High-Cost Therapy Profile: January 2026
Sasanlimab Subcutaneous (SC) | Pfizer
Proposed indications
Non-muscle invasive bladder cancer (NMIBC)
FDA approval timeline
March to May 2026
- Standard Review
Place in therapy
Sasanlimab is a humanized immunoglobulin G4 (IgG4) monoclonal antibody that binds to programmed cell death 1 (PD-1), an immune checkpoint receptor expressed on T cells and other immune cells (dendritic cells, natural killer cells, macrophages, B cells), blocking its interaction with programmed cell death ligand 1 (PD-L1) and PD-L2, allowing T cells to attack cancer cells.
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If approved, sasanlimab in combination with intravesical Bacille Calmette-Guérin (BCG) will be a potential first-line immunotherapy option for BCG-naïve, high-risk NMIBC.
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Sasanlimab in combination with BCG (induction and maintenance), resulted in clinically and statistically significant improvement in event-free survival (EFS) in BCG-naïve, high-risk NMIBC compared to standard of care with BCG alone (induction and maintenance), potentially redefining this space, especially for patients with carcinoma in-situ (CIS) or T1 tumors.
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Its SC delivery given once every four weeks may offer a more convenient delivery option with broader access for use in urology clinics, differing from intravenous (IV) infusions for other anti-PD-1 therapies.
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Sasanlimab is also being evaluated with other novel combinations in renal cell carcinoma (RCC), including papillary RCC and other metastatic solid tumors.
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If approved, sasanlimab will compete with pembrolizumab (Keytruda) which is approved for BCG-unresponsive NMIBC and is also being evaluated in KEYNOTE-676, in combination with BCG, for BCG-naïve, high-risk NMIBC or with persistent or recurrent high-risk NMIBC following BCG induction.
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Durvalumab (Imfinzi) plus BCG for induction and maintenance is also being studied in BCG-naïve, high-risk NMIBC in Phase 3 POTOMAC trial, and if approved, will compete with similar results in risk reduction and disease progression.
Understanding your data
Sasanlimab, an anti-PD-1 monoclonal antibody, targets and binds to the PD-1 receptor found on T cells and other immune cells. It blocks PD-1 from binding to PD-L1 and PD-L2 thus allowing T cells to attack cancer cells. When sasanlimab is combined with BCG (induction and maintenance), it improves EFS in patients with BCG naïve, high-risk NMIBC compared with BCG alone for induction and maintenance. Studies evaluating sasanlimab in bladder cancer include the following:
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NCT04165317 CREST: A Phase 3, multinational, randomized, open-label, three parallel-arm study of PF-06801591, an anti-PD-1 antibody, in combination with BCG (BCG induction with or without BCG maintenance) versus BCG (induction and maintenance) in participants with BCG-naïve, high-risk NMIBC or PF-06801591 as a single agent in participants with BCG-unresponsive NMIBC.
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NCT04181788: A Phase 1b/2 open-label study to evaluate pharmacokinetics, safety, efficacy and pharmacodynamics of PF-06801591 (PD-1 Inhibitor) in participants with advanced malignancies.
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NCT06974734: An open-label Phase 1 study to evaluate PF-08046037 as monotherapy and part of combination therapy in participants with advanced malignancies.
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NCT02573259: A Phase 1, open-label, dose escalation and expansion study of PF-06801591 in patients with locally advanced or metastatic melanoma, squamous cell head and neck cancer, ovarian cancer, sarcoma, non-small cell lung cancer, urothelial carcinoma or other solid tumors.
Identification of patients would reflect the clinical trials criteria listed in the studies above, as well as diagnosis codes identified from claims data requiring among others:
Common Measurable Inclusion Criteria:
- Diagnosis of non-muscle invasive TCC of the urothelium of the urinary bladder. Age ≥ 18 years
Common Measurable Exclusion Criteria:
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Intravesical BCG therapy within 2 years.
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Pregnancy or lactating.
