{"schema_version":"1.0","type":"article","title":"試管嬰兒少打8成針，賣排卵針的Ferring先買下","url":"https://drugnews.com.tw/articles/2026-10-31-ferring-gameto-fertilo-ivf-fewer-hormone-injections.html","markdown_url":"https://drugnews.com.tw/articles/2026-10-31-ferring-gameto-fertilo-ivf-fewer-hormone-injections.md","lang":"zh-Hant","date":"2026-10-31","publish_at":"2026-10-31T08:00:00+08:00","updated_at":"2026-10-31","category":"商業分析系列","topic":"BD / 授權","tags":["試管嬰兒","排卵針","Fertilo","輝凌 Ferring","凍卵"],"summary":"做試管嬰兒要每天打排卵針 10 到 14 天。賣排卵針的 Ferring 卻花最高 13.825 億美元，買下只要打 2 到 3 天的 Fertilo。但它的美國三期只跟舊式 IVM 比，2028 年 4 月前上不了市。","key_points":["Ferring 2026 年 10 月 27 日以最高 13.825 億美元收購 Gameto 是替排卵針生意買保險：Fertilo 的美國三期 FIRST 對照組是舊式 MediCult IVM、不是標準試管嬰兒，主要完成時間預估 2027 年 5 月，2028 年 4 月 30 日前不會拿到 FDA 核准。","Fertilo 用 iPSC 衍生的卵巢支持細胞在體外催熟卵子，荷爾蒙注射從 10 到 14 天降到 2 到 3 天；2025 年 4 月 40 人首次人體研究中，成熟率 70% 對舊式 IVM 52%，每週期持續懷孕率 44% 對 20%（每組 10 人）。","台灣 2023 年人工生殖治療 58,557 人次、生下 11,658 名嬰兒，約占當年 135,571 名新生兒的 8.6%；Fertilo 在台灣沒有上市，2026 年 1 月 1 日施行的再生醫療雙法附條件許可只給危及生命或嚴重失能疾病，不孕症要等完整三期數據走一般審查。"],"facts":[{"claim":"Ferring 收購 Gameto 交易價值上限（含里程碑）","value":1382.5,"unit":"百萬美元","as_of":"2026-10-27","source":"https://ferringusa.com/?press=ferring-pharmaceuticals-and-gameto-sign-agreement-for-proposed-acquisition"},{"claim":"Gameto 成立以來累計募資","value":127,"unit":"百萬美元","as_of":"2026-10-27","source":"https://www.biopharmadive.com/news/ferring-gameto-acquire-ivf-fertilo-womens-health/872904/"},{"claim":"傳統試管嬰兒每天自行注射荷爾蒙天數","value":"10–14","unit":"天","as_of":"2025-01-30","source":"https://www.biospace.com/press-releases/gameto-announces-fda-ind-clearance-for-fertilo-the-first-ipsc-based-therapy-to-enter-u-s-phase-3-clinical-trials"},{"claim":"Fertilo 療程荷爾蒙注射天數","value":"2–3","unit":"天","as_of":"2025-01-30","source":"https://www.biospace.com/press-releases/gameto-announces-fda-ind-clearance-for-fertilo-the-first-ipsc-based-therapy-to-enter-u-s-phase-3-clinical-trials"},{"claim":"Fertilo 首次人體研究病人數（墨西哥、秘魯）","value":40,"unit":"人","as_of":"2025-04-03","source":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"claim":"首次人體研究隨機段卵子成熟率：Fertilo","value":70,"unit":"%","as_of":"2025-04-03","source":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"claim":"首次人體研究隨機段卵子成熟率：舊式 IVM","value":52,"unit":"%","as_of":"2025-04-03","source":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"claim":"首次人體研究每週期持續懷孕率：Fertilo","value":44,"unit":"%","as_of":"2025-04-03","source":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"claim":"首次人體研究每週期持續懷孕率：舊式 IVM","value":20,"unit":"%","as_of":"2025-04-03","source":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"claim":"首位 Fertilo 寶寶出生日期（秘魯利馬）","value":"2024-12-16","unit":"日期","as_of":"2026-10-27","source":"https://infobae.com/economia/2026/10/27/un-magnate-argentino-vendio-su-sexto-unicornio-por-mas-de-usd-1380-millones-la-emotiva-historia-que-inspiro-el-negocio"},{"claim":"至 2025 年 8 月 Fertilo 寶寶出生數","value":5,"unit":"人","as_of":"2025-08-13","source":"https://www.biospace.com/press-releases/gametos-44m-series-c-to-help-redefine-reproductive-care-as-first-patients-recruited-for-pivotal-stem-cell-phase-3-trial"},{"claim":"FIRST 美國三期預計收案人數（對照組 MediCult IVM）","value":500,"unit":"人","as_of":"2026-10-07","source":"https://clinicaltrials.gov/study/NCT06858111"},{"claim":"FIRST 