Oncopeptides AB (publ) announced its decision to opt to abandon the application process to allow Pepaxti access to earlier lines of treatment for patients with relapsed, refractory multiple myeloma (RRMM), a so-called type II variation. The decision follows an updated, comprehensive analysis of the current landscape for treatment of multiple myeloma and is made to optimize value for both patients and shareholders. The decision does not impact the company's financial projections or the estimated market potential of Pepaxti negatively.

In its analysis, Oncopeptides has concluded that the highest value for both patients and shareholders lies in the current indication, due to a high unmet medical need, a fair price reflecting the innovation of Pepaxti and fewer alternative treatments. The company assesses that this decision does not negatively affect the previously communicated market potential for Pepaxti in Europe (i.e. >1.5 billion SEK), or when the company can expect to be cash flow positive.