Independent Market Access and Reimbursement Risk Assessment.

Built by former payers, HTA reviewers, and Industry Experts. 

Isatuximab / sarclisa for untreated multiple myeloma when a stem cell transplant is unsuitable

As of September 2025, MARA’s assessment finds Isatuximab / Sarclisa’s reimbursement risk concentrated in quality of life, with care pathway integration a strength; the current MARA Rating and full rationale are available in the report.

The assessment also weighs comparator selection: whether the drug was tested against the treatment payers actually fund today; a benefit shown against the wrong comparator carries little weight in a reimbursement decision. The strength recorded in care pathway integration carries weight because that domain asks how the drug fits into the way care is organised today; a treatment that demands new infrastructure or displaces an established pathway faces extra scrutiny.

Oncology

This rating sits within MARA’s Oncology coverage, alongside 153 other independently assessed treatments in the same area.

What payers will ask

Is the clinical benefit the kind payers reward? — Clinical effectiveness

The clinical evidence from the IMROZ trial indicates a moderate benefit of isatuximab in combination with bortezomib, lenalidomide, and dexamethasone over the comparator bortezomib, lenalidomide, and dexamethasone, with a hazard ratio of 0.596 for progression-free survival. However, the overall survival data is not statistically significant, indicating that while there is some evidence of benefit, it is not compelling enough to warrant a higher rating.

Does the economic case hold at the expected price? — Cost effectiveness

The cost-effectiveness estimates for isatuximab are within the acceptable range that NICE considers for NHS resources, specifically towards the lower end of £20,000 to £30,000 per QALY gained. This suggests that the therapy is likely to be cost-effective given the benefits it provides.

Is there quality-of-life evidence payers weigh? — Quality of life

The document indicates that the treatment may have a positive impact on quality of life, but there is insufficient robust data on HRQoL outcomes specifically associated with isatuximab. The committee noted that the utility values used in the economic model were derived from older studies and may not reflect current treatment pathways, leading to uncertainty about the actual HRQoL benefits.

Does the safety profile hold up for payers? — Safety and Adverse Effects

The safety profile of isatuximab is reported to be very good, with mostly mild to moderate adverse events. The committee noted that the adverse events associated with isatuximab are manageable and comparable to existing therapies, indicating a favorable safety profile.

Was the drug compared against what payers expect? — Comparator Selection

While the primary comparator, daratumumab plus lenalidomide and dexamethasone, is relevant, the lack of direct head-to-head trials raises concerns. The evidence relies on indirect comparisons, which introduces uncertainty regarding the robustness of the findings.

Is the population defined the way payers need it? — Patient Population and Subgroups

The IMROZ trial population is generally representative of the intended patient population in the NHS, although it was noted that the average age was younger than typical NHS patients. The committee concluded that the trial results are likely generalizable to the NHS setting.

Does the drug fit how care is delivered and paid for? — Care Pathway Integration

Isatuximab can be integrated into existing treatment pathways with minor adjustments. The committee noted that the treatment fits well within the current standard of care for patients who are ineligible for stem cell transplant, requiring no significant changes to infrastructure.

Are the wider system costs understood? — Resource Use and Cost Implications

The budget impact of isatuximab is manageable, and the economic model indicates that the resource use aligns with the expected benefits. The committee concluded that the treatment is likely to be resource-efficient within the NHS context.

Would the evidence survive payer scrutiny? — Evidence Quality and Robustness

The evidence base is supported by a Phase 3 RCT (IMROZ) with a reasonable sample size and follow-up duration. However, there are some concerns regarding the maturity of the data and the reliance on indirect comparisons, which introduces some uncertainty.

How exposed is the case to uncertainty? — Uncertainty, Sensitivity, and Broader Impacts

There are notable uncertainties regarding the overall survival benefit and the robustness of the economic model due to the reliance on indirect comparisons and assumptions made in the analysis. The committee expressed concerns about the implications of these uncertainties on the decision-making process.

Be alerted when this rating changes:

Sample two-page MARA Rating report for the fictional drug Samplinib: the rating with its decision record, and the ten graded payer questions with the reasoning behind each
Every MARA rating is delivered as a two-page reasoned report (sample, fictional product) — see it in full
Full Legal Disclaimer and Usage Terms

The MARA Rating® is an independent opinion of a drug’s market access pharma risk profile and is provided for informational purposes only—not as investment, medical, legal or any other type of advice. See our full disclaimer here.