GSK Frames A Comeback For Its Multiple Myeloma Drug Following Encouraging Phase 3 Data
Portfolio Pulse from Vandana Singh
GSK plc announced positive Phase 3 trial results for belantamab mafodotin, showing significant improvement in progression-free survival for multiple myeloma compared to the standard of care. Despite previous setbacks with FDA and EMA regulatory issues, the encouraging data could signal a potential comeback for the drug, marketed as Blenrep. GSK shares saw minimal change in premarket trading.
November 27, 2023 | 12:57 pm
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GSK's belantamab mafodotin demonstrated significant efficacy in a Phase 3 trial, potentially revitalizing the drug's prospects after previous regulatory challenges.
The positive trial results are likely to be viewed favorably by investors, as they suggest a potential for Blenrep to regain its place in the market after previous regulatory setbacks. This could lead to increased investor confidence and a potential short-term uplift in GSK's stock price.
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