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北京时间·🕒 发布 07-23 14:00:00时区推断·⟳ 抓取 14:37:43回填·⚡ 决策 07-27 14:39:59·92.4 天前

启明医疗Venus-PowerX中国确证性临床试验完成患者入组

Venus-PowerX完成中国确证性临床试验入组,有助于后续中国NMPA和欧洲CE注册申报,但当前仍是临床进度节点而非获批或商业化落地。

📄 原文PR Newswire FDA Approval↗ 原文
Venus Medtech Announces Completion of Patient Enrollment in Pivotal China Trial for Venus-PowerX, the World's First Ful…
不做 启明医疗-B(02500.HK)
不做:完成患者入组只是注册前临床进度,距离NMPA/CE获批和商业化收入仍远;消息7月20日已披露且当前捕获偏旧,事件后股价未正向确认,短线无明确edge。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-07-20 · 扩散 medium · price-in 风险 high ↗ ↗ ↗

消息传播链

  1. 2026-07-20 12:30 CST首发新浪财经/启明医疗一手源原文 ↗
    启明医疗中文口径已宣布Venus-PowerX中国确证性注册临床研究完成全部患者入组,早于英文PR稿。
  2. 2026-07-23 06:00 UTC财经媒体扩散PR Newswire一手源原文 ↗
    英文新闻稿复述同一临床入组完成事项,强调支持未来中国和欧洲监管申报。
  3. 2026-07-24 15:59 HKT市场反应Webull非一手原文 ↗
    02500.HK在7月24日收1.120港元,较前收跌6.67%,未显示利好持续重定价。
    市场反应:02500.HK 1.120港元,-6.67%

关键理由

  • Venus-PowerX完成中国确证性临床试验入组,有助于后续中国NMPA和欧洲CE注册申报,但当前仍是临床进度节点而非获批或商业化落地。
  • 公司2025年收入约3.07亿元,其中TAVR产品约2.10亿元,Venus-PowerX若获批可能补充TAVR组合,但本次未披露销售时间表、定价、订单或新增收入量级。
  • 该消息中文源在7月20日已由公司口径发布,PR Newswire为7月23日英文扩散,当前7月27日研判已偏旧且股价未给出正向确认。

主要风险

  • 该节点距离注册获批和商业化收入仍有随访、申报和审批不确定性,短线重定价力度不足。
  • 02500.HK流动性偏弱且近期股价仍在52周低位附近,临床进展利好容易被融资亏损和产品竞争压力压制。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-03-31 · 影响 weakens
    公司2025年收入同比下降且仍亏损,Venus-PowerX尚无中国/欧洲获批和新增收入数据,削弱追多。
    检索:Venus Medtech 02500.HK Venus-PowerX revenue 2025 annual report TAVR products 原文 ↗
  • 做多前查反向 · 来源 web · 影响 weakens
    事件后可见行情未同向上涨,且成交额偏低,说明市场未把入组完成当作强短线催化。
    检索:02500.HK stock price Venus Medtech July 27 2026 原文 ↗

原文全文

展开原文 · 3,015 字
Venus Medtech Announces Completion of Patient Enrollment in Pivotal China Trial for Venus-PowerX, the World's First Fully Recoverable Self-Expanding Dry-Valve TAVR System
The PREVAILS study, now fully enrolled, marks a critical step toward simultaneous regulatory submissions in China and Europe for the next-generation TAVR system
HANGZHOU, China, July 23, 2026 /PRNewswire/ -- Venus Medtech (Hangzhou) Inc. (02500.HK) today announced that patient enrollment has been completed in its confirmatory clinical trial for the Venus-PowerX Transcatheter Aortic Valve System. The milestone brings the world's first self-expanding dry-valve TAVR device capable of full release and complete retrieval—even after 100% deployment—one step closer to market approval in China and Europe.
The Venus-PowerX PREVAILS study (Pivotal Study of Severe Aortic Stenosis TREated with the Venus‑PowerX TrAnscatheter AortIc VaLve System) is a prospective, multicenter, single-arm, objective‑performance‑criterion trial designed to evaluate the safety, efficacy, and device performance of the Venus-PowerX system in patients with severe aortic stenosis. Data generated from this study will support simultaneous regulatory submissions for CE marking in Europe and regulatory approval by China's NMPA.
Venus-PowerX incorporates multiple innovative technologies that distinguish it from current TAVR platforms:
- 100% Retrievable After Full Deployment
- Venus EnduraTM Dry Tissue with Anti-Calcification Treatment
- Wire-Controlled Release Mechanism
- SeadaptTM Self-Adaptive Anti-PVL Skirt
- V-Shaped Outflow Design
- Three Radiopaque Markers
Venus-PowerX has already secured regulatory approvals in Argentina, Chile, and Venezuela, making it the world's first commercially available fully recoverable self‑expanding dry‑valve TAVR product. Real‑world clinical data from Latin America, particularly from Argentina and Chile, are generating real-world evidence supporting broader clinical adoption and the company's strategy to bring Chinese structural heart solutions to international markets.
"The successful completion of enrollment in the Venus-PowerX confirmatory trial positions this device as a significant addition to our TAVR portfolio," said Mr. Ma Renzheng, Chief Technology Officer of Venus Medtech. "We are committed to offering patients with severe aortic stenosis a more precise, safer, and more controllable treatment option, and to advancing structural heart intervention from 'partially controllable' to 'fully controllable' at every step of the procedure."
About Venus Medtech
Venus Medtech (Hangzhou) Inc. (2500.HK) is a leading innovator in transcatheter heart valve solutions for structural heart disease. The company has developed a comprehensive product pipeline covering all four heart valves — TAVR, TPVR, TMVR, and TTVR —and related accessory products. With global R&D centers in China, the United States, and Israel, the company is committed to providing effective treatment solutions for life-threatening diseases.

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