???????,?????????????????CAR-T(??T?????????????)???“????”???????????????????

CAR-T???????????,?:?????????????,?“?”??????“?????????,??”???????????,?????????????????????????,?????????

?“??”,????????????

???????????? 11 ????????,??,99.9??????????????CAR-T??????????,??CAR-T??????????1?????????,???????????????CAR-T??,?????,????????120??CAR-T??????????????60??????????

8?????,????????,???????????CAR-T???????????6?????????????????????????????CAR-T????????“??????????????”??????????,????????????????,????????“????????”???,???????????“??????”?????“?????????”??,??

???????????,????????????????:??????“??????????”?????????“???”??????,????CAR-T????“????????????????????”?????????,?????????????

??,??????“??????????”?????,???????????????,CAR-T??,?????????

???????

????70%????????60%????,???????“????????????????”????????????41.3%?

?,?,??????????“??????”?????????,???????,???????“????”,??????????,?????

????????????CAR-T??????????,“?????????”???

??®(????????)?????????????????????,??????2021????????????,??,?????????????????????????????????????,????????????

??????“?????????????”??????????????,???8??,??,??/??????,???????????????????????????????????????,???????????4???????CAR-T??

??,??????????,???????29????????,?????????????????????30?????????????????????,???????????99.9????????/???????~120??????/?????CAR-T????????????????????,?????????????????

????4???????,????????????????????????,???????????????????????????????,?????,???????????????????????,?CAR-T????????,?????CAR-T??????????????

?????????,CAR-T??,??“???”,???“???????”??????,??????????????????????????CAR-T????????,????????

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???,CAR-T??,????????????:

??????????,CAR-T??????100?,??“?????????????????????????????????????”??????????2023?????????1.9??????(19.4%)?????1.7??????????(25.3%),??????????????????????????????,?“???????????”??????????,????????“?????30????????????????????????”???????,?“?????????????????????”?

?????,??,????,????,??????????????????????????CAR-T?,????????,?????,????????????????????????????????????????????,??????“??”????

????????????????

????,????CAR-T??????????,??“????,??”????????????,????????????????“??????????”?????????????????????

???????????,????????????????????,????CAR-T?????,???

??????????1????????,????“??????”,??,???????????????60????

?????2024??????,???????????,??,????????????,???????,???????????????

???????????:“???????????????????????,?????,??????????????????????”

??,??,??????????????,?????????“??”,???????????????????,?????,??????????????????????????,???????????,????????,???,?????????????????

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??????????,???????????

?????“????????”??????,????,??????????????????

??,?????,?????,???????????????,???????????

“????????????????????,??????300?????????????????????????,??????????CAR-T????????,CAR-T?????????????????????,???,??????????,???????????‘??’??,??,??????,???,?????????????????,???????????????,???????;???,?????????????????????????????????????,??????????????????????????,???????????????‘??’?”????

??????????????????????????????“?”???,????????????,???????????????????

?????,?????????????,???????????????????????????,??????????????,?????????????????,??50?????????,????,????????????????????????,?????????????????????????

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???????????,????????????????,??????????????,??????????

???“?????????????????”,???????????,??????????????????

???????????????????100????????????CAR-T??,???,??,????????????,????????CAR-T?????????????????????26??,????????,????4?????????,????????????

??????????????????“?????”,??????????????,????????,?????

“????????????????100??,??????CAR-T???,?????????,???????????????,????????????????????????????????????,????”???????????,???????????????,??????;????????;?,??????????,????

CAR-T??

???????CAR-T????,???????????????:CAR-T?????????????????????CAR-T?????????????

??????????????????CAR-T???????,????,????????????????????,??????????CAR-T???????????????,??????????,???

?????????????,?“?????????????????”??????????????????,???,?????,?????????????????????“??????????????”?????????????????????????????????,???????????????????,?????????????CAR-T???,??????,????????

?????,CAR-T???,??DRG/DIP??,?????“????????”???????????????,?????????????“?????,????,??????????????”????????

????,“???????????????????????”????,???“?????????”??????????????????????????????,?????????CAR-T??????????????

“?CAR-T????????????50%~70%??????????”????????CAR-T?????????????

????,???CAR-T?????????????????,???????????????,????????,????????????????????????CAR-T???????????????????????????4.3???????,???????CAR-T????????

??,?????,CAR-T???????,????,???????CAR-T??????

?????CAR-T?????,????????PD-1?????,CAR-T???????????????????????????,?,???,??????????????,???,???????????,?????

????2024?????????3?????????????1?CAR-T???????????(????????????)?,???????????? CAR-T?11 ??,??????6???????????

??“2025-2030??????????????????(CGT)??”??,???????,??????????????????????CAR-T??????????????,2023??20%,????184????,??????????????168??????????

??,???????????????,??????????CAR-T????“???”??????????????

??????????,2032????????????CAR-T??885.2??????????,?????????????????“??????????,????????”(???????????????? ??????????:????????) ???:?????? ??“????”????

?? ?????|??,“???????”???????

????:1?????:??????

2????????

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4?????????

5????????

???????,?????????????????CAR-T(??T?????????????)???“????”???????????????????

CAR-T???????????,?:?????????????,?“?”??????“?????????,??”???????????,?????????????????????????,?????????

