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

2???????

3?KTV??????

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