financetom
Business
financetom
/
Business
/
GSK Reports Positive Results in Phase 3 Trial for Refractory Multiple Myeloma Treatment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GSK Reports Positive Results in Phase 3 Trial for Refractory Multiple Myeloma Treatment
Dec 9, 2024 11:50 AM

02:26 PM EST, 12/09/2024 (MT Newswires) -- GSK (GSK) said a phase 3 trial showed a "statistically significant and clinically meaningful overall survival" for the belantamab mafodotin combination versus the daratumumab combination as a second line or later treatment for relapsed or refractory multiple myeloma.

After a median follow-up of 39.4 months, the analysis showed a 42% lower risk of death for patients receiving the belantamab mafodotin combination compared with those on the daratumumab-based treatment, the company said Monday in a statement.

The safety and tolerability of the belantamab mafodotin regimen were in line with the primary analysis and the known safety profiles of the individual drugs used, the company said.

The planned interim analysis builds on data from earlier studies, which showed significant improvements in progression-free survival for both belantamab mafodotin-based combinations versus standard of care, the company said.

Shares of GSK rose 4% in recent trading Monday.

Price: 35.96, Change: +1.39, Percent Change: +4.01

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With DraftKings Stock Thursday?
What's Going On With DraftKings Stock Thursday?
May 23, 2024
DraftKings Inc. ( DKNG ) shares are trading lower Thursday. As states grapple with the taxation of sports betting, DraftKings ( DKNG ) has made a strategic move by acquiring digital lottery app Jackpocket. What To Know: DraftKings ( DKNG ) shares appear to be experiencing weakness in recent sessions as debates over taxation in the sports betting industry intensify....
IBM Unusual Options Activity For May 23
IBM Unusual Options Activity For May 23
May 23, 2024
Financial giants have made a conspicuous bearish move on IBM ( IBM ). Our analysis of options history for IBM ( IBM ) revealed 8 unusual trades. Delving into the details, we found 25% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $189,283, and 2...
Market Chatter: CVS Seeks Private-Equity Partnership for Oak Street Health
Market Chatter: CVS Seeks Private-Equity Partnership for Oak Street Health
May 23, 2024
04:02 PM EDT, 05/23/2024 (MT Newswires) -- CVS Health ( CVS ) is looking to fund growth at its subsidiary Oak Street Health through a potential partnership with a private equity firm, Bloomberg reported Thursday, citing people familiar with the matter. The health care, pharmacy and retail company has retained financial advisors to identify possible funding sources, including forming a...
Con Edison spends $2.3 billion to ensure NY grid reliability in summer
Con Edison spends $2.3 billion to ensure NY grid reliability in summer
May 23, 2024
May 23 (Reuters) - Consolidated Edison ( ED ) on Thursday said that it invested $2.3 billion on projects across New York City and Westchester County to ensure reliable grid service during summers and support the transition to renewable energy. The projects include installing new substation equipment, 28 underground and 69 overhead transformers to regulate voltage, 938 sections of cable,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved