%0 Journal Article %T Smoldering Multiple Myeloma: Observation Versus Control Versus Cure. %A Rajkumar SV %A Bergsagel PL %A Kumar S %J Hematol Oncol Clin North Am %V 38 %N 2 %D 2024 Apr 28 %M 38158241 %F 2.861 %R 10.1016/j.hoc.2023.12.001 %X Smoldering multiple myeloma (SMM) is an intermediate clinical stage in the spectrum of monoclonal plasma cell disorders. It represents a heterogeneous clinically defined condition in which some patients (approximately 50%) have monoclonal gammopathy of undetermined significance (premalignancy), and some (approximately 50%) have multiple myeloma (biologic malignancy). Using specific prognostic factors, patients with SMM, in whom malignant transformation has already likely occurred, can be identified. These patients are considered to have high-risk SMM. Patients with newly diagnosed high-risk SMM are candidates for early intervention with lenalidomide or lenalidomide plus dexamethasone for 2 years, or enrollment in clinical trials.