Innovent Biologics Inc. announced that its anti-GPRC5D/BCMA/CD3 trispecific antibody, IBI3003, has received Fast Track Designation from the U.S. Food and Drug Administration (FDA) for the treatment of relapsed or refractory multiple myeloma in patients who have received at least four prior lines of therapy, including a proteasome inhibitor, an immunomodulatory drug, and an anti-CD38 monoclonal antibody. The designation is intended to facilitate the development and expedite the review of IBI3003, which is currently undergoing Phase 1/2 clinical trials in China and Australia, with plans to initiate similar trials in the United States.

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