????:1????????????:??????

2??????

3??????95????

4??????

5?????????

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

????“???????”,????

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

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

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

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

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