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ArticlePharmacoEconomics - open2026

Threshold Price of Belantamab for Relapsed/Refractory Multiple Myeloma in China: A Cost-Effectiveness Analysis.

Xiaotong Zhang, Xiaoxuan Xing, Zhizhou Wang, Ke Wang, Yiming Hua, Lan Zhang, Xianzhe Dong

Registry-linked trialAbstract read
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In one paragraph

Article in PharmacoEconomics - open, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. It is linked to trial NCT04246047 (DREAMM 7), which is not on this map. Not yet cited in PubMed.

0numbers the graph read from it
0cells of the map it votes in
0citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

NCT04246047 phase3active not recruitingnot on this map

DREAMM 7: A Multicenter, Open-Label, Randomized Phase III Study to Evaluate the Efficacy and Safety of the Combination of Belantamab Mafodotin, Bortezomib, and Dexamethasone (B-Vd) Compared With the Combination of Daratumumab, Bortezomib and Dexamethasone (D-Vd) in Participants With Relapsed/Refractory Multiple Myeloma

TypeinterventionalSponsorGlaxoSmithKlineRan2020 to 2028Enrolled494ConditionsMultiple MyelomaArmsBelantamab mafodotin, Daratumumab, Bortezomib, Dexamethasone
3 · Its place in the literature

Who cites it

0 citing papers in PubMed.

No citing paper in PubMed yet.

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

7 authors.

Xiaotong Zhang *Department of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China.
Xiaoxuan Xing *Department of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China.
Zhizhou WangDepartment of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China.
Ke WangDepartment of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China.
Yiming HuaDepartment of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China.
Lan ZhangDepartment of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China. zhanglan@xwhosp.org.
Xianzhe DongDepartment of Pharmacy, Capital Medical University Xuanwu Hospital, Beijing, 100053, China. dongxianzhe@xwhosp.org.ORCID http://orcid.org/0000-0002-5286-4623

Funding

Capital Medical University Xuanwu Hospital LCYJ202419
6 · The paper itself

Abstract

backgroundMultiple myeloma is a life-threatening hematologic malignancy with a rising incidence and significant economic burden, driven largely by costly novel therapies. This study estimated the value-based price of belantamab, a novel agent for relapsed or refractory multiple myeloma, from the perspective of the Chinese healthcare system.

methodsA three-state partitioned survival model was constructed to compare belantamab plus bortezomib and dexamethasone (BVd) versus daratumumab plus bortezomib and dexamethasone (DVd) for the treatment of relapsed or refractory multiple myeloma over a lifetime horizon. Efficacy data were based on the DREAMM-7 trial (ClinicalTrials.gov identifier: NCT04246047). Cost inputs included the drug acquisition and administration, subsequent treatment, monitoring for post progression, disease evaluation and laboratory testing, and serious adverse events management. Health utilities were derived from published studies. Both costs and quality-adjusted life years (QALYs) were discounted at an annual rate of 4.5%. Probabilistic sensitivity analysis with 10,000 Monte Carlo simulations was conducted to estimate the threshold price of belantamab at a willingness-to-pay (WTP) threshold of twice China's 2025 GDP per capita (US$29,444 per QALY).

resultsThe BVd regimen yielded 6.15 QALYs compared with 4.51 QALYs for the DVd regimen. The probabilistic mean threshold price of belantamab was US$5.73/mg (95% CrI 2.16-8.89) at a WTP threshold of US$29,444/QALY.

conclusionsThe threshold price of belantamab for BVd to be cost effective over DVd is US$5.73/mg at a WTP threshold of twice China's GDP per capita, indicating a need for a very substantial price reduction of approximately 98% from the US list price. This estimate provides evidence-based reference for future national price negotiation and reimbursement decisions in China.

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Registered trials

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