Appendix
| Category | Procedure codes |
|---|---|
| NMIBC | International Classification of Diseases, Tenth Revision (ICD-10): D41.4, D09.0 |
| TURBT | Current Procedural Terminology (CPT): 52234, 52235, 52240, 52224 |
| Intravesical BCG therapy | CPT: 90586 Healthcare Common Procedure Coding System (HCPCS): J9030 |
| Pregnancy or lactation | ICD-10: Z34.00, Z34.8, Z34.90, Z33.1, O09.00, O09.10, O09.291, O09.40, O09.211, O09.30, O09.511, O09.521, O09.611, O09.621, O09.819, O09.821, O09.822, O09.823, O09.829, O36.80x0, O09.891, O09.892, O09.893, O09.899, Z39.0, Z39.1, Z39.2, Z36, Z37, Z37.1, Z37.2, Z37.3, Z37.4, Z37.59, Z37.69, Z37.7, Z37.9, Z64.0, Z32.01, O30.009, O30.019, O30.039, O30.049, O30.099, O30.109, O30.119, O30.129, O30.199, O30.209, O30.219, O30.229, O30.299, O30.809, O30.819, O30.829, O30.899, O20.0, O44.01, O44.02, O44.03, O10.011, O10.012, O10.013, O10.02, O10.911, O10.912, O10.913, O10.92, O10.03, O21.0, O60.12X0, O60.13X0, O60.14X0, O48.0, O31.01X0, O31.02X0, O31.03X0, O98.111, O98.112, O98.113, O98.12, O98.13, O24.32, O24.911, O24.912, O24.913, O24.92, O24.93, O99.331, O99.332, O99.333, O99.334, O99.335, O80, O30.001, O30.002, O30.003, O32.0XX0, O33.0, O34.01, O34.02, O34.03, O34.01, O34.02, O34.03, O35.0XX0, O43.011, O36.0110, O36.0120, O36.0130, O36.0910, O36.0920, O36.0930, O36.1110, O36.1120, O36.1130, O36.1910, O36.1920, O36.1930, O68, O36.5110, O36.5120, O36.5130, O36.5910, O36.5920, O36.5930, O36.61X0, O36.62X0, O36.63X0, O43.101, O43.102, O43.103, O43.811, O43.812, O43.813, O43.91, O43.92, O43.93, O36.8910, O36.8920, O36.8930, O68, O77.0, O36.91X0, O36.92X0, O36.93X0, O40.1XX0, O40.2XX0, O40.3XX0, O41.01X0, O41.02X0, O41.03X0, O61.1, O64.9XX0, O62.0, O63.0, O70.0, O71.02, O71.03, O72.0, O43.211, O43.212, O43.213, O43.221, O43.222, O43.231, O43.232, O43.233, O73, O74.1, O89.09, O75.0, O86.89, O22.01, O22.02, O22.03, O87.4, O86.4, O88.011, O88.012, O88.013, O88.02, O88.03, O99.411, O99.412, O99.413, O99.42, O99.43, O91.011, O91.012, O91.013, O91.02, O92.011, O92.012, O92.013,O92.03, O35.8XX0, O36.8210, O36.8220, O36.8230, O75.89, Z37.0, Z37.2, Z37.3, Z37.59, Z37.69, O86.12, O85, O86.81, O86.89 |
Clinical deep dive
Bladder cancer is a common type of cancer that starts in the cells of the bladder, most often in the urothelial cells that line the inside of the bladder. The cells develop mutations in their deoxyribonucleic acid (DNA) that cause the cells to grow out of control. Types of bladder cancer include urothelial (most common), squamous cell, adenocarcinoma and small cell carcinoma. Bladder cancer can be described as non-muscle invasive (most common in 75% of cases) and muscle invasive. Bladder cancer is also classified based on appearance under microscope, low-grade (grows more slowly and less likely to invade the muscle wall) and high-grade (grows more aggressively and more likely to spread to the muscle wall). It can also be described based on stages of disease or the extent of cancer, such as tumor size or how far it has spread. Smoking is a major risk factor for developing bladder cancer.
In 2022, it was estimated that there were 744,039 people living with bladder cancer in the US. About 84,870 new cases of bladder cancer are expected to be diagnosed in 2025. Bladder cancer is highest among older adults, with the average age of diagnosis around 73 years of age. Bladder cancer is more common in men. It is estimated that half of bladder cancer cases are carcinoma in situ (only in originating layer of cells) at diagnosis which have a 5-year relative survival of 97.9%. About 34% of bladder cancer cases are localized and confined to the primary site at diagnosis and have a 5-year relative survival of 72.6%.
The National Comprehensive Cancer Network (NCCN) guidelines version 3.2025 for bladder cancer recommends intravesical therapy following TURBT for treatment for bladder cancer to reduce the risk of recurrence or delay disease from progressing to a higher grade or stage. Intravesical chemotherapy with gemcitabine (preferred) and mitomycin are both category 1 and are recommended for immediate use after TURBT, ideally within 6 hours of the procedure but a single instillation should be administered within 24 hours of the surgery.
In BCG-naïve, high-risk NMIBC with very-high risk features, cystectomy is preferred or BCG (induction and maintenance), initiated 3 to 4 weeks post TURBT, both category 2A recommendations. For patients with no very-high risk features, BCG is preferred (category 1) or cystectomy (category 2A). Although BCG induction and maintenance is standard of care in BCG naïve, high-risk NMIBC, disease recurrence or disease progression occurs in about 40% of patients at 2 years and has unfavorable prognosis. The induction regimen consists of weekly instillations of BCG for 6 weeks followed by maintenance therapy. While there is no standard maintenance regimen, most follow the Southwest Oncology Group (SWOG) protocol which recommends 3 weekly doses of BCG at 3, 6, 12, 18, 24, 30 and 36 months. Treatment length varies based on patient response and is recommended for up to 3 years in BCG naïve, high-risk NMIBC.
Drug and clinical trial overview
Sasanlimab was studied in CREST, a global randomized (1:1:1), open-label, Phase 3 study (n=1,055) in BCG-naïve, high-risk NMIBC, with two cohorts. Cohort A has three arms, Arm A; sasanlimab plus BCG (induction and maintenance); Arm B: sasanlimab plus BCG (induction only); Arm C: BCG alone (induction and maintenance). Patients received sasanlimab 300 mg every 4 weeks for up to 25 cycles via SC administration in combination with intravesical BCG (induction and maintenance). The primary endpoint was Event-Free Survival (EFS) (defined as time from randomization to recurrence of high-grade disease, progression of disease, persistence of CIS (if present at randomization) or death due to any cause, for Arm A compared to Arm C, as assessed by the investigator. Results demonstrated that Arm A significantly improved EFS compared to Arm C, with a hazard ratio (HR) of 0.68 showing a 32% reduction in risk of disease related events, including high-grade disease recurrence or progression. Median EFS was not reached in either arm; however, 36-month EFS probability was 82.1% with Arm A compared to 74.8% with Arm C. The results demonstrated EFS benefit for Arm A compared with Arm C in prespecified subgroups, including CIS and T1 group. In higher risk disease, HR was 0.63 for T1 disease and 0.53 for CIS. Complete response achieved, at any time was 89.8% with Arm A compared to 85.2% with Arm C. In CIS responders, the probability of remaining in complete response at 36 months was 91.7% in Arm A compared with 67.7% with Arm C.
Key secondary endpoints were EFS and overall survival (OS) in Arm B compared with Arm C which was not significantly different. The median OS had not been reached at the time of final analysis, there was no difference between arms, and the median follow-up was 40.9 months for OS. Cohort B (two arms): Arm B1, BCG unresponsive CIS or Arm B2, BCG unresponsive papillary only disease, was discontinued and not for safety reasons.
No new safety signals were observed with sasanlimab in combination with BCG. Adverse events were manageable and found to be comparable with PD-1/PD-L1 inhibitors and BCG. Most adverse events were Grade 1 or 2, and treatment related adverse events Grade ≥3 in arm A occurred in 29.1% compared with 21.8% in Arm B and 6.3% in Arm C. While no treatment-related deaths occurred in Arms A or C, two occurred in Arm B (bacterial pneumonia and myocarditis, one each). The most common adverse events were dysuria, pollakiuria, hematuria, urinary tract infection, hypothyroidism and increases in lipase and amylase levels.
Pipeline (late-stage development)
| Name | Manufacturer | Route of administration | Mechanism of action | Proposed / studied indication | Status |
|---|---|---|---|---|---|
| Durvalumab (Imfinzi) regimen | AstraZeneca | IV | PD-L1 blocking antibody | BCG-naïve, high-risk NMIBC | Phase 3 |
| Gemcitabine and Docetaxel | TBD | Intravesical | Intravesical chemotherapy | BCG-naïve, high-risk NMIBC | Phase 2 |
| Pembrolizumab (Keytruda) regimen | Merck | IV | PD-1 blocking antibody | BCG-naïve, high-risk NMIBC | Phase 3 |
The information provided has been developed based on available information as of Jan. 12, 2026. This therapy is NOT FDA approved, and content may change as more information becomes available. Caution should be used when developing formulary and utilization management strategies.
The information contained in this report is intended for educational purposes only and is not intended to define a standard of care or exclusive course of treatment, nor be a substitute for treatment.
All brand names are property of their respective owners.
References
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Bedke J, Shore N, Powles TB, et al. Immune-mediated adverse events (imAEs) associated with sasanlimab in combination with Bacillus Calmette-Guérin (BCG): Phase 3 study (CREST). Abstract poster 3078P. Available at: https://www.pfizeroncologydevelopment.com/sites/default/files/scientific_presentation/ESMO_CREST_Safety_Pr.pdf. Accessed December 29, 2025.
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Bladder cancer overview. Available at: https://www.mayoclinic.org/diseases-conditions/bladder-cancer/symptoms-causes/syc-20356104#:~:text=Bladder%20cancer%20is%20a%20common,more%20common%20in%20the%20bladder. Accessed December 19, 2025.
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Cancer Stat Facts: Bladder cancer. Surveillance, Epidemiology, and End Results Program. National Cancer Institute. Available at: https://seer.cancer.gov/statfacts/html/urinb.html. Accessed December 19, 2025.
