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

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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???????,????“????????????????????????,????????????”(?? ?????:???) ????????????????:???????? “????95?”_????

?? ???????|?????,“??”???????

????:1?????95?:????

2????????

3?????200??500????

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

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

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