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????:???????:???????????

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