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

?? ??|?????,“???????”???????

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

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

????????????????????

?????,???????????CAR-T?,?“??????????????????,????????????????????????”???????????,??????“????”???

?????????????,??????????????????????????????????,??????????????CAR-T???,?????????????????

??????????????????????1??,???“????????”,?????????????????????,?????????????????60???

??2024??,??????,??,?????????????????,?,?????????

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

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

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

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

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

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

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