三期主要完成時間（預估）","value":"2027-05","unit":"年月","as_of":"2026-10-07","source":"https://clinicaltrials.gov/study/NCT06858111"},{"claim":"FIRST 三期試驗結束時間（預估）","value":"2028-01","unit":"年月","as_of":"2026-10-07","source":"https://clinicaltrials.gov/study/NCT06858111"},{"claim":"Ferring 2025 年營收（首度超過）","value":2.5,"unit":"十億歐元","as_of":"2026-03-10","source":"https://www.biospace.com/press-releases/for-the-first-time-ferring-reports-revenue-of-over-2-5-billion-in-2025"},{"claim":"Ferring 2025 年營收固定匯率成長率","value":10,"unit":"%","as_of":"2026-03-10","source":"https://www.biospace.com/press-releases/for-the-first-time-ferring-reports-revenue-of-over-2-5-billion-in-2025"},{"claim":"德國默克 2025 年生育治療產品線銷售","value":1457,"unit":"百萬歐元","as_of":"2026-03-05","source":"https://www.emdgroup.com/en/news/q4-2025-05-03-2026"},{"claim":"德國默克 2025 年生育治療有機成長率","value":0.4,"unit":"%","as_of":"2026-03-05","source":"https://www.emdgroup.com/en/news/q4-2025-05-03-2026"},{"claim":"台灣 2023 年人工生殖治療人次","value":58557,"unit":"人次","as_of":"2025-12-28","source":"https://udn.com/news/story/7266/9230750"},{"claim":"台灣 2023 年人工生殖活產嬰兒數","value":11658,"unit":"人","as_of":"2025-12-28","source":"https://udn.com/news/story/7266/9230750"},{"claim":"台灣 2023 年出生數","value":135571,"unit":"人","as_of":"2024-01-10","source":"https://cdn.technews.tw/2024/01/10/taiwan-number-of-births-2023"},{"claim":"不孕症試管嬰兒補助 3.0 未滿 39 歲最高補助","value":15,"unit":"萬元新台幣","as_of":"2026-04-22","source":"https://udn.com/news/story/7266/9457306"},{"claim":"試管嬰兒補助方案累計協助出生嬰兒數（至 2026-04-12）","value":34219,"unit":"人","as_of":"2026-04-22","source":"https://udn.com/news/story/7266/9457306"},{"claim":"再生醫療雙法全面施行日期","value":"2026-01-01","unit":"日期","as_of":"2026-09-02","source":"https://geneonline.news/how-taiwans-regenerative-medicine-acts-offer-a-lifeline-to-critically-ill-patients-gct-month-007-sep-2026/"},{"claim":"再生醫療製劑附條件許可最長效期","value":5,"unit":"年","as_of":"2024-06-04","source":"https://www.twreporter.org/a/regenerative-medicine-legislation-passed"}],"sections":["01｜兩週的針，為什麼一直省不掉","02｜Fertilo 把「催熟」搬進培養皿","03｜病人有感嗎：數字漂亮，樣本只有 40 人","04｜Ferring 為什麼買會搶自己生意的技術","05｜台灣試管嬰兒這麼普遍，什麼時候用得到","參考資料"],"references":[{"title":"Ferring Pharmaceuticals and Gameto sign agreement for proposed acquisition","source":"Ferring Pharmaceuticals","date":"2026-10-27","url":"https://ferringusa.com/?press=ferring-pharmaceuticals-and-gameto-sign-agreement-for-proposed-acquisition"},{"title":"Ferring to acquire next-gen IVF startup Gameto for up to $1.4B","source":"BioPharma Dive","date":"2026-10-27","url":"https://www.biopharmadive.com/news/ferring-gameto-acquire-ivf-fertilo-womens-health/872904/"},{"title":"Un magnate argentino vendió su sexto unicornio por más de USD 1.380 millones","source":"Infobae","date":"2026-10-27","url":"https://infobae.com/economia/2026/10/27/un-magnate-argentino-vendio-su-sexto-unicornio-por-mas-de-usd-1380-millones-la-emotiva-historia-que-inspiro-el-negocio"},{"title":"Fertilo In Vitro Research Study and Trial (FIRST, NCT06858111","source":"ClinicalTrials.gov","date":"2026-10-07","url":"https://clinicaltrials.gov/study/NCT06858111"},{"title":"Gameto's $44M Series C as first patients recruited for pivotal stem cell Phase 3 