???????|??,“?????”???????

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

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