???????|?????,“??”???????

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

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