{"id":320920,"date":"2025-07-22T17:54:57","date_gmt":"2025-07-22T17:54:57","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/pharmaceutical-stocks-pt-2\/"},"modified":"2025-07-22T17:54:57","modified_gmt":"2025-07-22T17:54:57","slug":"pharmaceutical-stocks-pt","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/pharmaceutical-stocks-pt\/","title":{"rendered":"C\u1ed5 phi\u1ebfu D\u01b0\u1ee3c ph\u1ea9m: C\u01a1 h\u1ed9i \u0110\u1ea7u t\u01b0 trong Ng\u00e0nh D\u01b0\u1ee3c ph\u1ea9m Brazil n\u0103m 2025"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":177675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[39,45,44],"class_list":["post-320920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-platform","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: Ho\u00e0n th\u00e0nh h\u1ecdc c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: Ho\u00e0n th\u00e0nh h\u1ecdc c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil"},"description":"Kh\u00e1m ph\u00e1 c\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ed1t nh\u1ea5t t\u1ea1i Brazil v\u1edbi ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sinh l\u1eddi cho th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. T\u00ecm hi\u1ec3u c\u00e1ch Pocket Option c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c \u0111ang ph\u00e1t tri\u1ec3n n\u00e0y.","description_source":{"label":"Description","type":"textarea","formatted_value":"Kh\u00e1m ph\u00e1 c\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ed1t nh\u1ea5t t\u1ea1i Brazil v\u1edbi ph\u00e2n t\u00edch \u0111\u1ed9c quy\u1ec1n v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 sinh l\u1eddi cho th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. T\u00ecm hi\u1ec3u c\u00e1ch Pocket Option c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n \u0111\u1ea7u t\u01b0 v\u00e0o l\u0129nh v\u1ef1c \u0111ang ph\u00e1t tri\u1ec3n n\u00e0y."},"intro":"Trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i ph\u00e2n t\u00edch s\u00e2u th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n d\u01b0\u1ee3c ph\u1ea9m Brazil, cung c\u1ea5p nh\u1eefng th\u00f4ng tin qu\u00fd gi\u00e1 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9. B\u1ea1n s\u1ebd t\u00ecm th\u1ea5y ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 ng\u00e0nh, c\u00e1c c\u00f4ng ty l\u1edbn, xu h\u01b0\u1edbng m\u1edbi n\u1ed5i v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a b\u1ea1n trong ph\u00e2n kh\u00fac \u0111\u1ea7y h\u1ee9a h\u1eb9n n\u00e0y v\u00e0o n\u0103m 2025.","intro_source":{"label":"Intro","type":"text","formatted_value":"Trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i ph\u00e2n t\u00edch s\u00e2u th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n d\u01b0\u1ee3c ph\u1ea9m Brazil, cung c\u1ea5p nh\u1eefng th\u00f4ng tin qu\u00fd gi\u00e1 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9. B\u1ea1n s\u1ebd t\u00ecm th\u1ea5y ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 ng\u00e0nh, c\u00e1c c\u00f4ng ty l\u1edbn, xu h\u01b0\u1edbng m\u1edbi n\u1ed5i v\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u1ef1c ti\u1ec5n \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a b\u1ea1n trong ph\u00e2n kh\u00fac \u0111\u1ea7y h\u1ee9a h\u1eb9n n\u00e0y v\u00e0o n\u0103m 2025."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>To\u00e0n C\u1ea3nh Hi\u1ec7n T\u1ea1i c\u1ee7a Th\u1ecb Tr\u01b0\u1eddng C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m t\u1ea1i Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil \u0111\u00e3 th\u1ec3 hi\u1ec7n s\u1ef1 ki\u00ean c\u01b0\u1eddng \u0111\u00e1ng k\u1ec3 trong nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y, ngay c\u1ea3 khi \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1c ng\u00e0nh kh\u00e1c. N\u0103m 2025, ph\u00e2n kh\u00fac n\u00e0y ti\u1ebfp t\u1ee5c mang l\u1ea1i c\u01a1 h\u1ed9i \u0111\u00e1ng k\u1ec3 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh v\u1edbi t\u00e0i s\u1ea3n trong l\u0129nh v\u1ef1c ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe. Nhu c\u1ea7u li\u00ean t\u1ee5c v\u1ec1 thu\u1ed1c, b\u1ea5t k\u1ec3 chu k\u1ef3 kinh t\u1ebf, mang l\u1ea1i cho c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t t\u00ednh ch\u1ea5t ph\u00f2ng th\u1ee7 thu h\u00fat c\u1ea3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ea3o th\u1ee7 v\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 h\u1ed3 s\u01a1 \u0111\u1ea7u t\u01b0 t\u00edch c\u1ef1c h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7n t\u1ea1i, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil di chuy\u1ec3n kho\u1ea3ng 90 t\u1ef7 R$ h\u00e0ng n\u0103m, v\u1edbi d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng t\u1eeb 5% \u0111\u1ebfn 8% trong nh\u1eefng n\u0103m t\u1edbi. S\u1ef1 t\u0103ng tr\u01b0\u1edfng n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 gi\u00e0 h\u00f3a c\u1ee7a d\u00e2n s\u1ed1 Brazil, m\u1edf r\u1ed9ng ti\u1ebfp c\u1eadn c\u00e1c k\u1ebf ho\u1ea1ch y t\u1ebf v\u00e0 t\u0103ng thu nh\u1eadp trung b\u00ecnh, nh\u1eefng y\u1ebfu t\u1ed1 l\u00e0m t\u0103ng ti\u00eau th\u1ee5 thu\u1ed1c v\u00e0 c\u00e1c s\u1ea3n ph\u1ea9m li\u00ean quan \u0111\u1ebfn s\u1ee9c kh\u1ecfe. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, k\u1ecbch b\u1ea3n n\u00e0y \u0111\u1ea1i di\u1ec7n cho m\u1ed9t c\u01a1 h\u1ed9i hi\u1ebfm th\u1ea5y \u1edf c\u00e1c ng\u00e0nh kh\u00e1c c\u1ee7a n\u1ec1n kinh t\u1ebf.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m \u0111\u00e3 n\u1ed5i b\u1eadt tr\u00ean B3 (Brasil, Bolsa, Balc\u00e3o) v\u00ec mang l\u1ea1i k\u1ebft qu\u1ea3 nh\u1ea5t qu\u00e1n ngay c\u1ea3 trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng. Trong qu\u00fd \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2025, ch\u1eb3ng h\u1ea1n, trong khi Ibovespa ghi nh\u1eadn s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft v\u1eabn duy tr\u00ec xu h\u01b0\u1edbng t\u0103ng, v\u1edbi m\u1ee9c t\u0103ng trung b\u00ecnh 12,3% - v\u01b0\u1ee3t tr\u1ed9i h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng chung.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1<\/th><th>Ng\u00e0nh D\u01b0\u1ee3c Ph\u1ea9m<\/th><th>Ibovespa (Chung)<\/th><\/tr><\/thead><tbody><tr><td>T\u0103ng tr\u01b0\u1edfng Qu\u00fd 1 2025<\/td><td>+12,3%<\/td><td>+4,8%<\/td><\/tr><tr><td>Bi\u1ebfn \u0111\u1ed9ng<\/td><td>Th\u1ea5p\/Trung b\u00ecnh<\/td><td>Cao<\/td><\/tr><tr><td>C\u1ed5 t\u1ee9c (Trung b\u00ecnh)<\/td><td>4,6% p.a.<\/td><td>3,2% p.a.<\/td><\/tr><tr><td>Tri\u1ec3n v\u1ecdng 2025<\/td><td>Thu\u1eadn l\u1ee3i<\/td><td>Trung b\u00ecnh<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c Y\u1ebfu T\u1ed1 Quy\u1ebft \u0110\u1ecbnh Th\u00e0nh C\u00f4ng trong \u0110\u1ea7u T\u01b0 C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111\u1ecbnh v\u1ecb m\u00ecnh m\u1ed9t c\u00e1ch ph\u00f9 h\u1ee3p tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u1ea7n hi\u1ec3u c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y. Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c ng\u00e0nh kh\u00e1c, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Brazil ho\u1ea1t \u0111\u1ed9ng d\u01b0\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c c\u1ee5 th\u1ec3 quy\u1ebft \u0111\u1ecbnh s\u1ef1 t\u0103ng tr\u01b0\u1edfng v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a h\u1ecd.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00e1c Kh\u00eda C\u1ea1nh Quy \u0110\u1ecbnh v\u00e0 T\u00e1c \u0110\u1ed9ng c\u1ee7a Ch\u00fang<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh ch\u1eb7t ch\u1ebd b\u1edfi ANVISA (C\u01a1 quan Gi\u00e1m s\u00e1t Y t\u1ebf Qu\u1ed1c gia), \u0111i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng v\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option n\u00ean theo d\u00f5i ch\u1eb7t ch\u1ebd c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh, v\u00ec ch\u00fang c\u00f3 th\u1ec3 t\u1ea1o ra c\u1ea3 r\u00e0o c\u1ea3n v\u00e0 c\u01a1 h\u1ed9i cho c\u00e1c c\u00f4ng ty trong ng\u00e0nh. Vi\u1ec7c ph\u00ea duy\u1ec7t c\u00e1c lo\u1ea1i thu\u1ed1c m\u1edbi, thay \u0111\u1ed5i trong quy t\u1eafc ti\u1ebfp th\u1ecb v\u00e0 ki\u1ec3m so\u00e1t gi\u00e1 l\u00e0 nh\u1eefng kh\u00eda c\u1ea1nh quan tr\u1ecdng c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>S\u1ef1 Ki\u1ec7n Quy \u0110\u1ecbnh<\/th><th>T\u00e1c \u0110\u1ed9ng Ti\u1ec1m N\u0103ng<\/th><th>C\u00f4ng Ty B\u1ecb \u1ea2nh H\u01b0\u1edfng Nhi\u1ec1u Nh\u1ea5t<\/th><\/tr><\/thead><tbody><tr><td>Ph\u00ea duy\u1ec7t Thu\u1ed1c Generic<\/td><td>C\u00f3 l\u1ee3i cho nh\u00e0 s\u1ea3n xu\u1ea5t generic; g\u00e2y \u00e1p l\u1ef1c l\u00ean bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 s\u00e1ng t\u1ea1o<\/td><td>Hypera, EMS, Eurofarma<\/td><\/tr><tr><td>Ki\u1ec3m so\u00e1t Gi\u00e1<\/td><td>Gi\u1edbi h\u1ea1n ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng doanh thu<\/td><td>T\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/td><\/tr><tr><td>\u01afu \u0111\u00e3i Thu\u1ebf R&amp;D<\/td><td>C\u00f3 l\u1ee3i cho c\u00e1c c\u00f4ng ty c\u00f3 \u0111\u01b0\u1eddng \u1ed1ng \u0111\u1ed5i m\u1edbi m\u1ea1nh m\u1ebd<\/td><td>Ach\u00e9, Crist\u00e1lia, Biolab<\/td><\/tr><tr><td>\u0110\u01a1n gi\u1ea3n h\u00f3a \u0110\u0103ng k\u00fd<\/td><td>\u0110\u1ea9y nhanh vi\u1ec7c ra