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

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

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

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

?,????????“1+3+N”??,???????“N”????,?????????????????????????????????????,??????????“N”???,???????

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

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

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

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

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

??????????,??????????????,????????????????????????????????????????,????,????,?50??????????,?,???,???????????????????????

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