5176\u6d41\u611f\u5019\u9009\u836f\u7684\u7533\u8bf7\uff0c\u4f46\u5728\u516c\u53f8\u63d0\u4ea4\u4fee\u8ba2\u76d1\u7ba1\u65b9\u6848\u540e\uff0cFDA\u5df2\u8f6c\u53d8\u7acb\u573a\u542f\u52a8\u5ba1\u8bc4\u7a0b\u5e8f\u3002\u82e5\u8fdb\u5c55\u987a\u5229\uff0c\u8be5\u75ab\u82d7\u6709\u671b\u5728\u4e0b\u4e00\u4e2a\u6d41\u611f\u5b63\u524d\u4e0a\u5e02\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u6839\u636e\u4eca\u5e74\u521d\u53d1\u5e03\u7684\u5c55\u671b\uff0cModerna\u9884\u8ba1\u5b63\u8282\u6027\u75ab\u82d7\u9500\u552e\u589e\u957f\u5c06\u63a8\u52a8\u516c\u53f8\u57282028\u5e74\u5b9e\u73b0\u73b0\u91d1\u6536\u652f\u5e73\u8861\u3002\u516c\u53f8\u8fd1\u671f\u91cd\u7533\u672c\u5e74\u5ea6\u8425\u6536\u589e\u5e45\u5c06\u8fbe10%\u7684\u9884\u6d4b\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5176\u7814\u53d1\u7ba1\u7ebf\u6301\u7eed\u63a8\u8fdb\uff0c\u5305\u62ec\u4e00\u6b3e\u6b63\u5904\u4e8e\u2162\u671f\u4e34\u5e8a\u7814\u7a76\u7684\u80bf\u7624\u75ab\u82d7\u5019\u9009\u7269\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5c3d\u7ba1\u6570\u5468\u524d\u906d\u9047FDA\u6682\u7f13\u53d7\u7406\u6d41\u611f\u75ab\u82d7\u7533\u8bf7\u7684\u6ce2\u6298\uff0c\u4f46\u8be5\u95ee\u9898\u5df2\u8fc5\u901f\u89e3\u51b3\u3002\u76d1\u7ba1\u73af\u5883\u4f9d\u7136\u4e25\u5cfb\u610f\u5473\u7740\u8fd9\u5bb6\u751f\u7269\u79d1\u6280\u516c\u53f8\u77ed\u671f\u5185\u4ecd\u53ef\u80fd\u9762\u4e34\u6311\u6218\uff0c\u4f46\u51ed\u501f\u5305\u542b\u591a\u4e2a\u540e\u671f\u5019\u9009\u836f\u7269\u7684\u4e30\u5bcc\u7814\u53d1\u7ba1\u7ebf\uff0c\u5176\u957f\u671f\u524d\u666f\u4f9d\u7136\u53ef\u671f\u3002\u8fd9\u6216\u8bb8\u610f\u5473\u7740Moderna\u80a1\u4ef7\u4e0d\u4f1a\u4e00\u98de\u51b2\u5929\uff0c\u4f46\u5bf9\u4e8e\u5bfb\u6c42\u5177\u6709\u6301\u7eed\u53d1\u5c55\u6f5c\u529b\u7684\u751f\u7269\u79d1\u6280\u4f01\u4e1a\u7684\u8010\u5fc3\u6295\u8d44\u8005\u800c\u8a00\uff0c\u4e0d\u5931\u4e3a\u4e00\u4e2a\u4f18\u8d28\u9009\u62e9\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u503c\u5f97\u5173\u6ce8\u7684\u662f\uff0c\u4ebf\u4e07\u5bcc\u7fc1\u3001 Coatue Management\u521b\u59cb\u4ebaPhilippe Laffont\u8fd1\u671f\u5efa\u4ed3Moderna\uff0c\u8d2d\u516520\u4e07\u80a1\u3002\u8fd9\u5bb6\u7ba1\u7406\u7740390\u4ebf\u7f8e\u514313F\u8bc1\u5238\u7684\u5bf9\u51b2\u57fa\u91d1\uff0c\u5176\u56db\u5927\u91cd\u4ed3\u80a1\u5747\u5c5e\u79d1\u6280\u884c\u4e1a\uff0c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=TSM\"><span