m\u1eaft; gi\u1ea3m chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng<\/td><td>C\u00e1c doanh nghi\u1ec7p nh\u1ecf v\u00e0 v\u1eeba<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i ra, l\u1ecbch s\u1eed \u0111\u1ea7u t\u01b0 v\u00e0o nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n (R&amp;D) l\u00e0 r\u1ea5t quan tr\u1ecdng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 t\u00ednh b\u1ec1n v\u1eefng l\u00e2u d\u00e0i c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m. C\u00e1c c\u00f4ng ty ph\u00e2n b\u1ed5 t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m \u0111\u00e1ng k\u1ec3 doanh thu c\u1ee7a h\u1ecd cho \u0111\u1ed5i m\u1edbi c\u00f3 xu h\u01b0\u1edbng x\u00e2y d\u1ef1ng l\u1ee3i th\u1ebf c\u1ea1nh tranh l\u00e2u d\u00e0i h\u01a1n, \u0111i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh t\u00edch c\u1ef1c trong gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a h\u1ecd trong trung v\u00e0 d\u00e0i h\u1ea1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Vai Tr\u00f2 c\u1ee7a Thu\u1ed1c Generic v\u00e0 Biosimilar<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Brazil cho thu\u1ed1c generic v\u00e0 biosimilar \u0111\u00e3 ph\u00e1t tri\u1ec3n v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh ch\u00f3ng, chi\u1ebfm t\u1ef7 tr\u1ecdng ng\u00e0y c\u00e0ng l\u1edbn trong t\u1ed5ng doanh thu c\u1ee7a ng\u00e0nh. C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 c\u00e1c ph\u00e2n kh\u00fac n\u00e0y, nh\u01b0 Hypera Pharma (HYPE3), \u0111\u00e3 tr\u00ecnh b\u00e0y k\u1ebft qu\u1ea3 \u1ea5n t\u01b0\u1ee3ng, thu h\u00fat c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 t\u1ed1t.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a thu\u1ed1c generic \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 h\u1ebft h\u1ea1n c\u1ee7a b\u1eb1ng s\u00e1ng ch\u1ebf cho c\u00e1c lo\u1ea1i thu\u1ed1c tham chi\u1ebfu v\u00e0 ch\u00ednh s\u00e1ch thu\u1ed1c qu\u1ed1c gia, khuy\u1ebfn kh\u00edch thay th\u1ebf b\u1eb1ng c\u00e1c l\u1ef1a ch\u1ecdn thay th\u1ebf d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option, c\u00e1c c\u00f4ng ty \u0111\u1ecbnh v\u1ecb trong ph\u00e2n kh\u00fac n\u00e0y mang l\u1ea1i s\u1ef1 k\u1ebft h\u1ee3p th\u00fa v\u1ecb gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 \u0111\u1ed9 nh\u1ea1y c\u1ea3m th\u1ea5p h\u01a1n v\u1edbi c\u00e1c chu k\u1ef3 kinh t\u1ebf.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thu\u1ed1c generic chi\u1ebfm kho\u1ea3ng 38% th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Brazil theo kh\u1ed1i l\u01b0\u1ee3ng, v\u1edbi d\u1ef1 b\u00e1o \u0111\u1ea1t 45% v\u00e0o n\u0103m 2027<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ecb tr\u01b0\u1eddng biosimilar d\u1ef1 ki\u1ebfn s\u1ebd t\u0103ng tr\u01b0\u1edfng v\u1edbi t\u1ed1c \u0111\u1ed9 25% m\u1ed7i n\u0103m t\u1ea1i Brazil, v\u01b0\u1ee3t xa m\u1ee9c t\u0103ng tr\u01b0\u1edfng trung b\u00ecnh c\u1ee7a ng\u00e0nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c c\u00f4ng ty c\u00f3 danh m\u1ee5c \u0111a d\u1ea1ng trong thu\u1ed1c generic \u0111\u00e3 ch\u1ee9ng minh kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t h\u01a1n v\u1edbi \u00e1p l\u1ef1c gi\u00e1 v\u00e0 c\u1ea1nh tranh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ef1 d\u1ecdc h\u00f3a s\u1ea3n xu\u1ea5t th\u00e0nh ph\u1ea7n ho\u1ea1t ch\u1ea5t d\u01b0\u1ee3c ph\u1ea9m (API) mang l\u1ea1i l\u1ee3i th\u1ebf c\u1ea1nh tranh cho c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 v\u00e0o chi\u1ebfn l\u01b0\u1ee3c n\u00e0y<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m Ch\u00ednh tr\u00ean B3: Ph\u00e2n T\u00edch C\u01a1 B\u1ea3n<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil, m\u1eb7c d\u00f9 kh\u00f4ng r\u1ed9ng l\u1edbn nh\u01b0 c\u00e1c ng\u00e0nh kh\u00e1c, mang l\u1ea1i c\u01a1 h\u1ed9i h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0. Trong s\u1ed1 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft tr\u00ean B3, m\u1ed9t s\u1ed1 n\u1ed5i b\u1eadt v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc v\u00e0 tri\u1ec3n v\u1ecdng h\u1ee9a h\u1eb9n. Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y c\u00f3 th\u1ec3 gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i t\u1ed1t nh\u1ea5t trong ng\u00e0nh.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>C\u00f4ng ty<\/th><th>M\u00e3 c\u1ed5 phi\u1ebfu<\/th><th>P\/E<\/th><th>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c<\/th><th>ROE<\/th><th>N\u1ee3 r\u00f2ng\/EBITDA<\/th><\/tr><\/thead><tbody><tr><td>Hypera Pharma<\/td><td>HYPE3<\/td><td>15,8<\/td><td>4,2%<\/td><td>18,3%<\/td><td>1,7x<\/td><\/tr><tr><td>Raia Drogasil<\/td><td>RADL3<\/td><td>42,3<\/td><td>0,9%<\/td><td>21,5%<\/td><td>0,8x<\/td><\/tr><tr><td>Pague Menos<\/td><td>PGMN3<\/td><td>25,6<\/td><td>1,3%<\/td><td>14,1%<\/td><td>2,4x<\/td><\/tr><tr><td>d1000<\/td><td>DMVF3<\/td><td>31,2<\/td><td>1,0%<\/td><td>11,8%<\/td><td>1,9x<\/td><\/tr><tr><td>Viveo<\/td><td>VVEO3<\/td><td>18,7<\/td><td>3,5%<\/td><td>15,6%<\/td><td>2,2x<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hypera Pharma (HYPE3) n\u1ed5i b\u1eadt l\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft l\u1edbn nh\u1ea5t t\u1ea1i Brazil, v\u1edbi s\u1ef1 hi\u1ec7n di\u1ec7n m\u1ea1nh m\u1ebd trong c\u00e1c ph\u00e2n kh\u00fac thu\u1ed1c kh\u00f4ng k\u00ea \u0111\u01a1n (OTC) v\u00e0 thu\u1ed1c generic. V\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 h\u1ea5p d\u1eabn v\u00e0 c\u1ed5 t\u1ee9c nh\u1ea5t qu\u00e1n, n\u00f3 \u0111\u1ea1i di\u1ec7n cho m\u1ed9t l\u1ef1a ch\u1ecdn th\u00fa v\u1ecb cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1edbi h\u1ed3 s\u01a1 ph\u00f2ng th\u1ee7 v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o ti\u1ec1n m\u1eb7t t\u1ed1t.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Raia Drogasil (RADL3), m\u1eb7c d\u00f9 ho\u1ea1t \u0111\u1ed9ng trong b\u00e1n l\u1ebb d\u01b0\u1ee3c ph\u1ea9m v\u00e0 kh\u00f4ng s\u1ea3n xu\u1ea5t thu\u1ed1c, th\u01b0\u1eddng \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o c\u00e1c ph\u00e2n t\u00edch v\u1ec1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m do m\u1ed1i t\u01b0\u01a1ng quan m\u1ea1nh m\u1ebd v\u1edbi ng\u00e0nh. C\u00f4ng ty \u0111\u00e3 tr\u00ecnh b\u00e0y s\u1ef1 t\u0103ng tr\u01b0\u1edfng nhanh ch\u00f3ng th\u00f4ng qua m\u1edf r\u1ed9ng h\u1eefu c\u01a1 v\u00e0 c\u00e1c v\u1ee5 mua l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c, v\u1edbi tr\u1ecdng t\u00e2m l\u00e0 s\u1ed1 h\u00f3a v\u00e0 t\u0103ng c\u01b0\u1eddng th\u00e2m nh\u1eadp v\u00e0o c\u00e1c khu v\u1ef1c c\u00f3 s\u1ef1 hi\u1ec7n di\u1ec7n th\u1ea5p h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Xu H\u01b0\u1edbng N\u1ed5i B\u1eadt trong Ng\u00e0nh D\u01b0\u1ee3c Ph\u1ea9m Brazil: H\u01b0\u1edbng \u0110\u1ea7u T\u01b0 \u0110ang \u0110i \u0110\u00e2u<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil \u0111ang tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 s\u1ebd \u0111\u1ecbnh h\u00ecnh t\u01b0\u01a1ng lai c\u1ee7a c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nh\u1eadn di\u1ec7n nh\u1eefng xu h\u01b0\u1edbng n\u00e0y c\u00f3 th\u1ec3 quy\u1ebft \u0111\u1ecbnh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option mu\u1ed1n \u0111\u1ecbnh v\u1ecb m\u00ecnh s\u1edbm trong c\u00e1c ph\u00e2n kh\u00fac h\u1ee9a h\u1eb9n.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y t\u1ebf t\u1eeb xa v\u00e0 s\u1ee9c kh\u1ecfe k\u1ef9 thu\u1eadt s\u1ed1: c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111ang \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c n\u1ec1n t\u1ea3ng ch\u0103m s\u00f3c t\u1eeb xa v\u00e0 gi\u00e1m s\u00e1t b\u1ec7nh nh\u00e2n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y h\u1ecdc c\u00e1 nh\u00e2n h\u00f3a: ph\u00e1t tri\u1ec3n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111i\u1ec1u tr\u1ecb d\u1ef1a tr\u00ean \u0111\u1eb7c \u0111i\u1ec3m di truy\u1ec1n c\u1ee5 th\u1ec3 c\u1ee7a b\u1ec7nh nh\u00e2n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ed1 h\u00f3a chu\u1ed7i cung \u1ee9ng: tri\u1ec3n khai c\u00f4ng ngh\u1ec7 \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a logistics v\u00e0 truy xu\u1ea5t ngu\u1ed3n g\u1ed1c thu\u1ed1c ho\u00e0n ch\u1ec9nh<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf: c\u00e1c c\u00f4ng ty Brazil t\u00ecm ki\u1ebfm th\u1ecb tr\u01b0\u1eddng M\u1ef9 Latinh \u0111\u1ec3 t\u0103ng tr\u01b0\u1edfng th\u00eam<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u00e1p nh\u1eadp v\u00e0 mua l\u1ea1i: h\u1ee3p nh\u1ea5t ng\u00e0nh v\u1edbi c\u00e1c c\u00f4ng ty l\u1edbn mua l\u1ea1i c\u00e1c ph\u00f2ng th\u00ed nghi\u1ec7m nh\u1ecf v\u00e0 chuy\u00ean bi\u1ec7t<\/li><\/ul><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Xu H\u01b0\u1edbng<\/th><th>T\u00e1c \u0110\u1ed9ng D\u1ef1 Ki\u1ebfn<\/th><th>C\u00f4ng Ty \u0110\u01b0\u1ee3c \u0110\u1ecbnh V\u1ecb T\u1ed1t<\/th><\/tr><\/thead><tbody><tr><td>S\u1ee9c kh\u1ecfe K\u1ef9 thu\u1eadt s\u1ed1<\/td><td>Cao<\/td><td>Hypera, Fleury, Raia Drogasil<\/td><\/tr><tr><td>C\u00f4ng ngh\u1ec7 Sinh h\u1ecdc<\/td><td>Cao\/Trung b\u00ecnh<\/td><td>Crist\u00e1lia, Biolab, Ach\u00e9<\/td><\/tr><tr><td>B\u1ec1n v\u1eefng<\/td><td>Trung b\u00ecnh<\/td><td>EMS, Eurofarma, Hypera<\/td><\/tr><tr><td>H\u1ee3p nh\u1ea5t Th\u1ecb tr\u01b0\u1eddng<\/td><td>Cao<\/td><td>Hypera, Raia Drogasil, Pague Menos<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Chuy\u1ec3n \u0111\u1ed5i k\u1ef9 thu\u1eadt s\u1ed1 l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ed9ng l\u1ef1c ch\u00ednh c\u1ee7a s\u1ef1 thay \u0111\u1ed5i trong ng\u00e0nh. C\u00e1c c\u00f4ng ty \u0111ang \u0111\u1ea7u t\u01b0 v\u00e0o th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed, \u1ee9ng d\u1ee5ng tu\u00e2n th\u1ee7 \u0111i\u1ec1u tr\u1ecb v\u00e0 c\u00e1c n\u1ec1n t\u1ea3ng quan h\u1ec7 v\u1edbi b\u00e1c s\u0129 v\u00e0 b\u1ec7nh nh\u00e2n \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3. Raia Drogasil, ch\u1eb3ng h\u1ea1n, \u0111\u00e3 nhanh ch\u00f3ng m\u1edf r\u1ed9ng k\u00eanh k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a m\u00ecnh, hi\u1ec7n chi\u1ebfm h\u01a1n 12% t\u1ed5ng doanh thu c\u1ee7a c\u00f4ng ty.