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

2???????

3????????????

4?????

5??????????

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