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ClinicalTrials.gov. NCT04165317 CREST: A Phase 3, multinational, randomized, open-label, three parallel-arm study of PF-06801591, an anti-PD-1 antibody, in combination with Bacillus Calmette-Guérin (BCG induction with or without BCG maintenance) versus BCG (induction and maintenance) in participants with high-risk, BCG-naïve non-muscle invasive bladder cancer or PF-06801591 as a single agent in participants with BCG-unresponsive NMIBC. https://clinicaltrials.gov/study/NCT04165317?intr=Sasanlimab&rank=11.
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ClinicalTrials.gov. NCT04181788: A Phase 1b/2 open-label study to evaluate pharmacokinetics, safety, efficacy, and pharmacodynamics of PF-06801591 (PD-1 Inhibitor) in participants with advanced malignancies. https://clinicaltrials.gov/study/NCT04181788.
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ClinicalTrials.gov. NCT06974734: An open-label Phase 1 study to evaluate PF-08046037 as monotherapy and part of combination therapy in participants with advanced malignancies. https://clinicaltrials.gov/study/NCT06974734?intr=NCT06974734&rank=1.
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ClinicalTrials.gov. NCT05671900: The efficacy of sequential intravesical gemcitabine and docetaxel therapy (GEM/DOCE) in high-risk BCG-naive patients with non-muscle invasive bladder cancer (NMIBC). https://clinicaltrials.gov/study/NCT05671900?cond=bcg-naive,%20high-risk%20nmibc&rank=1.
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ClinicalTrials.gov. NCT03711032: A Phase 3, randomized, comparator-controlled clinical trial to study the efficacy and safety of pembrolizumab (MK-3475) in combination with Bacillus Calmette-Guérin (BCG) in participants with high-risk non-muscle invasive bladder cancer (HR NMIBC) that is either persistent or recurrent following BCG induction or that is naïve to BCG treatment (KEYNOTE-676). https://clinicaltrials.gov/study/NCT03711032?cond=NMIBC&intr=pembrolizumab&rank=2.
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ClinicalTrials.gov. NCT03528694: A Phase III randomized, open-label, multi-center, global study of durvalumab and Bacillus Calmette- Guérin (BCG) administered as combination therapy versus BCG alone in high-risk, BCG naïve non-muscle invasive bladder cancer patients. https://clinicaltrials.gov/study/NCT03528694?intr=NCT03528694&rank=1.
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ClinicalTrials.gov. NCT02573259: A Phase 1, open-label, dose escalation and expansion study of PF-06801591 in patients with locally advanced or metastatic melanoma, squamous cell head and neck cancer, ovarian cancer, sarcoma, non-small cell lung cancer, urothelial carcinoma or other solid tumors. https://clinicaltrials.gov/study/NCT02573259?intr=NCT02573259&rank=1.
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Flaherty C. Sasanlimab plus BCG emerges as a potential option for high-risk NMIBC despite predictive challenges. August 20, 2025. Available at: Sasanlimab Plus BCG Emerges as a Potential Option for High-Risk NMIBC Despite Predictive Challenges. Accessed December 19, 2025.
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Key statistics for bladder cancer. American Cancer Society. Available at: https://www.cancer.org/cancer/types/bladder-cancer/about/key-statistics.html#:~:text=bladder%20cancer%20deaths-,How%20common%20is%20bladder%20cancer?,men%20and%2019%2C790%20in%20women). Accessed December 19, 2025.
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Referenced with permission from the NCCN Clinical Practice Guidelines in Oncology: Bladder Cancer, Version 3.2025. Accessed December 19, 2025. To view the most recent and complete version of the guideline, go online to https://www.nccn.org.
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Pfizer’s sasanlimab combination significantly improves event-free survival in BCG-naïve, high-risk non-muscle invasive bladder cancer. April 26, 2025. Available at: https://www.pfizer.com/news/press-release/press-release-detail/pfizers-sasanlimab-combination-significantly-improves-event. Accessed December 19, 2025.
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Pfizer’s sasanlimab in combination with BCG improves event-free survival in patients with BCG-naïve, high-risk non-muscle invasive bladder cancer. January 10, 2025. Available at: https://www.pfizer.com/news/press-release/press-release-detail/pfizers-sasanlimab-combination-bcg-improves-event-free. Accessed December 19, 2025.
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Sasanlimab overview and rationale. Updated August 5, 2025. Available at: https://www.pfizeroncologydevelopment.com/molecule/sasanlimab. Accesses December 29, 2025.
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Shore ND, Powles TB, Bedke J, et al. Sasanlimab plus BCG in BCG-naive, high-risk non-muscle invasive bladder cancer: the randomized phase 3 CREST trial. Nat Med. 2025. Aug;31(8):2806–2814. DOI: 10.1038/s41591-025-03894-2.