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>C\u00f4ng ngh\u1ec7 Sinh h\u1ecdc v\u00e0 \u0110\u1ed5i m\u1edbi: T\u01b0\u01a1ng Lai c\u1ee7a Ng\u00e0nh<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00f4ng ngh\u1ec7 sinh h\u1ecdc \u0111\u1ea1i di\u1ec7n cho m\u1ed9t bi\u00ean gi\u1edbi \u0111\u1ea7y h\u1ee9a h\u1eb9n cho c\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil. C\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 v\u00e0o nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n c\u00e1c lo\u1ea1i thu\u1ed1c sinh h\u1ecdc, nh\u01b0 kh\u00e1ng th\u1ec3 \u0111\u01a1n d\u00f2ng v\u00e0 li\u1ec7u ph\u00e1p gen, c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng \u1ea5n t\u01b0\u1ee3ng trong nh\u1eefng n\u0103m t\u1edbi. M\u1eb7c d\u00f9 Brazil v\u1eabn \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u trong ph\u00e2n kh\u00fac n\u00e0y so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng tr\u01b0\u1edfng th\u00e0nh h\u01a1n, c\u00e1c s\u00e1ng ki\u1ebfn quan tr\u1ecdng \u0111ang b\u1eaft \u0111\u1ea7u c\u00f3 \u0111\u1ed9ng l\u1ef1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a biosimilar, c\u00e1c phi\u00ean b\u1ea3n d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n c\u1ee7a c\u00e1c lo\u1ea1i thu\u1ed1c sinh h\u1ecdc tham chi\u1ebfu, \u0111\u1ea1i di\u1ec7n cho m\u1ed9t c\u01a1 h\u1ed9i \u0111\u1eb7c bi\u1ec7t th\u00fa v\u1ecb cho c\u00e1c c\u00f4ng ty Brazil. S\u1ef1 h\u1ebft h\u1ea1n c\u1ee7a b\u1eb1ng s\u00e1ng ch\u1ebf cho nhi\u1ec1u lo\u1ea1i thu\u1ed1c sinh h\u1ecdc c\u00f3 gi\u00e1 tr\u1ecb cao m\u1edf ra kh\u00f4ng gian cho c\u00e1c ph\u00f2ng th\u00ed nghi\u1ec7m qu\u1ed1c gia \u0111\u00e3 l\u00e0m ch\u1ee7 c\u00e1c c\u00f4ng ngh\u1ec7 li\u00ean quan.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea7u t\u01b0 R&amp;D trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil \u0111\u1ea1t 3,2 t\u1ef7 R$ v\u00e0o n\u0103m 2024, t\u0103ng tr\u01b0\u1edfng 15% so v\u1edbi n\u0103m tr\u01b0\u1edbc<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quan h\u1ec7 \u0111\u1ed1i t\u00e1c gi\u1eefa c\u00e1c tr\u01b0\u1eddng \u0111\u1ea1i h\u1ecdc v\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m t\u0103ng 30% trong ba n\u0103m qua<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ed1 l\u01b0\u1ee3ng b\u1eb1ng s\u00e1ng ch\u1ebf d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c n\u1ed9p b\u1edfi c\u00e1c c\u00f4ng ty Brazil t\u0103ng 22% v\u00e0o n\u0103m 2024<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m cho C\u00e1c H\u1ed3 S\u01a1 Kh\u00e1c Nhau<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u00edch \u1ee9ng v\u1edbi h\u1ed3 s\u01a1 r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh c\u1ee7a t\u1eebng nh\u00e0 \u0111\u1ea7u t\u01b0. Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 ph\u00e1t tri\u1ec3n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y, cho ph\u00e9p c\u1ea3 ho\u1ea1t \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u00e0 \u0111\u1ecbnh v\u1ecb cho c\u00e1c ch\u00e2n tr\u1eddi d\u00e0i h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>H\u1ed3 S\u01a1 Nh\u00e0 \u0110\u1ea7u T\u01b0<\/th><th>Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ec1 Xu\u1ea5t<\/th><th>C\u1ed5 Phi\u1ebfu \u0110\u1ec1 Xu\u1ea5t<\/th><th>Th\u1eddi Gian<\/th><\/tr><\/thead><tbody><tr><td>B\u1ea3o th\u1ee7<\/td><td>C\u1ed5 t\u1ee9c v\u00e0 c\u00f4ng ty \u0111\u00e3 th\u00e0nh l\u1eadp<\/td><td>HYPE3, RADL3<\/td><td>D\u00e0i h\u1ea1n (3+ n\u0103m)<\/td><\/tr><tr><td>Trung b\u00ecnh<\/td><td>K\u1ebft h\u1ee3p gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 c\u1ed5 t\u1ee9c<\/td><td>HYPE3, PGMN3, VVEO3<\/td><td>Trung-d\u00e0i h\u1ea1n (2-5 n\u0103m)<\/td><\/tr><tr><td>T\u00edch c\u1ef1c<\/td><td>C\u00f4ng ty \u0111ang m\u1edf r\u1ed9ng v\u00e0 v\u1ed1n h\u00f3a nh\u1ecf<\/td><td>DMVF3, PGMN3, c\u00f4ng ty tr\u01b0\u1edbc IPO<\/td><td>Trung h\u1ea1n (1-3 n\u0103m)<\/td><\/tr><tr><td>Giao d\u1ecbch vi\u00ean<\/td><td>Ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn thu\u1eadt d\u1ef1a tr\u00ean ch\u1ea5t x\u00fac t\u00e1c<\/td><td>T\u1ea5t c\u1ea3, theo c\u01a1 h\u1ed9i k\u1ef9 thu\u1eadt<\/td><td>Ng\u1eafn h\u1ea1n (ng\u00e0y \u0111\u1ebfn th\u00e1ng)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 h\u1ed3 s\u01a1 b\u1ea3o th\u1ee7 h\u01a1n, c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1edbi l\u1ecbch s\u1eed thanh to\u00e1n c\u1ed5 t\u1ee9c nh\u1ea5t qu\u00e1n, nh\u01b0 Hypera Pharma, c\u00f3 th\u1ec3 ph\u00f9 h\u1ee3p h\u01a1n. C\u00e1c c\u00f4ng ty n\u00e0y th\u01b0\u1eddng c\u00f3 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p h\u01a1n v\u00e0 cung c\u1ea5p thu nh\u1eadp th\u1ee5 \u0111\u1ed9ng th\u00f4ng qua thanh to\u00e1n c\u1ed5 t\u1ee9c, ngo\u00e0i ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 h\u1ed3 s\u01a1 trung b\u00ecnh c\u00f3 th\u1ec3 ch\u1ecdn m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c c\u00e2n b\u1eb1ng, k\u1ebft h\u1ee3p c\u00e1c c\u00f4ng ty \u0111\u00e3 th\u00e0nh l\u1eadp v\u1edbi c\u00e1c c\u00f4ng ty kh\u00e1c \u0111ang trong giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng nhanh ch\u00f3ng. C\u0169ng n\u00ean \u0111a d\u1ea1ng h\u00f3a gi\u1eefa c\u00e1c ph\u00e2n kh\u00fac kh\u00e1c nhau c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, bao g\u1ed3m nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c, nh\u00e0 ph\u00e2n ph\u1ed1i v\u00e0 chu\u1ed7i nh\u00e0 thu\u1ed1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1ch Ph\u00e2n T\u00edch C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m: C\u00e1c Ch\u1ec9 S\u1ed1 Ch\u00ednh<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 kh\u00e1c bi\u1ec7t so v\u1edbi c\u00e1c ng\u00e0nh kh\u00e1c. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option l\u00e0m n\u1ec1n t\u1ea3ng giao d\u1ecbch n\u00ean ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 gi\u00fap \u0111\u00e1nh gi\u00e1 ti\u1ec1m n\u0103ng v\u00e0 r\u1ee7i ro c\u1ee7a c\u00e1c t\u00e0i s\u1ea3n n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng s\u1ea3n ph\u1ea9m m\u1edbi: s\u1ed1 l\u01b0\u1ee3ng v\u00e0 ti\u1ec1m n\u0103ng th\u01b0\u01a1ng m\u1ea1i c\u1ee7a c\u00e1c lo\u1ea1i thu\u1ed1c \u0111ang ph\u00e1t tri\u1ec3n<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c: ph\u00e2n ph\u1ed1i doanh thu gi\u1eefa c\u00e1c l\u1edbp tr\u1ecb li\u1ec7u kh\u00e1c nhau<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Bi\u00ean EBITDA: kh\u1ea3 n\u0103ng t\u1ea1o ti\u1ec1n m\u1eb7t ho\u1ea1t \u0111\u1ed9ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea7u t\u01b0 R&amp;D nh\u01b0 ph\u1ea7n tr\u0103m doanh thu: ch\u1ec9 s\u1ed1 ti\u1ec1m n\u0103ng \u0111\u1ed5i m\u1edbi trong t\u01b0\u01a1ng lai<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ti\u1ebfp x\u00fac v\u1edbi thu\u1ed1c \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh: ph\u1ea7n tr\u0103m doanh thu ch\u1ecbu ki\u1ec3m so\u00e1t gi\u00e1<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i c\u00e1c ch\u1ec9 s\u1ed1 truy\u1ec1n th\u1ed1ng nh\u01b0 P\/E (Gi\u00e1\/L\u1ee3i nhu\u1eadn) v\u00e0 ROE (L\u1ee3i nhu\u1eadn tr\u00ean V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu), nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 nh\u01b0 t\u0103ng tr\u01b0\u1edfng h\u1eefu c\u01a1 c\u1ee7a \u0111\u01a1n v\u1ecb b\u00e1n, lo\u1ea1i b\u1ecf c\u00e1c t\u00e1c \u0111\u1ed9ng c\u1ee7a t\u0103ng gi\u00e1 v\u00e0 mua l\u1ea1i. Ch\u1ec9 s\u1ed1 n\u00e0y cung c\u1ea5p c\u00e1i nh\u00ecn r\u00f5 r\u00e0ng h\u01a1n v\u1ec1 s\u1ef1 m\u1edf r\u1ed9ng th\u1ef1c s\u1ef1 c\u1ee7a c\u00f4ng ty tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1<\/th><th>\u0110\u00e1nh gi\u00e1 \u0110i\u1ec1u g\u00ec<\/th><th>Tham chi\u1ebfu cho Ng\u00e0nh<\/th><\/tr><\/thead><tbody><tr><td>P\/E<\/td><td>Gi\u00e1 so v\u1edbi l\u1ee3i nhu\u1eadn hi\u1ec7n t\u1ea1i<\/td><td>15-25x<\/td><\/tr><tr><td>EV\/EBITDA<\/td><td>Gi\u00e1 tr\u1ecb doanh nghi\u1ec7p so v\u1edbi t\u1ea1o ti\u1ec1n m\u1eb7t<\/td><td>8-15x<\/td><\/tr><tr><td>Bi\u00ean EBITDA<\/td><td>Hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng<\/td><td>20-35%<\/td><\/tr><tr><td>R&amp;D\/Doanh thu<\/td><td>\u0110\u1ea7u t\u01b0 v\u00e0o \u0111\u1ed5i m\u1edbi<\/td><td>5-15%<\/td><\/tr><tr><td>N\u1ee3 r\u00f2ng\/EBITDA<\/td><td>\u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh<\/td><td>&lt; 2,5x<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>L\u1ee3i Th\u1ebf c\u1ee7a Pocket Option cho C\u00e1c Nh\u00e0 \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 v\u00e0 t\u00e0i nguy\u00ean c\u00f3 th\u1ec3 gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh th\u00f4ng minh h\u01a1n. N\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p quy\u1ec1n truy c\u1eadp v\u00e0o c\u00e1c ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt n\u00e2ng cao, tin t\u1ee9c theo th\u1eddi gian th\u1ef1c v\u00e0 bi\u1ec3u \u0111\u1ed3 chi ti\u1ebft cho ph\u00e9p theo d\u00f5i hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c c\u00f4ng ty trong ng\u00e0nh.