????: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???????,??????,?????,???

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

?:“?????????,????????????,???????”

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

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

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

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

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