?????|??,“???????”???????

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

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