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111a d\u1ea1ng h\u00f3a ngo\u00e0i c\u1ed5 phi\u1ebfu tr\u1ef1c ti\u1ebfp, Pocket Option c\u0169ng cung c\u1ea5p c\u00e1c t\u00f9y ch\u1ecdn v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh kh\u00e1c c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng c\u1ea3 \u0111\u1ec3 b\u1ea3o v\u1ec7 (hedge) v\u00e0 cho c\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u1ea1o thu nh\u1eadp tinh vi h\u01a1n. S\u1ef1 linh ho\u1ea1t n\u00e0y \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch trong m\u1ed9t ng\u00e0nh c\u00f3 th\u1ec3 c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u1ed9t ng\u1ed9t do ph\u00ea duy\u1ec7t quy \u0111\u1ecbnh ho\u1eb7c k\u1ebft qu\u1ea3 nghi\u00ean c\u1ee9u l\u00e2m s\u00e0ng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p n\u1ed9i dung gi\u00e1o d\u1ee5c chuy\u00ean bi\u1ec7t gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u r\u00f5 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, g\u00f3p ph\u1ea7n v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 th\u00f4ng minh h\u01a1n. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch v\u00e0 n\u1ed9i dung th\u00f4ng tin l\u00e0m cho Pocket Option tr\u1edf th\u00e0nh m\u1ed9t l\u1ef1a ch\u1ecdn th\u00fa v\u1ecb cho nh\u1eefng ai mu\u1ed1n kh\u00e1m ph\u00e1 c\u01a1 h\u1ed9i trong c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft Lu\u1eadn: Tri\u1ec3n V\u1ecdng cho T\u01b0\u01a1ng Lai c\u1ee7a C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m t\u1ea1i Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil mang l\u1ea1i tri\u1ec3n v\u1ecdng h\u1ee9a h\u1eb9n cho nh\u1eefng n\u0103m t\u1edbi, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u00e1c xu h\u01b0\u1edbng nh\u00e2n kh\u1ea9u h\u1ecdc thu\u1eadn l\u1ee3i, ti\u1ebfn b\u1ed9 c\u00f4ng ngh\u1ec7 v\u00e0 s\u1ef1 ti\u1ebfp c\u1eadn l\u1edbn h\u01a1n c\u1ee7a d\u00e2n s\u1ed1 v\u1edbi thu\u1ed1c v\u00e0 d\u1ecbch v\u1ee5 y t\u1ebf. C\u00e1c c\u00f4ng ty \u0111\u01b0\u1ee3c \u0111\u1ecbnh v\u1ecb t\u1ed1t trong c\u00e1c ph\u00e2n kh\u00fac c\u00f4ng ngh\u1ec7 sinh h\u1ecdc, thu\u1ed1c generic ph\u1ee9c t\u1ea1p cao v\u00e0 s\u1ee9c kh\u1ecfe k\u1ef9 thu\u1eadt s\u1ed1 c\u00f3 ti\u1ec1m n\u0103ng mang l\u1ea1i l\u1ee3i nhu\u1eadn h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea7m quan tr\u1ecdng ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a y h\u1ecdc ph\u00f2ng ng\u1eeba v\u00e0 c\u00e1 nh\u00e2n h\u00f3a, k\u1ebft h\u1ee3p v\u1edbi s\u1ef1 gi\u00e0 h\u00f3a c\u1ee7a d\u00e2n s\u1ed1 Brazil, t\u1ea1o ra m\u1ed9t m\u00f4i tr\u01b0\u1eddng thu\u1eadn l\u1ee3i cho s\u1ef1 t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u00f4ng ty c\u00f3 l\u1ee3i th\u1ebf c\u1ea1nh tranh l\u00e2u d\u00e0i v\u00e0 kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi s\u1ebd c\u00f3 th\u1ec3 h\u01b0\u1edfng l\u1ee3i t\u1eeb k\u1ecbch b\u1ea3n thu\u1eadn l\u1ee3i n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 do Pocket Option cung c\u1ea5p, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 theo d\u00f5i ch\u1eb7t ch\u1ebd s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u00e0y v\u00e0 \u0111\u1ecbnh v\u1ecb chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 n\u1eafm b\u1eaft c\u00e1c c\u01a1 h\u1ed9i t\u1ed1t nh\u1ea5t trong c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc, hi\u1ec3u bi\u1ebft v\u1ec1 xu h\u01b0\u1edbng ng\u00e0nh v\u00e0 ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c kh\u00eda c\u1ea1nh quy \u0111\u1ecbnh l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 th\u00e0nh c\u00f4ng trong ph\u00e2n kh\u00fac n\u0103ng \u0111\u1ed9ng n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Brazil.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>To\u00e0n C\u1ea3nh Hi\u1ec7n T\u1ea1i c\u1ee7a Th\u1ecb Tr\u01b0\u1eddng C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m t\u1ea1i Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil \u0111\u00e3 th\u1ec3 hi\u1ec7n s\u1ef1 ki\u00ean c\u01b0\u1eddng \u0111\u00e1ng k\u1ec3 trong nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y, ngay c\u1ea3 khi \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng kinh t\u1ebf \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1c ng\u00e0nh kh\u00e1c. N\u0103m 2025, ph\u00e2n kh\u00fac n\u00e0y ti\u1ebfp t\u1ee5c mang l\u1ea1i c\u01a1 h\u1ed9i \u0111\u00e1ng k\u1ec3 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh v\u1edbi t\u00e0i s\u1ea3n trong l\u0129nh v\u1ef1c ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe. Nhu c\u1ea7u li\u00ean t\u1ee5c v\u1ec1 thu\u1ed1c, b\u1ea5t k\u1ec3 chu k\u1ef3 kinh t\u1ebf, mang l\u1ea1i cho c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t t\u00ednh ch\u1ea5t ph\u00f2ng th\u1ee7 thu h\u00fat c\u1ea3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ea3o th\u1ee7 v\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 h\u1ed3 s\u01a1 \u0111\u1ea7u t\u01b0 t\u00edch c\u1ef1c h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec7n t\u1ea1i, ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil di chuy\u1ec3n kho\u1ea3ng 90 t\u1ef7 R$ h\u00e0ng n\u0103m, v\u1edbi d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng t\u1eeb 5% \u0111\u1ebfn 8% trong nh\u1eefng n\u0103m t\u1edbi. S\u1ef1 t\u0103ng tr\u01b0\u1edfng n\u00e0y \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 gi\u00e0 h\u00f3a c\u1ee7a d\u00e2n s\u1ed1 Brazil, m\u1edf r\u1ed9ng ti\u1ebfp c\u1eadn c\u00e1c k\u1ebf ho\u1ea1ch y t\u1ebf v\u00e0 t\u0103ng thu nh\u1eadp trung b\u00ecnh, nh\u1eefng y\u1ebfu t\u1ed1 l\u00e0m t\u0103ng ti\u00eau th\u1ee5 thu\u1ed1c v\u00e0 c\u00e1c s\u1ea3n ph\u1ea9m li\u00ean quan \u0111\u1ebfn s\u1ee9c kh\u1ecfe. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, k\u1ecbch b\u1ea3n n\u00e0y \u0111\u1ea1i di\u1ec7n cho m\u1ed9t c\u01a1 h\u1ed9i hi\u1ebfm th\u1ea5y \u1edf c\u00e1c ng\u00e0nh kh\u00e1c c\u1ee7a n\u1ec1n kinh t\u1ebf.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m \u0111\u00e3 n\u1ed5i b\u1eadt tr\u00ean B3 (Brasil, Bolsa, Balc\u00e3o) v\u00ec mang l\u1ea1i k\u1ebft qu\u1ea3 nh\u1ea5t qu\u00e1n ngay c\u1ea3 trong nh\u1eefng giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng. Trong qu\u00fd \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2025, ch\u1eb3ng h\u1ea1n, trong khi Ibovespa ghi nh\u1eadn s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft v\u1eabn duy tr\u00ec xu h\u01b0\u1edbng t\u0103ng, v\u1edbi m\u1ee9c t\u0103ng trung b\u00ecnh 12,3% &#8211; v\u01b0\u1ee3t tr\u1ed9i h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1<\/th>\n<th>Ng\u00e0nh D\u01b0\u1ee3c Ph\u1ea9m<\/th>\n<th>Ibovespa (Chung)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>T\u0103ng tr\u01b0\u1edfng Qu\u00fd 1 2025<\/td>\n<td>+12,3%<\/td>\n<td>+4,8%<\/td>\n<\/tr>\n<tr>\n<td>Bi\u1ebfn \u0111\u1ed9ng<\/td>\n<td>Th\u1ea5p\/Trung b\u00ecnh<\/td>\n<td>Cao<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 t\u1ee9c (Trung b\u00ecnh)<\/td>\n<td>4,6% p.a.<\/td>\n<td>3,2% p.a.<\/td>\n<\/tr>\n<tr>\n<td>Tri\u1ec3n v\u1ecdng 2025<\/td>\n<td>Thu\u1eadn l\u1ee3i<\/td>\n<td>Trung b\u00ecnh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c Y\u1ebfu T\u1ed1 Quy\u1ebft \u0110\u1ecbnh Th\u00e0nh C\u00f4ng trong \u0110\u1ea7u T\u01b0 C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111\u1ecbnh v\u1ecb m\u00ecnh m\u1ed9t c\u00e1ch ph\u00f9 h\u1ee3p tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u1ea7n hi\u1ec3u c\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y. Kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c ng\u00e0nh kh\u00e1c, c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m Brazil ho\u1ea1t \u0111\u1ed9ng d\u01b0\u1edbi c\u00e1c \u0111\u1ed9ng l\u1ef1c c\u1ee5 th\u1ec3 quy\u1ebft \u0111\u1ecbnh s\u1ef1 t\u0103ng tr\u01b0\u1edfng v\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a h\u1ecd.