?????|??,“???????”???????

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

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