class=\"s2\">\u53f0\u79ef\u7535<\/span><\/a>\u4ee5\u5360\u6bd4\u8d856.5%\u5c45\u9996\u3002\u5c3d\u7ba1\u8be5\u7b14\u4ea4\u6613\u4ec5\u5360\u5176\u6295\u8d44\u7ec4\u5408\u76840.01%\uff0c\u4f46\u8fd9\u4f4d\u4ee5\u6355\u6349\u79d1\u6280\u8d62\u5bb6\u8457\u79f0\u7684\u6295\u8d44\u8005\u7684\u52a8\u5411\u4ecd\u5f15\u53d1\u5e02\u573a\u5173\u6ce8\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Moderna\u5728\u75ab\u60c5\u521d\u671f\u56e0\u63a8\u51fa\u65b0\u51a0\u75ab\u82d7\u800c\u80a1\u4ef7\u98d9\u5347\uff0c\u4f46\u968f\u7740\u75ab\u82d7\u9700\u6c42\u4e0b\u964d\uff0c\u8fc7\u53bb\u4e09\u5e74\u7d2f\u8ba1\u8dcc\u5e45\u8d8570%\u3002\u5982\u4eca\u516c\u53f8\u901a\u8fc7\u6210\u672c\u63a7\u5236\u4e0e\u6218\u7565\u8f6c\u578b\uff0c\u5c06\u91cd\u70b9\u805a\u7126\u4e8e\u957f\u671f\u53d1\u5c55\uff1a\u4f9d\u6258\u65b0\u51a0\u75ab\u82d7\u548cRSV\u75ab\u82d7\u7684\u73b0\u6709\u4e1a\u52a1\uff0c\u8ba1\u5212\u901a\u8fc7\u6d41\u611f\u75ab\u82d7\u6269\u5145\u547c\u5438\u9886\u57df\u4ea7\u54c1\u7ebf\uff0c\u5229\u7528\u8be5\u4e1a\u52a1\u6536\u5165\u652f\u6491\u80bf\u7624\u548c\u7f55\u89c1\u75c5\u9886\u57df\u7684\u7814\u53d1\u6295\u5165\u3002\u76ee\u524d\u5176\u7814\u53d1\u7ba1\u7ebf\u4e2d\u5df2\u6709\u80bf\u7624\u5019\u9009\u836f\u7269\u8fdb\u5165\u2162\u671f\u8bd5\u9a8c\uff0c\u53e6\u6709\u4f17\u591a\u5728\u7814\u836f\u7269\u6301\u7eed\u63a8\u8fdb\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5206\u6790\u8ba4\u4e3a\uff0cLaffont\u867d\u672a\u516c\u5f00\u5efa\u4ed3\u7406\u7531\uff0c\u4f46\u5176\u663e\u7136\u8ba4\u53efModerna\u4f5c\u4e3amRNA\u6280\u672f\u5e73\u53f0\u7684\u521b\u65b0\u80fd\u529b\uff0c\u5e76\u770b\u597d\u5176\u5f00\u542f\u65b0\u4e00\u8f6e\u589e\u957f\u5468\u671f\u7684\u6f5c\u529b\u3002\u8fd9\u4f4d\u901a\u8fc7\u6295\u8d44CoreWeave\u5df2\u83b7\u4e30\u539a\u56de\u62a5\u7684\u6295\u8d44\u4eba\uff0c\u6216\u8bb8\u6b63\u5728\u5bfb\u627e\u65b0\u7684\u589e\u957f\u673a\u9047\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moderna\uff08MRNA\uff09\u80a1\u4ef7\u5728\u7ecf\u5386\u4e86\u51e0\u5e74\u4f4e\u8ff7\u540e\uff0c\u4e8e\u4eca\u5e741\u6708\u8fce\u6765\u4e24\u4f4d\u6570\u6da8\u5e45\u3002\u8fd9\u5bb6\u51ed\u501fmRNA\u6280\u672f\u548c\u65b0\u51a0\u75ab\u82d7\u5feb\u901f [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":612375,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427],"tags":[513,455,925,459],"class_list":["post-622494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-513","tag-455","tag-925","tag-459","sectors-life-science-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/622494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=622494"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/622494\/revisions"}],"predecessor-version":[{"id":622497,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/622494\/revisions\/622497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/612375"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=622494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=622494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=622494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}