???????|?????,“??”???????

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

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