Palo Alto, CA, January 27, 2026 —
Fortvita Biologics, a subsidiary of Innovent Biologics, Inc. (HKEX: 01801), announced today that IBI3003, an investigational anti-GPRC5D/BCMA/CD3 trispecific antibody, has received Fast Track Designation (FTD) from the U.S. FDA. The designation applies to the treatment of relapsed or refractory multiple myeloma (R/R MM) in patients who have received four or more prior lines of anti-myeloma therapy, including at least a proteasome inhibitor (PI), an immunomodulatory drug (IMiD), and an anti-CD38 monoclonal antibody.
IBI3003 was discovered and developed using Innovent’s proprietary Sanbody® platform and its development is being advanced globally. IBI3003 is currently undergoing a Phase 1/2 clinical trial in patients with relapsed or refractory multiple myeloma in China and Australia, and there are plans to initiate a Phase 1/2 clinical trial in the United States led by Fortvita imminently.
Clinical data presented at the American Society of Hematology (ASH) Annual Meeting on December 7, 2025, demonstrated a tolerable safety profile and promising efficacy signals for IBI3003, in patients who had failed ≥2 prior lines of myeloma therapy:
- Thirty-nine patients with R/R MM who had previously received at least a PI, an IMiD, and an anti-CD38 monoclonal antibody were treated with IBI3003 at dose levels ranging from 0.1 μg/kg to 800 μg/kg and underwent at least one tumor assessment after baseline. As of the data cutoff date of November 7, 2025, the median follow-up duration was 3.25 months (range: 0.4–7.4), and the median treatment duration was 12.14 weeks (range: 1.0–33.0).
- Among patients treated at doses ≥120 μg/kg (n=24), the overall response rate (ORR) was 83.3%, including 4 stringent complete responses (sCR), 7 very good partial responses (VGPR), and 9 partial responses (PR). In this cohort, the ORR was 80% among 10 patients with extramedullary disease (EMD) and 77.8% among 9 patients previously treated with -BCMA- and/or GPRC5D-directed therapies. Among patients who achieved complete response or better the minimal residual disease (MRD) negativity rate was 100% (n=4), as assessed by validated next generation sequencing, with a threshold of 10-5, performed at a central laboratory.
- All cases of cytokine release syndrome (CRS) were Grade 1-2, with only 2 cases of Grade 1-2 immune effector cell-associated neurotoxicity syndrome (ICANS) reported. Most treatment-emergent adverse events (TEAEs) related to GPRC5D targeting, including those affecting the oral cavity, skin, and nails, were Grade 1–2, with two patients experiencing Grade 3 rash.
Dr. Hui Zhou, President of Fortvita Biologics, stated, “IBI3003 monotherapy has demonstrated encouraging efficacy and a favorable safety profile in R/R MM patients who have received three or more prior lines of therapy. Notably, meaningful clinical activity was observed even in high-risk patients with extramedullary disease and/or those previously treated with anti-BCMA and/or GPRC5D-targeted therapies, highlighting IBI3003’s potential to address key unmet needs, such as treatment resistance and extramedullary involvement. Its overall manageable safety profile further supports continued investigation and the potential for durable survival benefit. The Fast Track Designation granted by the U.S. FDA marks another an important milestone in the global development of IBI3003, and we look forward to further evaluating its potential to benefit patients worldwide.”
Fast Track Designation is intended to facilitate the development and expedite the review of drugs that treat serious conditions and address unmet medical needs. Programs granted FTD benefit from more frequent interactions with the FDA, which may accelerate clinical development and approval processes.
About IBI3003 (Anti-GPRC5D/BCMA/CD3 Trispecific Antibody)
IBI3003 is a trispecific T-cell engager developed using Innovent’s proprietary Sanbody® platform, to simultaneously target GPRC5D and BCMA. The molecule is designed to mitigate tumor escape associated with single-antigen targeting. In preclinical studies, IBI3003 demonstrated superior in vitro and in vivo antitumor activity compared with marketed benchmark T-cell engagers, including in cell lines and xenograft models with low BCMA and GPRC5D expression. A Phase 1/2 clinical trial (NCT06083207) is ongoing in China and Australia. In December 2025, IBI3003 received IND approval from the U.S. FDA, enabling initiation of a Phase 1/2 clinical trial in the United States.
About Multiple Myeloma
Multiple myeloma (MM) is a malignant hematologic disease characterized by the clonal proliferation of plasma cells and is the second most common hematologic malignancy [1]. MM remains incurable, and factors such as inadequate depth of response, extramedullary involvement, and short remission duration are associated with poor prognoses [2]. For patients with R/R MM who have received four or more prior lines of therapy, including exposure to PIs, IMiDs, and anti-CD38 antibodies, treatment options include, but are not limited to, BCMA-targeted CAR-T therapies and bispecific antibodies targeting CD3×BCMA or CD3×GPRC5D [1]. However, the benefit of these approaches may be limited by antigen loss and treatment resistance [3].
About Fortvita Biologics
Fortvita Biologics is a San Francisco Bay Area-based biopharmaceutical company and a subsidiary of Innovent Biologics, developing next-generation biologics to address critical unmet medical needs. The company has a foundation in oncology and is expanding into cardiovascular and metabolic diseases, immunology, and ophthalmology. Fortvita’s capabilities span antibody discovery and engineering, including monoclonal, bispecific, and polyspecific antibodies, as well as antibody-drug conjugates and fusion molecules. With a growing clinical development footprint across the U.S., Australia, and key regions in APAC and Europe, Fortvita brings a global perspective and disciplined approach to advancing innovative therapies for patients worldwide.
Forward-looking statements
This news release may contain certain forward-looking statements regarding Fortvita Biologics (“Fortvita”) that are, by their nature, subject to significant risks and uncertainties. The words “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to Fortvita, are intended to identify certain of such forward-looking statements. Fortvita does not intend to update these forward-looking statements regularly.
These forward-looking statements are based on current beliefs, assumptions, expectations, estimates, projections, and understandings of Fortvita’s management with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond Fortvita’s control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements due to factors including, but not limited to, the timing, progress, and results of clinical trials, regulatory approvals, manufacturing capabilities, competition, and changes in political, economic, legal, and social conditions.
Fortvita, its Directors and employees assume (a) no obligation to correct or update any forward-looking statements contained in this release, and (b) no liability in the event that any of the forward-looking statements do not materialize or turn out to be incorrect.
Contact
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References:
[1] Wang S, Xu L, Feng J, et al. Prevalence and Incidence of Multiple Myeloma in Urban Area in China: A National Population-Based Analysis. Front. Oncol. 2019;9:1513.
[2] Chinese Hematology Association, Chinese Society of Hematology. [Guidelines for the diagnosis and management of multiple myeloma in China (2022 revision)]. Zhonghua Nei Ke Za Zhi. 2022;61(5):480-487.
[3] Li C, Wang D, Song Y, et al. CT103A, a novel fully human BCMA-targeting CAR-T cells, in patients with relapsed/refractory multiple myeloma: Updated results of phase 1b/2 study (FUMANBA-1). J. Clin. Oncol. 2023;41(16_suppl):8025-8025.