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00e1c Kh\u00eda C\u1ea1nh Quy \u0110\u1ecbnh v\u00e0 T\u00e1c \u0110\u1ed9ng c\u1ee7a Ch\u00fang<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh ch\u1eb7t ch\u1ebd b\u1edfi ANVISA (C\u01a1 quan Gi\u00e1m s\u00e1t Y t\u1ebf Qu\u1ed1c gia), \u0111i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng v\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option n\u00ean theo d\u00f5i ch\u1eb7t ch\u1ebd c\u00e1c thay \u0111\u1ed5i quy \u0111\u1ecbnh, v\u00ec ch\u00fang c\u00f3 th\u1ec3 t\u1ea1o ra c\u1ea3 r\u00e0o c\u1ea3n v\u00e0 c\u01a1 h\u1ed9i cho c\u00e1c c\u00f4ng ty trong ng\u00e0nh. Vi\u1ec7c ph\u00ea duy\u1ec7t c\u00e1c lo\u1ea1i thu\u1ed1c m\u1edbi, thay \u0111\u1ed5i trong quy t\u1eafc ti\u1ebfp th\u1ecb v\u00e0 ki\u1ec3m so\u00e1t gi\u00e1 l\u00e0 nh\u1eefng kh\u00eda c\u1ea1nh quan tr\u1ecdng c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>S\u1ef1 Ki\u1ec7n Quy \u0110\u1ecbnh<\/th>\n<th>T\u00e1c \u0110\u1ed9ng Ti\u1ec1m N\u0103ng<\/th>\n<th>C\u00f4ng Ty B\u1ecb \u1ea2nh H\u01b0\u1edfng Nhi\u1ec1u Nh\u1ea5t<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ph\u00ea duy\u1ec7t Thu\u1ed1c Generic<\/td>\n<td>C\u00f3 l\u1ee3i cho nh\u00e0 s\u1ea3n xu\u1ea5t generic; g\u00e2y \u00e1p l\u1ef1c l\u00ean bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 s\u00e1ng t\u1ea1o<\/td>\n<td>Hypera, EMS, Eurofarma<\/td>\n<\/tr>\n<tr>\n<td>Ki\u1ec3m so\u00e1t Gi\u00e1<\/td>\n<td>Gi\u1edbi h\u1ea1n ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng doanh thu<\/td>\n<td>T\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m<\/td>\n<\/tr>\n<tr>\n<td>\u01afu \u0111\u00e3i Thu\u1ebf R&amp;D<\/td>\n<td>C\u00f3 l\u1ee3i cho c\u00e1c c\u00f4ng ty c\u00f3 \u0111\u01b0\u1eddng \u1ed1ng \u0111\u1ed5i m\u1edbi m\u1ea1nh m\u1ebd<\/td>\n<td>Ach\u00e9, Crist\u00e1lia, Biolab<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u01a1n gi\u1ea3n h\u00f3a \u0110\u0103ng k\u00fd<\/td>\n<td>\u0110\u1ea9y nhanh vi\u1ec7c ra m\u1eaft; gi\u1ea3m chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng<\/td>\n<td>C\u00e1c doanh nghi\u1ec7p nh\u1ecf v\u00e0 v\u1eeba<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i ra, l\u1ecbch s\u1eed \u0111\u1ea7u t\u01b0 v\u00e0o nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n (R&amp;D) l\u00e0 r\u1ea5t quan tr\u1ecdng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 t\u00ednh b\u1ec1n v\u1eefng l\u00e2u d\u00e0i c\u1ee7a c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m. C\u00e1c c\u00f4ng ty ph\u00e2n b\u1ed5 t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m \u0111\u00e1ng k\u1ec3 doanh thu c\u1ee7a h\u1ecd cho \u0111\u1ed5i m\u1edbi c\u00f3 xu h\u01b0\u1edbng x\u00e2y d\u1ef1ng l\u1ee3i th\u1ebf c\u1ea1nh tranh l\u00e2u d\u00e0i h\u01a1n, \u0111i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh t\u00edch c\u1ef1c trong gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u1ee7a h\u1ecd trong trung v\u00e0 d\u00e0i h\u1ea1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Vai Tr\u00f2 c\u1ee7a Thu\u1ed1c Generic v\u00e0 Biosimilar<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Brazil cho thu\u1ed1c generic v\u00e0 biosimilar \u0111\u00e3 ph\u00e1t tri\u1ec3n v\u1edbi t\u1ed1c \u0111\u1ed9 nhanh ch\u00f3ng, chi\u1ebfm t\u1ef7 tr\u1ecdng ng\u00e0y c\u00e0ng l\u1edbn trong t\u1ed5ng doanh thu c\u1ee7a ng\u00e0nh. C\u00e1c c\u00f4ng ty chuy\u00ean v\u1ec1 c\u00e1c ph\u00e2n kh\u00fac n\u00e0y, nh\u01b0 Hypera Pharma (HYPE3), \u0111\u00e3 tr\u00ecnh b\u00e0y k\u1ebft qu\u1ea3 \u1ea5n t\u01b0\u1ee3ng, thu h\u00fat c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m v\u1edbi ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1 t\u1ed1t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a thu\u1ed1c generic \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 h\u1ebft h\u1ea1n c\u1ee7a b\u1eb1ng s\u00e1ng ch\u1ebf cho c\u00e1c lo\u1ea1i thu\u1ed1c tham chi\u1ebfu v\u00e0 ch\u00ednh s\u00e1ch thu\u1ed1c qu\u1ed1c gia, khuy\u1ebfn kh\u00edch thay th\u1ebf b\u1eb1ng c\u00e1c l\u1ef1a ch\u1ecdn thay th\u1ebf d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option, c\u00e1c c\u00f4ng ty \u0111\u1ecbnh v\u1ecb trong ph\u00e2n kh\u00fac n\u00e0y mang l\u1ea1i s\u1ef1 k\u1ebft h\u1ee3p th\u00fa v\u1ecb gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 \u0111\u1ed9 nh\u1ea1y c\u1ea3m th\u1ea5p h\u01a1n v\u1edbi c\u00e1c chu k\u1ef3 kinh t\u1ebf.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thu\u1ed1c generic chi\u1ebfm kho\u1ea3ng 38% th\u1ecb tr\u01b0\u1eddng d\u01b0\u1ee3c ph\u1ea9m Brazil theo kh\u1ed1i l\u01b0\u1ee3ng, v\u1edbi d\u1ef1 b\u00e1o \u0111\u1ea1t 45% v\u00e0o n\u0103m 2027<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ecb tr\u01b0\u1eddng biosimilar d\u1ef1 ki\u1ebfn s\u1ebd t\u0103ng tr\u01b0\u1edfng v\u1edbi t\u1ed1c \u0111\u1ed9 25% m\u1ed7i n\u0103m t\u1ea1i Brazil, v\u01b0\u1ee3t xa m\u1ee9c t\u0103ng tr\u01b0\u1edfng trung b\u00ecnh c\u1ee7a ng\u00e0nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c c\u00f4ng ty c\u00f3 danh m\u1ee5c \u0111a d\u1ea1ng trong thu\u1ed1c generic \u0111\u00e3 ch\u1ee9ng minh kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t h\u01a1n v\u1edbi \u00e1p l\u1ef1c gi\u00e1 v\u00e0 c\u1ea1nh tranh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ef1 d\u1ecdc h\u00f3a s\u1ea3n xu\u1ea5t th\u00e0nh ph\u1ea7n ho\u1ea1t ch\u1ea5t d\u01b0\u1ee3c ph\u1ea9m (API) mang l\u1ea1i l\u1ee3i th\u1ebf c\u1ea1nh tranh cho c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 v\u00e0o chi\u1ebfn l\u01b0\u1ee3c n\u00e0y<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m Ch\u00ednh tr\u00ean B3: Ph\u00e2n T\u00edch C\u01a1 B\u1ea3n<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil, m\u1eb7c d\u00f9 kh\u00f4ng r\u1ed9ng l\u1edbn nh\u01b0 c\u00e1c ng\u00e0nh kh\u00e1c, mang l\u1ea1i c\u01a1 h\u1ed9i h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0. Trong s\u1ed1 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft tr\u00ean B3, m\u1ed9t s\u1ed1 n\u1ed5i b\u1eadt v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc v\u00e0 tri\u1ec3n v\u1ecdng h\u1ee9a h\u1eb9n. Ph\u00e2n t\u00edch c\u01a1 b\u1ea3n c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y c\u00f3 th\u1ec3 gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option x\u00e1c \u0111\u1ecbnh c\u00e1c c\u01a1 h\u1ed9i t\u1ed1t nh\u1ea5t trong ng\u00e0nh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>C\u00f4ng ty<\/th>\n<th>M\u00e3 c\u1ed5 phi\u1ebfu<\/th>\n<th>P\/E<\/th>\n<th>L\u1ee3i su\u1ea5t c\u1ed5 t\u1ee9c<\/th>\n<th>ROE<\/th>\n<th>N\u1ee3 r\u00f2ng\/EBITDA<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Hypera Pharma<\/td>\n<td>HYPE3<\/td>\n<td>15,8<\/td>\n<td>4,2%<\/td>\n<td>18,3%<\/td>\n<td>1,7x<\/td>\n<\/tr>\n<tr>\n<td>Raia Drogasil<\/td>\n<td>RADL3<\/td>\n<td>42,3<\/td>\n<td>0,9%<\/td>\n<td>21,5%<\/td>\n<td>0,8x<\/td>\n<\/tr>\n<tr>\n<td>Pague Menos<\/td>\n<td>PGMN3<\/td>\n<td>25,6<\/td>\n<td>1,3%<\/td>\n<td>14,1%<\/td>\n<td>2,4x<\/td>\n<\/tr>\n<tr>\n<td>d1000<\/td>\n<td>DMVF3<\/td>\n<td>31,2<\/td>\n<td>1,0%<\/td>\n<td>11,8%<\/td>\n<td>1,9x<\/td>\n<\/tr>\n<tr>\n<td>Viveo<\/td>\n<td>VVEO3<\/td>\n<td>18,7<\/td>\n<td>3,5%<\/td>\n<td>15,6%<\/td>\n<td>2,2x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hypera Pharma (HYPE3) n\u1ed5i b\u1eadt l\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m ni\u00eam y\u1ebft l\u1edbn nh\u1ea5t t\u1ea1i Brazil, v\u1edbi s\u1ef1 hi\u1ec7n di\u1ec7n m\u1ea1nh m\u1ebd trong c\u00e1c ph\u00e2n kh\u00fac thu\u1ed1c kh\u00f4ng k\u00ea \u0111\u01a1n (OTC) v\u00e0 thu\u1ed1c generic. V\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 h\u1ea5p d\u1eabn v\u00e0 c\u1ed5 t\u1ee9c nh\u1ea5t qu\u00e1n, n\u00f3 \u0111\u1ea1i di\u1ec7n cho m\u1ed9t l\u1ef1a ch\u1ecdn th\u00fa v\u1ecb cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1edbi h\u1ed3 s\u01a1 ph\u00f2ng th\u1ee7 v\u00e0 kh\u1ea3 n\u0103ng t\u1ea1o ti\u1ec1n m\u1eb7t t\u1ed1t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Raia Drogasil (RADL3), m\u1eb7c d\u00f9 ho\u1ea1t \u0111\u1ed9ng trong b\u00e1n l\u1ebb d\u01b0\u1ee3c ph\u1ea9m v\u00e0 kh\u00f4ng s\u1ea3n xu\u1ea5t thu\u1ed1c, th\u01b0\u1eddng \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o c\u00e1c ph\u00e2n t\u00edch v\u1ec1 c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m do m\u1ed1i t\u01b0\u01a1ng quan m\u1ea1nh m\u1ebd v\u1edbi ng\u00e0nh. C\u00f4ng ty \u0111\u00e3 tr\u00ecnh b\u00e0y s\u1ef1 t\u0103ng tr\u01b0\u1edfng nhanh ch\u00f3ng th\u00f4ng qua m\u1edf r\u1ed9ng h\u1eefu c\u01a1 v\u00e0 c\u00e1c v\u1ee5 mua l\u1ea1i chi\u1ebfn l\u01b0\u1ee3c, v\u1edbi tr\u1ecdng t\u00e2m l\u00e0 s\u1ed1 h\u00f3a v\u00e0 t\u0103ng c\u01b0\u1eddng th\u00e2m nh\u1eadp v\u00e0o c\u00e1c khu v\u1ef1c c\u00f3 s\u1ef1 hi\u1ec7n di\u1ec7n th\u1ea5p h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Xu H\u01b0\u1edbng N\u1ed5i B\u1eadt trong Ng\u00e0nh D\u01b0\u1ee3c Ph\u1ea9m Brazil: H\u01b0\u1edbng \u0110\u1ea7u T\u01b0 \u0110ang \u0110i \u0110\u00e2u<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil \u0111ang tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 s\u1ebd \u0111\u1ecbnh h\u00ecnh t\u01b0\u01a1ng lai c\u1ee7a c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. Nh\u1eadn di\u1ec7n nh\u1eefng xu h\u01b0\u1edbng n\u00e0y c\u00f3 th\u1ec3 quy\u1ebft \u0111\u1ecbnh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Pocket Option mu\u1ed1n \u0111\u1ecbnh v\u1ecb m\u00ecnh s\u1edbm trong c\u00e1c ph\u00e2n kh\u00fac h\u1ee9a h\u1eb9n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y t\u1ebf t\u1eeb xa v\u00e0 s\u1ee9c kh\u1ecfe k\u1ef9 thu\u1eadt s\u1ed1: c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m \u0111ang \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c n\u1ec1n t\u1ea3ng ch\u0103m s\u00f3c t\u1eeb xa v\u00e0 gi\u00e1m s\u00e1t b\u1ec7nh nh\u00e2n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Y h\u1ecdc c\u00e1 nh\u00e2n h\u00f3a: ph\u00e1t