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

????

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?????????????????????????????????????,????????????????????????????????????????????????????????????????????,??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????????????,???“?????????????,???????”(???? ?????????????:?) ??????????????:?????? ??“????150???”

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

????

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?????????????????????????????????????,????????????????????????????????????????????????????????????????????,??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????????????,???“?????????????,???????”(???? ?????????????:?) ??????????????:??????