trial","source":"BioSpace","date":"2025-08-13","url":"https://www.biospace.com/press-releases/gametos-44m-series-c-to-help-redefine-reproductive-care-as-first-patients-recruited-for-pivotal-stem-cell-phase-3-trial"},{"title":"Gameto Announces FDA IND Clearance for Fertilo","source":"BioSpace","date":"2025-01-30","url":"https://www.biospace.com/press-releases/gameto-announces-fda-ind-clearance-for-fertilo-the-first-ipsc-based-therapy-to-enter-u-s-phase-3-clinical-trials"},{"title":"Fertilo 首次人體研究預印本（DOI 10.1101/2025.04.02.25324702","source":"medRxiv","date":"2025-04-03","url":"https://www.medrxiv.org/content/10.1101/2025.04.02.25324702v1"},{"title":"Gameto Reports Positive Results for IVF Alternative Technology That Reduces Hormone Treatments","source":"Femtech Insider","date":"2025-04-08","url":"https://femtechinsider.com/gameto-reports-positive-results-for-ivf-alternative-technology-that-reduces-hormone-treatments"},{"title":"For the First Time, Ferring Reports Revenue of Over €2.5 Billion in 2025","source":"Ferring Pharmaceuticals（BioSpace","date":"2026-03-10","url":"https://www.biospace.com/press-releases/for-the-first-time-ferring-reports-revenue-of-over-2-5-billion-in-2025"},{"title":"Merck KGaA, Darmstadt, Germany: Guidance for 2025 Delivered, Growth Foundation in Place","source":"Merck KGaA","date":"2026-03-05","url":"https://www.emdgroup.com/en/news/q4-2025-05-03-2026"},{"title":"人工生殖增幅緩 專家：對象飽和、缺乏生育意願","source":"聯合新聞網（中央社","date":"2025-12-28","url":"https://udn.com/news/story/7266/9230750"},{"title":"2023 年出生數跌破低推估值 14 萬，國發會：非單一因素","source":"科技新報","date":"2024-01-10","url":"https://cdn.technews.tw/2024/01/10/taiwan-number-of-births-2023"},{"title":"人工生殖補助新生兒突破3萬名 新制年齡放寬、規定一次看","source":"聯合新聞網","date":"2026-04-22","url":"https://udn.com/news/story/7266/9457306"},{"title":"歷經10年，再生醫療雙法三讀！適用對象、細胞使用、倫理規範，6大焦點一次看","source":"報導者","date":"2024-06-04","url":"https://www.twreporter.org/a/regenerative-medicine-legislation-passed"},{"title":"How Taiwan's Regenerative Medicine Acts Offer a Lifeline to Critically Ill Patients","source":"GeneOnline","date":"2026-09-02","url":"https://geneonline.news/how-taiwans-regenerative-medicine-acts-offer-a-lifeline-to-critically-ill-patients-gct-month-007-sep-2026/"}],"images":[{"alt":"圖1｜少打針的祕密在培養皿","url":"https://drugnews.com.tw/assets/articles/ferring-gameto-fertilo-ivf-fewer-hormone-injections/figure-01.png"},{"alt":"圖2｜Fertilo 贏過舊式 IVM","url":"https://drugnews.com.tw/assets/articles/ferring-gameto-fertilo-ivf-fewer-hormone-injections/figure-02.png"},{"alt":"圖3｜三種取卵路線比一比","url":"https://drugnews.com.tw/assets/articles/ferring-gameto-fertilo-ivf-fewer-hormone-injections/figure-03.png"},{"alt":"圖4｜Fertilo 上美國的時間表","url":"https://drugnews.com.tw/assets/articles/ferring-gameto-fertilo-ivf-fewer-hormone-injections/figure-04.png"}],"cover_image":"https://drugnews.com.tw/assets/articles/ferring-gameto-fertilo-ivf-fewer-hormone-injections/cover.png","publisher":{"name":"Drugnews｜藥時事","url":"https://drugnews.com.tw/","profile":"https://drugnews.com.tw/brand-profile.json"},"citation":"Drugnews｜藥時事（2026-10-31）。試管嬰兒少打8成針，賣排卵針的Ferring先買下。https://drugnews.com.tw/articles/2026-10-31-ferring-gameto-fertilo-ivf-fewer-hormone-injections.html","disclaimer":"本文僅供產業研究與知識分享，不構成投資、醫療、募資或個股建議。","translations":{},"relationship":"independent_editorial","disclosure_url":"https://drugnews.com.tw/policy/"}