反周期行业的猎手,需要速度与眼力兼备,才能提前捕获先机。“在中国,任何一个行业都可能出现衰退,但医药行业不会。”一家医药投资基金的有限合伙人(LP)这样向记者表述他将资金投入这一行业的动机。无论这一预判是否属实,相对于早、中、晚期投资都异常活跃的TMT领域而言,医药领域的投资,尤其是早期投资,由于专业门槛较高、单笔投资额较大、多以并购方式 Counter-cyclical industry hunter, need both speed and eyesight, in order to capture opportunities in advance. “In China, any industry may experience a recession, but the pharmaceutical industry will not.” A LP (LP), a pharmaceutical investment fund, told reporters about his motivation for putting money into the industry. Regardless of whether this prediction is true or not, the investment in the medical field, especially the early stage of investment, is relatively high compared to the TMT field in which the early, middle and late stage investments are very active. Due to the high professional threshold and the large amount of single investment, Mergers and acquisitions