刚刚过去的2025年，国内创新药领域最热门的关键词无疑是“BD交易”。 图1.2020-2025年中国创新药海外BD交易事件数及金额（数据来源：医药魔方） ...

As the year draws to a close, the urgency of breaking news gives way to a quieter reckoning: what, in retrospect, actually defined the past 12 months? Headlines fade quickly, but the words that recur ...