Src - ASR 93.267
To be sure, she told Fortune, the demographic evidence facing the program is undeniably grim. The ratio of workers to beneficiaries has plummeted from 10 or more in the mid-20th century to merely two or three today. As a result, the timeline for the depletion of the program’s surplus trust funds has accelerated, shifting from 2035 to the end of 2032. After 2032, incoming payroll tax revenue, income from taxation of benefits, and interest on the trust funds will not cover 100% of promised benefits.
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这种结构性变化的背后是MNC战略逻辑的深刻调整。面对全球医药创新成本的持续上升和研发回报率的下降，MNC迫切需要找到新的创新源头。中国创新药企经过多年积累，在抗体工程、ADC、双抗、多肽药物、AI制药等前沿领域已形成独特的技术平台和高效研发体系，且研发成本相较欧美具有显著优势。
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