??|?????,“???????”???????

????:???????????:???95???????

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