tri\u1ec3n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111i\u1ec1u tr\u1ecb d\u1ef1a tr\u00ean \u0111\u1eb7c \u0111i\u1ec3m di truy\u1ec1n c\u1ee5 th\u1ec3 c\u1ee7a b\u1ec7nh nh\u00e2n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ed1 h\u00f3a chu\u1ed7i cung \u1ee9ng: tri\u1ec3n khai c\u00f4ng ngh\u1ec7 \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a logistics v\u00e0 truy xu\u1ea5t ngu\u1ed3n g\u1ed1c thu\u1ed1c ho\u00e0n ch\u1ec9nh<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf r\u1ed9ng qu\u1ed1c t\u1ebf: c\u00e1c c\u00f4ng ty Brazil t\u00ecm ki\u1ebfm th\u1ecb tr\u01b0\u1eddng M\u1ef9 Latinh \u0111\u1ec3 t\u0103ng tr\u01b0\u1edfng th\u00eam<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u00e1p nh\u1eadp v\u00e0 mua l\u1ea1i: h\u1ee3p nh\u1ea5t ng\u00e0nh v\u1edbi c\u00e1c c\u00f4ng ty l\u1edbn mua l\u1ea1i c\u00e1c ph\u00f2ng th\u00ed nghi\u1ec7m nh\u1ecf v\u00e0 chuy\u00ean bi\u1ec7t<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Xu H\u01b0\u1edbng<\/th>\n<th>T\u00e1c \u0110\u1ed9ng D\u1ef1 Ki\u1ebfn<\/th>\n<th>C\u00f4ng Ty \u0110\u01b0\u1ee3c \u0110\u1ecbnh V\u1ecb T\u1ed1t<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>S\u1ee9c kh\u1ecfe K\u1ef9 thu\u1eadt s\u1ed1<\/td>\n<td>Cao<\/td>\n<td>Hypera, Fleury, Raia Drogasil<\/td>\n<\/tr>\n<tr>\n<td>C\u00f4ng ngh\u1ec7 Sinh h\u1ecdc<\/td>\n<td>Cao\/Trung b\u00ecnh<\/td>\n<td>Crist\u00e1lia, Biolab, Ach\u00e9<\/td>\n<\/tr>\n<tr>\n<td>B\u1ec1n v\u1eefng<\/td>\n<td>Trung b\u00ecnh<\/td>\n<td>EMS, Eurofarma, Hypera<\/td>\n<\/tr>\n<tr>\n<td>H\u1ee3p nh\u1ea5t Th\u1ecb tr\u01b0\u1eddng<\/td>\n<td>Cao<\/td>\n<td>Hypera, Raia Drogasil, Pague Menos<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Chuy\u1ec3n \u0111\u1ed5i k\u1ef9 thu\u1eadt s\u1ed1 l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ed9ng l\u1ef1c ch\u00ednh c\u1ee7a s\u1ef1 thay \u0111\u1ed5i trong ng\u00e0nh. C\u00e1c c\u00f4ng ty \u0111ang \u0111\u1ea7u t\u01b0 v\u00e0o th\u01b0\u01a1ng m\u1ea1i \u0111i\u1ec7n t\u1eed, \u1ee9ng d\u1ee5ng tu\u00e2n th\u1ee7 \u0111i\u1ec1u tr\u1ecb v\u00e0 c\u00e1c n\u1ec1n t\u1ea3ng quan h\u1ec7 v\u1edbi b\u00e1c s\u0129 v\u00e0 b\u1ec7nh nh\u00e2n \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111\u00e1ng k\u1ec3. Raia Drogasil, ch\u1eb3ng h\u1ea1n, \u0111\u00e3 nhanh ch\u00f3ng m\u1edf r\u1ed9ng k\u00eanh k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a m\u00ecnh, hi\u1ec7n chi\u1ebfm h\u01a1n 12% t\u1ed5ng doanh thu c\u1ee7a c\u00f4ng ty.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>C\u00f4ng ngh\u1ec7 Sinh h\u1ecdc v\u00e0 \u0110\u1ed5i m\u1edbi: T\u01b0\u01a1ng Lai c\u1ee7a Ng\u00e0nh<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00f4ng ngh\u1ec7 sinh h\u1ecdc \u0111\u1ea1i di\u1ec7n cho m\u1ed9t bi\u00ean gi\u1edbi \u0111\u1ea7y h\u1ee9a h\u1eb9n cho c\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng nghi\u1ec7p d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil. C\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 v\u00e0o nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n c\u00e1c lo\u1ea1i thu\u1ed1c sinh h\u1ecdc, nh\u01b0 kh\u00e1ng th\u1ec3 \u0111\u01a1n d\u00f2ng v\u00e0 li\u1ec7u ph\u00e1p gen, c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng \u1ea5n t\u01b0\u1ee3ng trong nh\u1eefng n\u0103m t\u1edbi. M\u1eb7c d\u00f9 Brazil v\u1eabn \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u trong ph\u00e2n kh\u00fac n\u00e0y so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng tr\u01b0\u1edfng th\u00e0nh h\u01a1n, c\u00e1c s\u00e1ng ki\u1ebfn quan tr\u1ecdng \u0111ang b\u1eaft \u0111\u1ea7u c\u00f3 \u0111\u1ed9ng l\u1ef1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a biosimilar, c\u00e1c phi\u00ean b\u1ea3n d\u1ec5 ti\u1ebfp c\u1eadn h\u01a1n c\u1ee7a c\u00e1c lo\u1ea1i thu\u1ed1c sinh h\u1ecdc tham chi\u1ebfu, \u0111\u1ea1i di\u1ec7n cho m\u1ed9t c\u01a1 h\u1ed9i \u0111\u1eb7c bi\u1ec7t th\u00fa v\u1ecb cho c\u00e1c c\u00f4ng ty Brazil. S\u1ef1 h\u1ebft h\u1ea1n c\u1ee7a b\u1eb1ng s\u00e1ng ch\u1ebf cho nhi\u1ec1u lo\u1ea1i thu\u1ed1c sinh h\u1ecdc c\u00f3 gi\u00e1 tr\u1ecb cao m\u1edf ra kh\u00f4ng gian cho c\u00e1c ph\u00f2ng th\u00ed nghi\u1ec7m qu\u1ed1c gia \u0111\u00e3 l\u00e0m ch\u1ee7 c\u00e1c c\u00f4ng ngh\u1ec7 li\u00ean quan.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea7u t\u01b0 R&amp;D trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil \u0111\u1ea1t 3,2 t\u1ef7 R$ v\u00e0o n\u0103m 2024, t\u0103ng tr\u01b0\u1edfng 15% so v\u1edbi n\u0103m tr\u01b0\u1edbc<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quan h\u1ec7 \u0111\u1ed1i t\u00e1c gi\u1eefa c\u00e1c tr\u01b0\u1eddng \u0111\u1ea1i h\u1ecdc v\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m t\u0103ng 30% trong ba n\u0103m qua<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ed1 l\u01b0\u1ee3ng b\u1eb1ng s\u00e1ng ch\u1ebf d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0\u1ee3c n\u1ed9p b\u1edfi c\u00e1c c\u00f4ng ty Brazil t\u0103ng 22% v\u00e0o n\u0103m 2024<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m cho C\u00e1c H\u1ed3 S\u01a1 Kh\u00e1c Nhau<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u00f2i h\u1ecfi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c th\u00edch \u1ee9ng v\u1edbi h\u1ed3 s\u01a1 r\u1ee7i ro v\u00e0 m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh c\u1ee7a t\u1eebng nh\u00e0 \u0111\u1ea7u t\u01b0. Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 ph\u00e1t tri\u1ec3n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y, cho ph\u00e9p c\u1ea3 ho\u1ea1t \u0111\u1ed9ng ng\u1eafn h\u1ea1n v\u00e0 \u0111\u1ecbnh v\u1ecb cho c\u00e1c ch\u00e2n tr\u1eddi d\u00e0i h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>H\u1ed3 S\u01a1 Nh\u00e0 \u0110\u1ea7u T\u01b0<\/th>\n<th>Chi\u1ebfn L\u01b0\u1ee3c \u0110\u1ec1 Xu\u1ea5t<\/th>\n<th>C\u1ed5 Phi\u1ebfu \u0110\u1ec1 Xu\u1ea5t<\/th>\n<th>Th\u1eddi Gian<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>B\u1ea3o th\u1ee7<\/td>\n<td>C\u1ed5 t\u1ee9c v\u00e0 c\u00f4ng ty \u0111\u00e3 th\u00e0nh l\u1eadp<\/td>\n<td>HYPE3, RADL3<\/td>\n<td>D\u00e0i h\u1ea1n (3+ n\u0103m)<\/td>\n<\/tr>\n<tr>\n<td>Trung b\u00ecnh<\/td>\n<td>K\u1ebft h\u1ee3p gi\u1eefa t\u0103ng tr\u01b0\u1edfng v\u00e0 c\u1ed5 t\u1ee9c<\/td>\n<td>HYPE3, PGMN3, VVEO3<\/td>\n<td>Trung-d\u00e0i h\u1ea1n (2-5 n\u0103m)<\/td>\n<\/tr>\n<tr>\n<td>T\u00edch c\u1ef1c<\/td>\n<td>C\u00f4ng ty \u0111ang m\u1edf r\u1ed9ng v\u00e0 v\u1ed1n h\u00f3a nh\u1ecf<\/td>\n<td>DMVF3, PGMN3, c\u00f4ng ty tr\u01b0\u1edbc IPO<\/td>\n<td>Trung h\u1ea1n (1-3 n\u0103m)<\/td>\n<\/tr>\n<tr>\n<td>Giao d\u1ecbch vi\u00ean<\/td>\n<td>Ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn thu\u1eadt d\u1ef1a tr\u00ean ch\u1ea5t x\u00fac t\u00e1c<\/td>\n<td>T\u1ea5t c\u1ea3, theo c\u01a1 h\u1ed9i k\u1ef9 thu\u1eadt<\/td>\n<td>Ng\u1eafn h\u1ea1n (ng\u00e0y \u0111\u1ebfn th\u00e1ng)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 h\u1ed3 s\u01a1 b\u1ea3o th\u1ee7 h\u01a1n, c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m v\u1edbi l\u1ecbch s\u1eed thanh to\u00e1n c\u1ed5 t\u1ee9c nh\u1ea5t qu\u00e1n, nh\u01b0 Hypera Pharma, c\u00f3 th\u1ec3 ph\u00f9 h\u1ee3p h\u01a1n. C\u00e1c c\u00f4ng ty n\u00e0y th\u01b0\u1eddng c\u00f3 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p h\u01a1n v\u00e0 cung c\u1ea5p thu nh\u1eadp th\u1ee5 \u0111\u1ed9ng th\u00f4ng qua thanh to\u00e1n c\u1ed5 t\u1ee9c, ngo\u00e0i ti\u1ec1m n\u0103ng t\u0103ng gi\u00e1.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 h\u1ed3 s\u01a1 trung b\u00ecnh c\u00f3 th\u1ec3 ch\u1ecdn m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c c\u00e2n b\u1eb1ng, k\u1ebft h\u1ee3p c\u00e1c c\u00f4ng ty \u0111\u00e3 th\u00e0nh l\u1eadp v\u1edbi c\u00e1c c\u00f4ng ty kh\u00e1c \u0111ang trong giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng nhanh ch\u00f3ng. C\u0169ng n\u00ean \u0111a d\u1ea1ng h\u00f3a gi\u1eefa c\u00e1c ph\u00e2n kh\u00fac kh\u00e1c nhau c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, bao g\u1ed3m nh\u00e0 s\u1ea3n xu\u1ea5t thu\u1ed1c, nh\u00e0 ph\u00e2n ph\u1ed1i v\u00e0 chu\u1ed7i nh\u00e0 thu\u1ed1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1ch Ph\u00e2n T\u00edch C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m: C\u00e1c Ch\u1ec9 S\u1ed1 Ch\u00ednh<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 kh\u00e1c bi\u1ec7t so v\u1edbi c\u00e1c ng\u00e0nh kh\u00e1c. