???????,?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???????????????????,????????????,????????,???‘????’??,???????????,????,??,?????????????????????,?,???????;?????,??????????????????,?,?????‘??’?”??????

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

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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???????????

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

?? ??|???????,“???????”?????

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

2?????????????

3???????????

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??,?????,??,?????????

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??,????????,????????????????????????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??????,??????????,????????????,?????????????????,????????,?????????

????:“?????????????????,??,???”

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

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?????????,??????????????

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

???????????????????????????,???,??????????????,?????????????????????,???

“???????????????,??300???????????,???????????CAR-T??,CAR-T???????????????????,????????????,????????,???‘????’??,???????????,????,??,?????????????????????,?,???????;?????,??????????????????,?,?????‘??’?”??????

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

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