GSK (GSK)

Sector:

Pharma and Biotech

Index:

FTSE 100

1,312.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 1,812.50p
  • 52 Week Low: 1,300.00p
  • Currency: UK Pounds
  • Shares Issued: 4,145.10m
  • Volume: 1,228,891
  • Market Cap: £54,384m
  • RiskGrade: 129
  • Beta: 0.56

GSK's Blenrep shows strong survival benefit in myeloma study

By Josh White

Date: Thursday 14 Nov 2024

LONDON (ShareCast) - (Sharecast News) - GSK reported positive results from its phase three 'DREAMM-7' trial on Thursday, highlighting a significant overall survival benefit for 'Blenrep', or belantamab mafodotin, in patients with relapsed or refractory multiple myeloma.
The FTSE 100 drugmaker said the trial, involving 494 participants, demonstrated that Blenrep combined with bortezomib and 'dexamethasone', or BorDex, achieved a statistically significant reduction in mortality risk compared to a standard treatment regimen of daratumumab plus BorDex.

It said the survival advantage, a key secondary endpoint of the trial, added to the growing evidence supporting Blenrep's clinical efficacy.

Detailed data from the interim analysis, including safety findings, was set to be presented at the American Society of Hematology Annual Meeting on 9 December.

The results would be submitted to health authorities globally to support regulatory filings in the US, EU, UK, Japan, Canada, and Switzerland, with China already granting breakthrough therapy designation and priority review for Blenrep in combination with BorDex based on the DREAMM-7 findings.

GSK said the DREAMM - 'DRiving Excellence in Approaches to Multiple Myeloma - programme, which included other phase three trials such as DREAMM-8, continued to explore Blenrep's potential in various therapeutic combinations and earlier stages of treatment.

Plans were also underway for a new phase three study in newly diagnosed, transplant-ineligible multiple myeloma patients by year-end.

Multiple myeloma, one of the most prevalent blood cancers worldwide, often develops resistance to existing therapies, underscoring the need for innovative treatments like Blenrep.

GSK's Blenrep, an antibody-drug conjugate targeting B-cell maturation antigen, is currently approved as a monotherapy in several markets, including Hong Kong and Israel.

"The overall survival results from the DREAMM-7 trial underscore the potential for this Blenrep combination to extend the lives of patients with relapsed/refractory multiple myeloma," said Hesham Abdullah, GSK's senior vice-president and global head of oncology research and development.

"This is a statistically significant and clinically meaningful advancement for patients and potentially transformative for treatment.

"We look forward to sharing these data with health authorities and presenting the full results at next month's American Society of Hematology Annual Meeting."

At 0819 GMT, shares in GSK were down 0.84% at 1,350.5p.

Reporting by Josh White for Sharecast.com.

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GSK Market Data

Currency UK Pounds
Share Price 1,312.00p
Change Today 12.00p
% Change 0.92 %
52 Week High 1,812.50p
52 Week Low 1,300.00p
Volume 1,228,891
Shares Issued 4,145.10m
Market Cap £54,384m
Beta 0.56
RiskGrade 129

GSK Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
48.16% below the market average48.16% below the market average48.16% below the market average48.16% below the market average48.16% below the market average
16.00% above the sector average16.00% above the sector average16.00% above the sector average16.00% above the sector average16.00% above the sector average
Price Trend
36.75% below the market average36.75% below the market average36.75% below the market average36.75% below the market average36.75% below the market average
18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average
Income
47.15% above the market average47.15% above the market average47.15% above the market average47.15% above the market average47.15% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
5.4% below the market average5.4% below the market average5.4% below the market average5.4% below the market average5.4% below the market average
23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average

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Neutral 11
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GSK Key Personnel

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