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IASO Bio's first-in-human Phase 1 data for the dual-targeted BCMA/GPRC5D CAR-T RD140 could redefine treatment for high-risk multiple myeloma, building on a pipeline that already includes FDA-cleared in vivo CAR-T assets

Executive summary: IASO Bio presented first-in-human Phase 1 data for RD140, a fully human BCMA/GPRC5D dual-targeted FasT CAR-T, at the 2026 IMS meeting, involving 9 heavily pretreated high-risk patients with relapsed/refractory multiple myeloma or plasma cell leukemia. Dual-targeting BCMA and GPRC5D may improve efficacy and reduce relapse in the hardest-to-treat multiple myeloma patients, a key unmet need in CAR-T therapy. Early safety and efficacy results will determine whether RD140 can compete with established single-target CAR-T products.

Who is involved: IASO Bio, the International Myeloma Society (IMS), and the 9 patients in the study; C4 Therapeutics is also relevant, presenting competing multiple myeloma data at the same meeting.

Likely next: IASO Bio will likely advance RD140 into larger studies if safety and efficacy hold; details from the poster discussion may inform next steps and potential partnership interest.

IASO Bio presented first-in-human Phase 1 data for RD140, a fully human BCMA/GPRC5D dual-targeted FasT CAR-T, in 9 heavily pretreated high-risk patients with relapsed/refractory multiple myeloma or plasma cell leukemia. The poster was selected for a poster discussion session at the 2026 IMS meeting, indicating peer interest in the dual-targeting approach. The data are early, but they underscore the company's push to differentiate its CAR-T platform in a crowded multiple myeloma treatment landscape.

What's next — scenarios

Base: continued development toward Phase 2 (60%)

RD140 advances into a larger dose-expansion trial, reinforcing IASO Bio's CAR-T pipeline for multiple myeloma.

Upside: accelerated path due to strong efficacy (25%)

High response rates in these 9 patients could prompt expedited regulatory engagement and partnership interest.

Downside: safety or efficacy concerns slow program (15%)

A poor risk-benefit profile could halt the program or pivot to combination strategies.

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