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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">ecna</journal-id><journal-title-group><journal-title xml:lang="ru">Экономика науки</journal-title><trans-title-group xml:lang="en"><trans-title>Economics of Science</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2410-132X</issn><issn pub-type="epub">2949-4680</issn><publisher><publisher-name>Delo Publishing house</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.22394/2410-132X-2024-10-2-60-78</article-id><article-id custom-type="elpub" pub-id-type="custom">ecna-437</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ФИНАНСИРОВАНИЕ, ФОНДЫ И КАДРЫ НАУКИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>FUNDING AND STAFFING IN SCIENCE</subject></subj-group></article-categories><title-group><article-title>Потенциал акционерного финансирования для малых и средних биомедицинских корпораций, ведущих исследования и разработки</article-title><trans-title-group xml:lang="en"><trans-title>Equity Financing Potential for Leading R&amp;D of Small and Medium-Sized Biomedical Corporations</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-9661-0537</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Сунь</surname><given-names>Я.</given-names></name><name name-style="western" xml:lang="en"><surname>Sun</surname><given-names>Y.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Сунь Янхуэй — слушатель DBA, соискатель научной степени кандидата экономических наук, РАНХиГС; Главный исполнительный директор Pfiker Biopharma Group Co., Ltd.</p><p>Москва, пр. Вернадского, д. 82, стр. 1; Central Plaza, № 18 Harbour Road, район Ванчай, Гонконг, Китайская Народная Республика</p><p>Web of Science Researcher ID: JPX-9139-2023</p></bio><bio xml:lang="en"><p>Yanhui Sun - DBA candidate in Business Administration and PhD candidate in Economic Science of Russian Presidential Academy of National Economy and Public Administration; Chief Executive Officer of Pfiker Biopharma (HongKong) Group Co., Ltd.</p><p>Central Plaza, No.18 Harbour Road, Wanchai District, Hong Kong, People's Republic of China</p><p>Web of Science Researcher ID: JPX-9139-2023</p></bio><email xlink:type="simple">syhmba@foxmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">Институт экономики, математики и информационных технологий, Российская академия народного хозяйства и государственной службы при Президенте Российской Федерации (РАНХиГС); Pfiker Biopharma (Hong Kong) Group Co., Ltd<country>Россия</country></aff><aff xml:lang="en">Institute of Economics, Mathematics and Information Technology, Russian Presidential Academy of National Economy and Public Administration; Pfiker Biopharma (Hong Kong) Group Co., Ltd<country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2024</year></pub-date><pub-date pub-type="epub"><day>30</day><month>06</month><year>2024</year></pub-date><volume>10</volume><issue>2</issue><fpage>60</fpage><lpage>78</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Сунь Я., 2024</copyright-statement><copyright-year>2024</copyright-year><copyright-holder xml:lang="ru">Сунь Я.</copyright-holder><copyright-holder xml:lang="en">Sun Y.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://ecna.elpub.ru/jour/article/view/437">https://ecna.elpub.ru/jour/article/view/437</self-uri><abstract><p>Это исследование представляет собой комплексный анализ корпоративных возможностей в области финансирования при привлечении акционерного капитала с точки зрения малых и средних инновационных биомедицинских предприятий с целью формирования базы знаний для успешного осуществления акционерного финансирования. Исследование включало анкетирование сотрудников 400 китайских венчурных компаний и МСП, занимающихся исследованиями и разработками инновационных лекарств, с последующим статистическим анализом результатов данных анкет. С учетом проблем, с которыми сталкиваются подобные предприятия в процессе привлечения акционерного капитала , такими как недостаточное внимание к бизнес-планам финансирования, пренебрежение презентацией эмиссии, недостаточный опыт в сфере финансирования, чрезмерная зависимость от одного подхода или канала финансирования, не совсем тщательный выбор финансовых партнеров и преждевременное привлечение капитала, это исследование предлагает ряд мер противодействия. Они включают в себя первоочередное внимание к бизнес-планам финансирования, подчеркивание значимости презентации эмиссии ценных бумаг, принятие разнообразных подходов к финансированию и объективную оценку оптимального момента для начала финансирования. Венчурный капитал способен эффективно решать проблемы, связанные с привлечением акционерного капитала для малых и средних инновационных биомедицинских предприятий , играя ключевую роль в сфере инновационных исследований и разработке лекарственных препаратов. Венчурный капитал может эффективно решить проблему финансирования, с которой сталкиваются малые и средние инновационные биомедицинские предприятия , выступая в качестве оптимального канала финансирования. Венчурный капитал также может решить проблемы, связанные с долевым финансированием малых и средних инновационных биомедицинских предприятий, тем самым играя ключевую роль в области исследований и разработок инновационных лекарств ( НИОКР ) и содействуя устойчивому росту биомедицинского сектора Китая в целом.</p></abstract><trans-abstract xml:lang="en"><p>From the perspective of small and medium-sized innovative biomedical enterprises, this study conducts a comprehensive analysis of the corporate financing capacity during the equity financing process, aiming to provide valuable insights for the successful implementation of equity financing. The study involved the distribution of a total of 400 questionnaires to Chinese venture capital institutions and SMEs of innovative drug R&amp;D, followed by statistical analysis of the questionnaire data results. In light of the challenges faced by these enterprises during the equity financing process, such as inadequate attention to financing business plans, neglect of financing roadshows, insufficient financing expertise, reliance on single financing approaches or channels, lack of meticulous capital partner selection and enterprises raise capital prematurely, this study proposes several countermeasures. These include prioritizing the financing business plan, emphasizing the importance of the financing roadshows, adopting a diversified financing approach, and objectively determining the optimal entry point for the financing stage. Venture capital can effectively address the financing bottleneck faced by small and medium-sized innovative biomedical enterprises, thereby serving as the optimal financing channel. Not only that, but also can effectively address the bottleneck issues associated with equity financing for small and medium-sized innovative biomedical enterprises and play a pivotal role in the field of innovative drug research and development (R&amp;D). By fostering the development of more efficient novel drugs, it can significantly contribute to the robust growth of China's biomedical industry.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>малые и средние предприятия</kwd><kwd>МСП</kwd><kwd>биомедицинское предприятие</kwd><kwd>венчурный капитал</kwd><kwd>акционерное финансирование</kwd><kwd>потенциал финансирования</kwd></kwd-group><kwd-group xml:lang="en"><kwd>small and medium-sized enterprises</kwd><kwd>SME</kwd><kwd>biomedical enterprise</kwd><kwd>venture capital</kwd><kwd>VC</kwd><kwd>equity financing</kwd><kwd>financing capacity</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Zhang T., Lu Y., Chen J., et al. Research on technological innovation situation in biomedicine field in China // Chinese Journal of New Drugs. 2020. 29 (22). 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