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

?

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

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??

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???????????,???????????????????????????,??CAR-T??????????????,???

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?????????2024????????,???????,?,????????????,????,??????

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

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

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

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

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

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?????????????????,CAR-T?,??????DRG/DIP??,??????????????“????????????????????”???,???????????????“???????,?????????,?????????????”??????

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“??????CAR-T????50%~70%?????”?????????????????????CAR-T???????????

???????,????????CAR-T?,?????????,???,???????CAR-T????????????????????????4.3????????,?CAR-T????????????

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??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????????????????????????????????????,???????????????????“??????,???”(????? ??????????:??????????) ???:??????? “????150???”????

?? ??|???????,“???????”?????

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2???????????

3??????

4???????????

5????????

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

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8??,?,?????CAR-T?????6?????????????????CAR-T?????????“??????????????????”????,?????????,?????????????????“???”??,?????“?????”??????????????“???????”??????????,???????????

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

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

?

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

??

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???????????,???????????????????????????,??CAR-T??????????????,???

???????1????,??“???”,?????????,???60???????????????

?????????2024????????,???????,?,????????????,????,??????

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

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

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

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

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

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

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

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