??|???????,“???????”?????

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

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