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

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?????????????????????“??????????????”??,???8??????????,?????,??/??????,????????????????????,???????????????4??????????????CAR-T?????????

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

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

??????????

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

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

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

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

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

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

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

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

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

“???????????100?????????????????????,??????CAR-T?????,???,???????????????????????????????????,??????????????????????,?????????????”??,????????????????????,???????????;?????????????;???????????,??,???????????

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

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

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

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

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

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

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?? ???????|?????,“???????”??

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

3????????200???

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

5???????

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

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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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????????,???????“1+3+N”???????,?????????“N”????????????,????????????????????????????,???????????????“N”???,???????????

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

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

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

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