??????????,??????????????????CAR-T(????????T????????????)???“???????????”???????????

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

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

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

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

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

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

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?????????????????????2024??3?????????????????????????????????????1???????????????????CAR-T?(?)??????,??????? CAR-T?????11 ????????????,???????6???

???????????“2025-2030????(CGT)??????????????”?????,??,???????????CAR-T?????????????????????????,2023??????20%,?????????????184?????,????????????????168????????????????????????????????

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??,2032????????????????CAR-T??????885.2??????,????“??,???????????”(??????????????? ??:??????????????) ????:???? “?????98??”_????

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??????????,??????????????????CAR-T(????????T????????????)???“???????????”???????????

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

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

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????

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????????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?????????”?,???????“??”?

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

???????????

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