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng Pocket Option l\u00e0m n\u1ec1n t\u1ea3ng giao d\u1ecbch n\u00ean ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 gi\u00fap \u0111\u00e1nh gi\u00e1 ti\u1ec1m n\u0103ng v\u00e0 r\u1ee7i ro c\u1ee7a c\u00e1c t\u00e0i s\u1ea3n n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00f2ng s\u1ea3n ph\u1ea9m m\u1edbi: s\u1ed1 l\u01b0\u1ee3ng v\u00e0 ti\u1ec1m n\u0103ng th\u01b0\u01a1ng m\u1ea1i c\u1ee7a c\u00e1c lo\u1ea1i thu\u1ed1c \u0111ang ph\u00e1t tri\u1ec3n<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c: ph\u00e2n ph\u1ed1i doanh thu gi\u1eefa c\u00e1c l\u1edbp tr\u1ecb li\u1ec7u kh\u00e1c nhau<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Bi\u00ean EBITDA: kh\u1ea3 n\u0103ng t\u1ea1o ti\u1ec1n m\u1eb7t ho\u1ea1t \u0111\u1ed9ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>\u0110\u1ea7u t\u01b0 R&amp;D nh\u01b0 ph\u1ea7n tr\u0103m doanh thu: ch\u1ec9 s\u1ed1 ti\u1ec1m n\u0103ng \u0111\u1ed5i m\u1edbi trong t\u01b0\u01a1ng lai<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ti\u1ebfp x\u00fac v\u1edbi thu\u1ed1c \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh: ph\u1ea7n tr\u0103m doanh thu ch\u1ecbu ki\u1ec3m so\u00e1t gi\u00e1<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i c\u00e1c ch\u1ec9 s\u1ed1 truy\u1ec1n th\u1ed1ng nh\u01b0 P\/E (Gi\u00e1\/L\u1ee3i nhu\u1eadn) v\u00e0 ROE (L\u1ee3i nhu\u1eadn tr\u00ean V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu), nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ph\u00e2n t\u00edch c\u00e1c ch\u1ec9 s\u1ed1 c\u1ee5 th\u1ec3 nh\u01b0 t\u0103ng tr\u01b0\u1edfng h\u1eefu c\u01a1 c\u1ee7a \u0111\u01a1n v\u1ecb b\u00e1n, lo\u1ea1i b\u1ecf c\u00e1c t\u00e1c \u0111\u1ed9ng c\u1ee7a t\u0103ng gi\u00e1 v\u00e0 mua l\u1ea1i. Ch\u1ec9 s\u1ed1 n\u00e0y cung c\u1ea5p c\u00e1i nh\u00ecn r\u00f5 r\u00e0ng h\u01a1n v\u1ec1 s\u1ef1 m\u1edf r\u1ed9ng th\u1ef1c s\u1ef1 c\u1ee7a c\u00f4ng ty tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1<\/th>\n<th>\u0110\u00e1nh gi\u00e1 \u0110i\u1ec1u g\u00ec<\/th>\n<th>Tham chi\u1ebfu cho Ng\u00e0nh<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>P\/E<\/td>\n<td>Gi\u00e1 so v\u1edbi l\u1ee3i nhu\u1eadn hi\u1ec7n t\u1ea1i<\/td>\n<td>15-25x<\/td>\n<\/tr>\n<tr>\n<td>EV\/EBITDA<\/td>\n<td>Gi\u00e1 tr\u1ecb doanh nghi\u1ec7p so v\u1edbi t\u1ea1o ti\u1ec1n m\u1eb7t<\/td>\n<td>8-15x<\/td>\n<\/tr>\n<tr>\n<td>Bi\u00ean EBITDA<\/td>\n<td>Hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng<\/td>\n<td>20-35%<\/td>\n<\/tr>\n<tr>\n<td>R&amp;D\/Doanh thu<\/td>\n<td>\u0110\u1ea7u t\u01b0 v\u00e0o \u0111\u1ed5i m\u1edbi<\/td>\n<td>5-15%<\/td>\n<\/tr>\n<tr>\n<td>N\u1ee3 r\u00f2ng\/EBITDA<\/td>\n<td>\u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh<\/td>\n<td>&lt; 2,5x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>L\u1ee3i Th\u1ebf c\u1ee7a Pocket Option cho C\u00e1c Nh\u00e0 \u0110\u1ea7u T\u01b0 v\u00e0o C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Pocket Option cung c\u1ea5p nhi\u1ec1u c\u00f4ng c\u1ee5 v\u00e0 t\u00e0i nguy\u00ean c\u00f3 th\u1ec3 gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m \u0111\u1ebfn c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh th\u00f4ng minh h\u01a1n. N\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p quy\u1ec1n truy c\u1eadp v\u00e0o c\u00e1c ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt n\u00e2ng cao, tin t\u1ee9c theo th\u1eddi gian th\u1ef1c v\u00e0 bi\u1ec3u \u0111\u1ed3 chi ti\u1ebft cho ph\u00e9p theo d\u00f5i hi\u1ec7u su\u1ea5t c\u1ee7a c\u00e1c c\u00f4ng ty trong ng\u00e0nh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n \u0111a d\u1ea1ng h\u00f3a ngo\u00e0i c\u1ed5 phi\u1ebfu tr\u1ef1c ti\u1ebfp, Pocket Option c\u0169ng cung c\u1ea5p c\u00e1c t\u00f9y ch\u1ecdn v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh kh\u00e1c c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng c\u1ea3 \u0111\u1ec3 b\u1ea3o v\u1ec7 (hedge) v\u00e0 cho c\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u1ea1o thu nh\u1eadp tinh vi h\u01a1n. S\u1ef1 linh ho\u1ea1t n\u00e0y \u0111\u1eb7c bi\u1ec7t h\u1eefu \u00edch trong m\u1ed9t ng\u00e0nh c\u00f3 th\u1ec3 c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u1ed9t ng\u1ed9t do ph\u00ea duy\u1ec7t quy \u0111\u1ecbnh ho\u1eb7c k\u1ebft qu\u1ea3 nghi\u00ean c\u1ee9u l\u00e2m s\u00e0ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i ra, n\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p n\u1ed9i dung gi\u00e1o d\u1ee5c chuy\u00ean bi\u1ec7t gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u r\u00f5 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, g\u00f3p ph\u1ea7n v\u00e0o c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 th\u00f4ng minh h\u01a1n. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch v\u00e0 n\u1ed9i dung th\u00f4ng tin l\u00e0m cho Pocket Option tr\u1edf th\u00e0nh m\u1ed9t l\u1ef1a ch\u1ecdn th\u00fa v\u1ecb cho nh\u1eefng ai mu\u1ed1n kh\u00e1m ph\u00e1 c\u01a1 h\u1ed9i trong c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft Lu\u1eadn: Tri\u1ec3n V\u1ecdng cho T\u01b0\u01a1ng Lai c\u1ee7a C\u1ed5 Phi\u1ebfu D\u01b0\u1ee3c Ph\u1ea9m t\u1ea1i Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m t\u1ea1i Brazil mang l\u1ea1i tri\u1ec3n v\u1ecdng h\u1ee9a h\u1eb9n cho nh\u1eefng n\u0103m t\u1edbi, \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u00e1c xu h\u01b0\u1edbng nh\u00e2n kh\u1ea9u h\u1ecdc thu\u1eadn l\u1ee3i, ti\u1ebfn b\u1ed9 c\u00f4ng ngh\u1ec7 v\u00e0 s\u1ef1 ti\u1ebfp c\u1eadn l\u1edbn h\u01a1n c\u1ee7a d\u00e2n s\u1ed1 v\u1edbi thu\u1ed1c v\u00e0 d\u1ecbch v\u1ee5 y t\u1ebf. C\u00e1c c\u00f4ng ty \u0111\u01b0\u1ee3c \u0111\u1ecbnh v\u1ecb t\u1ed1t trong c\u00e1c ph\u00e2n kh\u00fac c\u00f4ng ngh\u1ec7 sinh h\u1ecdc, thu\u1ed1c generic ph\u1ee9c t\u1ea1p cao v\u00e0 s\u1ee9c kh\u1ecfe k\u1ef9 thu\u1eadt s\u1ed1 c\u00f3 ti\u1ec1m n\u0103ng mang l\u1ea1i l\u1ee3i nhu\u1eadn h\u1ea5p d\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea7m quan tr\u1ecdng ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a y h\u1ecdc ph\u00f2ng ng\u1eeba v\u00e0 c\u00e1 nh\u00e2n h\u00f3a, k\u1ebft h\u1ee3p v\u1edbi s\u1ef1 gi\u00e0 h\u00f3a c\u1ee7a d\u00e2n s\u1ed1 Brazil, t\u1ea1o ra m\u1ed9t m\u00f4i tr\u01b0\u1eddng thu\u1eadn l\u1ee3i cho s\u1ef1 t\u0103ng tr\u01b0\u1edfng b\u1ec1n v\u1eefng c\u1ee7a ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m trong n\u01b0\u1edbc. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh c\u00e1c c\u00f4ng ty c\u00f3 l\u1ee3i th\u1ebf c\u1ea1nh tranh l\u00e2u d\u00e0i v\u00e0 kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi s\u1ebd c\u00f3 th\u1ec3 h\u01b0\u1edfng l\u1ee3i t\u1eeb k\u1ecbch b\u1ea3n thu\u1eadn l\u1ee3i n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 do Pocket Option cung c\u1ea5p, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 theo d\u00f5i ch\u1eb7t ch\u1ebd s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u00e0y v\u00e0 \u0111\u1ecbnh v\u1ecb chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 n\u1eafm b\u1eaft c\u00e1c c\u01a1 h\u1ed9i t\u1ed1t nh\u1ea5t trong c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m. S\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa ph\u00e2n t\u00edch c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc, hi\u1ec3u bi\u1ebft v\u1ec1 xu h\u01b0\u1edbng ng\u00e0nh v\u00e0 ch\u00fa \u00fd \u0111\u1ebfn c\u00e1c kh\u00eda c\u1ea1nh quy \u0111\u1ecbnh l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 th\u00e0nh c\u00f4ng trong ph\u00e2n kh\u00fac n\u0103ng \u0111\u1ed9ng n\u00e0y c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Brazil.<\/p>\n<\/div>\n"},"faq":[{"question":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u00e0 g\u00ec v\u00e0 t\u1ea1i sao ch\u00fang \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7?","answer":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u00e0 c\u00e1c c\u1ed5 ph\u1ea7n s\u1edf h\u1eefu trong c\u00e1c c\u00f4ng ty ho\u1ea1t \u0111\u1ed9ng trong l\u0129nh v\u1ef1c thu\u1ed1c, c\u00f4ng ngh\u1ec7 sinh h\u1ecdc v\u00e0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe n\u00f3i chung. Ch\u00fang \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7 v\u00ec nhu c\u1ea7u v\u1ec1 thu\u1ed1c c\u00f3 xu h\u01b0\u1edbng duy tr\u00ec \u1ed5n \u0111\u1ecbnh ngay c\u1ea3 trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng kinh t\u1ebf, v\u00ec m\u1ecdi ng\u01b0\u1eddi v\u1eabn c\u1ea7n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111i\u1ec1u tr\u1ecb y t\u1ebf b\u1ea5t k\u1ec3 t\u00ecnh h\u00ecnh kinh t\u1ebf. \u0110i\u1ec1u n\u00e0y cung c\u1ea5p kh\u1ea3 n\u0103ng d\u1ef1 \u0111o\u00e1n doanh thu v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh cao h\u01a1n trong k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y."},{"question":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean B3 l\u00e0 g\u00ec?","answer":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean B3 bao g\u1ed3m Hypera Pharma (HYPE3), l\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u1edbn nh\u1ea5t c\u1ee7a Brazil \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft c\u00f4ng khai, c\u0169ng nh\u01b0 c\u00e1c c\u00f4ng ty b\u00e1n l\u1ebb d\u01b0\u1ee3c ph\u1ea9m nh\u01b0 Raia Drogasil (RADL3), Pague Menos (PGMN3), v\u00e0 d1000 (DMVF3). C\u0169ng c\u00f3 Viveo (VVEO3), ho\u1ea1t \u0111\u1ed9ng trong ph\u00e2n ph\u1ed1i c\u00e1c s\u1ea3n ph\u1ea9m y t\u1ebf-b\u1ec7nh vi\u1ec7n. M\u1eb7c d\u00f9 c\u00e1c c\u00f4ng ty nh\u01b0 Fleury (FLRY3) v\u00e0 Hermes Pardini (PARD3) thu\u1ed9c l\u0129nh v\u1ef1c ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe, nh\u01b0ng ch\u00fang \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i l\u00e0 ch\u1ea9n \u0111o\u00e1n y t\u1ebf, kh\u00f4ng ph\u1ea3i d\u01b0\u1ee3c ph\u1ea9m thu\u1ea7n t\u00fay."