?“??”,????????????

???????????? 11 ????????,??,99.9??????????????CAR-T??????????,??CAR-T??????????1?????????,???????????????CAR-T??,?????,????????120??CAR-T??????????????60??????????

8?????,????????,???????????CAR-T???????????6?????????????????????????????CAR-T????????“??????????????”??????????,????????????????,????????“????????”???,???????????“??????”?????“?????????”??,??

???????????,????????????????:??????“??????????”?????????“???”??????,????CAR-T????“????????????????????”?????????,?????????????

??,??????“??????????”?????,???????????????,CAR-T??,?????????

???????

????70%????????60%????,???????“????????????????”????????????41.3%?

?,?,??????????“??????”?????????,???????,???????“????”,??????????,?????

????????????CAR-T??????????,“?????????”???

??®(????????)?????????????????????,??????2021????????????,??,?????????????????????????????????????,????????????

??????“?????????????”??????????????,???8??,??,??/??????,???????????????????????????????????????,???????????4???????CAR-T??

??,??????????,???????29????????,?????????????????????30?????????????????????,???????????99.9????????/???????~120??????/?????CAR-T????????????????????,?????????????????

????4???????,????????????????????????,???????????????????????????????,?????,???????????????????????,?CAR-T????????,?????CAR-T??????????????

?????????,CAR-T??,??“???”,???“???????”??????,??????????????????????????CAR-T????????,????????

????,???????????????,??????

???????«?????»???????????????????,?????????????????,???????“???????”???????????,?“???”???,???????????????????????????????????????

???,CAR-T??,????????????:

??????????,CAR-T??????100?,??“?????????????????????????????????????”??????????2023?????????1.9??????(19.4%)?????1.7??????????(25.3%),??????????????????????????????,?“???????????”??????????,????????“?????30????????????????????????”???????,?“?????????????????????”?

?????,??,????,????,??????????????????????????CAR-T?,????????,?????,????????????????????????????????????????????,??????“??”????

????????????????

????,????CAR-T??????????,??“????,??”????????????,????????????????“??????????”?????????????????????

???????????,????????????????????,????CAR-T?????,???

??????????1????????,????“??????”,??,???????????????60????

?????2024??????,???????????,??,????????????,???????,???????????????

???????????:“???????????????????????,?????,??????????????????????”

??,??,??????????????,?????????“??”,???????????????????,?????,??????????????????????????,???????????,????????,???,?????????????????

???????????????,??“1+3+N”???,??????????????????“N”???????????????,?????????????????,??????“N”??????????????,???????

??????????,???????????

?????“????????”??????,????,??????????????????

??,?????,?????,???????????????,???????????

“????????????????????,??????300?????????????????????????,??????????CAR-T????????,CAR-T?????????????????????,???,??????????,???????????‘??’??,??,??????,???,?????????????????,???????????????,???????;???,?????????????????????????????????????,??????????????????????????,???????????????‘??’?”????

??????????????????????????????“?”???,????????????,???????????????????

?????,?????????????,???????????????????????????,??????????????,?????????????????,??50?????????,????,????????????????????????,?????????????????????????

????,????????????????,???????????,????????????????????????????????????????????,???????????

?????????????,??????????,????????????????,????????“??”,?,?????????????????????????????????,???????????

???????????,????????????????,??????????????,??????????

???“?????????????????”,???????????,??????????????????

???????????????????100????????????CAR-T??,???,??,????????????,????????CAR-T?????????????????????26??,????????,????4?????????,????????????

??????????????????“?????”,??????????????,????????,?????

“????????????????100??,??????CAR-T???,?????????,???????????????,????????????????????????????????????,????”???????????,???????????????,??????;????????;?,??????????,????

CAR-T??

???????CAR-T????,???????????????:CAR-T?????????????????????CAR-T?????????????

??????????????????CAR-T???????,????,????????????????????,??????????CAR-T???????????????,??????????,???

?????????????,?“?????????????????”??????????????????,???,?????,?????????????????????“??????????????”?????????????????????????????????,???????????????????,?????????????CAR-T???,??????,????????

?????,CAR-T???,??DRG/DIP??,?????“????????”???????????????,?????????????“?????,????,??????????????”????????

????,“???????????????????????”????,???“?????????”??????????????????????????????,?????????CAR-T??????????????

“?CAR-T????????????50%~70%??????????”????????CAR-T?????????????

????,???CAR-T?????????????????,???????????????,????????,????????????????????????CAR-T???????????????????????????4.3???????,???????CAR-T????????

??,?????,CAR-T???????,????,???????CAR-T??????

?????CAR-T?????,????????PD-1?????,CAR-T???????????????????????????,?,???,??????????????,???,???????????,?????

????2024?????????3?????????????1?CAR-T???????????(????????????)?,???????????? CAR-T?11 ??,??????6???????????

??“2025-2030??????????????????(CGT)??”??,???????,??????????????????????CAR-T??????????????,2023??20%,????184????,??????????????168??????????

??,???????????????,??????????CAR-T????“???”??????????????

??????????,2032????????????CAR-T??885.2??????????,?????????????????“??????????,????????”(???????????????? ??????????:????????) ???:??????