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July 15, 2020, 2:21 a.m. EDT

GlaxoSmithKline's myeloma drug gets FDA panel nod

By Adria Calatayud

GlaxoSmithKline PLC said Wednesday that a U.S. Food and Drug Administration committee has voted in favor of its belantamab mafodotin antibody drug as therapy for the treatment of relapsed or refractory multiple myeloma.

The FDA's oncologic drugs advisory committee voted in favor of a positive benefit-risk profile for the drug to help patients with relapsed or refractory multiple myeloma who have received at least four prior therapies, the British pharmaceutical company said. The FDA will consider the recommendation of the committee but isn't obligated to follow it, GSK said.

Belantamab mafodotin isn't currently approved for use anywhere in the world, the company said.

Link to MarketWatch's Slice.