},{"question":"Quy \u0111\u1ecbnh c\u1ee7a ANVISA \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m?","answer":"ANVISA (C\u01a1 quan Gi\u00e1m s\u00e1t Y t\u1ebf Qu\u1ed1c gia) c\u00f3 \u1ea3nh h\u01b0\u1edfng m\u1ea1nh m\u1ebd \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil th\u00f4ng qua c\u00e1c quy \u0111\u1ecbnh c\u1ee7a m\u00ecnh. Vi\u1ec7c ph\u00ea duy\u1ec7t c\u00e1c lo\u1ea1i thu\u1ed1c m\u1edbi, ki\u1ec3m so\u00e1t gi\u00e1, \u0111\u1eb7c bi\u1ec7t th\u00f4ng qua CMED (Ph\u00f2ng \u0110i\u1ec1u ti\u1ebft Th\u1ecb tr\u01b0\u1eddng Thu\u1ed1c), v\u00e0 c\u00e1c y\u00eau c\u1ea7u v\u1ec1 s\u1ea3n xu\u1ea5t v\u00e0 th\u01b0\u01a1ng m\u1ea1i h\u00f3a c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean theo d\u00f5i c\u00e1c thay \u0111\u1ed5i v\u1ec1 quy \u0111\u1ecbnh, v\u00ec ch\u00fang c\u00f3 th\u1ec3 t\u1ea1o ra c\u1ea3 r\u00e0o c\u1ea3n (t\u0103ng chi ph\u00ed v\u00e0 th\u1eddi gian) v\u00e0 c\u01a1 h\u1ed9i (nh\u01b0 c\u00e1c \u01b0u \u0111\u00e3i cho m\u1ed9t s\u1ed1 lo\u1ea1i thu\u1ed1c nh\u1ea5t \u0111\u1ecbnh ho\u1eb7c \u0111\u01a1n gi\u1ea3n h\u00f3a quy tr\u00ecnh)."},{"question":"Vai tr\u00f2 c\u1ee7a nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u00e0 g\u00ec?","answer":"Nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n (R&D) l\u00e0 n\u1ec1n t\u1ea3ng cho c\u00e1c c\u00f4ng ty trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, v\u00ec n\u00f3 quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng c\u1ee7a h\u1ecd trong vi\u1ec7c ra m\u1eaft s\u1ea3n ph\u1ea9m m\u1edbi, c\u1ea3i thi\u1ec7n c\u00e1c lo\u1ea1i thu\u1ed1c hi\u1ec7n c\u00f3 v\u00e0 duy tr\u00ec t\u00ednh c\u1ea1nh tranh. C\u00e1c c\u00f4ng ty li\u00ean t\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0o R&D th\u01b0\u1eddng x\u00e2y d\u1ef1ng \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng h\u01a1n v\u00e0 \u00edt ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c lo\u1ea1i thu\u1ed1c c\u00f3 b\u1eb1ng s\u00e1ng ch\u1ebf s\u1eafp h\u1ebft h\u1ea1n. Trong ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, t\u1ef7 l\u1ec7 doanh thu d\u00e0nh cho R&D l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1 quan tr\u1ecdng v\u1ec1 ti\u1ec1m n\u0103ng \u0111\u1ed5i m\u1edbi v\u00e0 t\u0103ng tr\u01b0\u1edfng trong t\u01b0\u01a1ng lai c\u1ee7a c\u00f4ng ty."},{"question":"C\u00e1ch s\u1eed d\u1ee5ng Pocket Option \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil?","answer":"Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3. \u0110\u1ec3 l\u00e0m \u0111i\u1ec1u n\u00e0y, tr\u01b0\u1edbc ti\u00ean b\u1ea1n ph\u1ea3i t\u1ea1o m\u1ed9t t\u00e0i kho\u1ea3n tr\u00ean n\u1ec1n t\u1ea3ng v\u00e0 th\u1ef1c hi\u1ec7n m\u1ed9t kho\u1ea3n ti\u1ec1n g\u1eedi ban \u0111\u1ea7u. Sau \u0111\u00f3, s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n c\u00f3 s\u1eb5n \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u01a1 h\u1ed9i trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m. N\u1ec1n t\u1ea3ng c\u0169ng cung c\u1ea5p c\u00e1c bi\u1ec3u \u0111\u1ed3 n\u00e2ng cao, ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt v\u00e0 c\u1ea3nh b\u00e1o gi\u00e1 c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0. Ngo\u00e0i ra, Pocket Option cung c\u1ea5p n\u1ed9i dung gi\u00e1o d\u1ee5c c\u1ee5 th\u1ec3 v\u1ec1 ng\u00e0nh, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u00e0 g\u00ec v\u00e0 t\u1ea1i sao ch\u00fang \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7?","answer":"C\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m l\u00e0 c\u00e1c c\u1ed5 ph\u1ea7n s\u1edf h\u1eefu trong c\u00e1c c\u00f4ng ty ho\u1ea1t \u0111\u1ed9ng trong l\u0129nh v\u1ef1c thu\u1ed1c, c\u00f4ng ngh\u1ec7 sinh h\u1ecdc v\u00e0 ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe n\u00f3i chung. Ch\u00fang \u0111\u01b0\u1ee3c coi l\u00e0 ph\u00f2ng th\u1ee7 v\u00ec nhu c\u1ea7u v\u1ec1 thu\u1ed1c c\u00f3 xu h\u01b0\u1edbng duy tr\u00ec \u1ed5n \u0111\u1ecbnh ngay c\u1ea3 trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng kinh t\u1ebf, v\u00ec m\u1ecdi ng\u01b0\u1eddi v\u1eabn c\u1ea7n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p \u0111i\u1ec1u tr\u1ecb y t\u1ebf b\u1ea5t k\u1ec3 t\u00ecnh h\u00ecnh kinh t\u1ebf. \u0110i\u1ec1u n\u00e0y cung c\u1ea5p kh\u1ea3 n\u0103ng d\u1ef1 \u0111o\u00e1n doanh thu v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh cao h\u01a1n trong k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty n\u00e0y."},{"question":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean B3 l\u00e0 g\u00ec?","answer":"C\u00e1c c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m ch\u00ednh \u0111\u01b0\u1ee3c giao d\u1ecbch tr\u00ean B3 bao g\u1ed3m Hypera Pharma (HYPE3), l\u00e0 c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u1edbn nh\u1ea5t c\u1ee7a Brazil \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft c\u00f4ng khai, c\u0169ng nh\u01b0 c\u00e1c c\u00f4ng ty b\u00e1n l\u1ebb d\u01b0\u1ee3c ph\u1ea9m nh\u01b0 Raia Drogasil (RADL3), Pague Menos (PGMN3), v\u00e0 d1000 (DMVF3). C\u0169ng c\u00f3 Viveo (VVEO3), ho\u1ea1t \u0111\u1ed9ng trong ph\u00e2n ph\u1ed1i c\u00e1c s\u1ea3n ph\u1ea9m y t\u1ebf-b\u1ec7nh vi\u1ec7n. M\u1eb7c d\u00f9 c\u00e1c c\u00f4ng ty nh\u01b0 Fleury (FLRY3) v\u00e0 Hermes Pardini (PARD3) thu\u1ed9c l\u0129nh v\u1ef1c ch\u0103m s\u00f3c s\u1ee9c kh\u1ecfe, nh\u01b0ng ch\u00fang \u0111\u01b0\u1ee3c ph\u00e2n lo\u1ea1i l\u00e0 ch\u1ea9n \u0111o\u00e1n y t\u1ebf, kh\u00f4ng ph\u1ea3i d\u01b0\u1ee3c ph\u1ea9m thu\u1ea7n t\u00fay."},{"question":"Quy \u0111\u1ecbnh c\u1ee7a ANVISA \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m?","answer":"ANVISA (C\u01a1 quan Gi\u00e1m s\u00e1t Y t\u1ebf Qu\u1ed1c gia) c\u00f3 \u1ea3nh h\u01b0\u1edfng m\u1ea1nh m\u1ebd \u0111\u1ebfn ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m Brazil th\u00f4ng qua c\u00e1c quy \u0111\u1ecbnh c\u1ee7a m\u00ecnh. Vi\u1ec7c ph\u00ea duy\u1ec7t c\u00e1c lo\u1ea1i thu\u1ed1c m\u1edbi, ki\u1ec3m so\u00e1t gi\u00e1, \u0111\u1eb7c bi\u1ec7t th\u00f4ng qua CMED (Ph\u00f2ng \u0110i\u1ec1u ti\u1ebft Th\u1ecb tr\u01b0\u1eddng Thu\u1ed1c), v\u00e0 c\u00e1c y\u00eau c\u1ea7u v\u1ec1 s\u1ea3n xu\u1ea5t v\u00e0 th\u01b0\u01a1ng m\u1ea1i h\u00f3a c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 \u0111\u1ebfn k\u1ebft qu\u1ea3 c\u1ee7a c\u00e1c c\u00f4ng ty. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean theo d\u00f5i c\u00e1c thay \u0111\u1ed5i v\u1ec1 quy \u0111\u1ecbnh, v\u00ec ch\u00fang c\u00f3 th\u1ec3 t\u1ea1o ra c\u1ea3 r\u00e0o c\u1ea3n (t\u0103ng chi ph\u00ed v\u00e0 th\u1eddi gian) v\u00e0 c\u01a1 h\u1ed9i (nh\u01b0 c\u00e1c \u01b0u \u0111\u00e3i cho m\u1ed9t s\u1ed1 lo\u1ea1i thu\u1ed1c nh\u1ea5t \u0111\u1ecbnh ho\u1eb7c \u0111\u01a1n gi\u1ea3n h\u00f3a quy tr\u00ecnh)."},{"question":"Vai tr\u00f2 c\u1ee7a nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty d\u01b0\u1ee3c ph\u1ea9m l\u00e0 g\u00ec?","answer":"Nghi\u00ean c\u1ee9u v\u00e0 ph\u00e1t tri\u1ec3n (R&D) l\u00e0 n\u1ec1n t\u1ea3ng cho c\u00e1c c\u00f4ng ty trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m, v\u00ec n\u00f3 quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng c\u1ee7a h\u1ecd trong vi\u1ec7c ra m\u1eaft s\u1ea3n ph\u1ea9m m\u1edbi, c\u1ea3i thi\u1ec7n c\u00e1c lo\u1ea1i thu\u1ed1c hi\u1ec7n c\u00f3 v\u00e0 duy tr\u00ec t\u00ednh c\u1ea1nh tranh. C\u00e1c c\u00f4ng ty li\u00ean t\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0o R&D th\u01b0\u1eddng x\u00e2y d\u1ef1ng \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh b\u1ec1n v\u1eefng h\u01a1n v\u00e0 \u00edt ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c lo\u1ea1i thu\u1ed1c c\u00f3 b\u1eb1ng s\u00e1ng ch\u1ebf s\u1eafp h\u1ebft h\u1ea1n. Trong ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m, t\u1ef7 l\u1ec7 doanh thu d\u00e0nh cho R&D l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1 quan tr\u1ecdng v\u1ec1 ti\u1ec1m n\u0103ng \u0111\u1ed5i m\u1edbi v\u00e0 t\u0103ng tr\u01b0\u1edfng trong t\u01b0\u01a1ng lai c\u1ee7a c\u00f4ng ty."},{"question":"C\u00e1ch s\u1eed d\u1ee5ng Pocket Option \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m Brazil?","answer":"Pocket Option cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3. \u0110\u1ec3 l\u00e0m \u0111i\u1ec1u n\u00e0y, tr\u01b0\u1edbc ti\u00ean b\u1ea1n ph\u1ea3i t\u1ea1o m\u1ed9t t\u00e0i kho\u1ea3n tr\u00ean n\u1ec1n t\u1ea3ng v\u00e0 th\u1ef1c hi\u1ec7n m\u1ed9t kho\u1ea3n ti\u1ec1n g\u1eedi ban \u0111\u1ea7u. Sau \u0111\u00f3, s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt v\u00e0 c\u01a1 b\u1ea3n c\u00f3 s\u1eb5n \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh c\u01a1 h\u1ed9i trong ng\u00e0nh d\u01b0\u1ee3c ph\u1ea9m. N\u1ec1n t\u1ea3ng c\u0169ng cung c\u1ea5p c\u00e1c bi\u1ec3u \u0111\u1ed3 n\u00e2ng cao, ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt v\u00e0 c\u1ea3nh b\u00e1o gi\u00e1 c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0. Ngo\u00e0i ra, Pocket Option cung c\u1ea5p n\u1ed9i dung gi\u00e1o d\u1ee5c c\u1ee5 th\u1ec3 v\u1ec1 ng\u00e0nh, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a c\u1ed5 phi\u1ebfu d\u01b0\u1ee3c ph\u1ea9m."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>C\u1ed5 phi\u1ebfu D\u01b0\u1ee3c ph\u1ea9m: C\u01a1 h\u1ed9i \u0110\u1ea7u t\u01b0 trong Ng\u00e0nh D\u01b0\u1ee3c ph\u1ea9m Brazil n\u0103m 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/markets\/pharmaceutical-stocks-pt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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