Objective: Assess the potential risk of PML with fingolimod in patients with Multiple Sclerosis (MS). Background A rare but serious risk of natalizumab treatment is progressive multifocal leukoencephalopathy (PML), with an overall incidence of 1.8/1000, rising to 3.4/1000 for patients with exposure of ≥24 months and who are positive for antibodies to JCV (JCV Ab+ve). As fingolimod is also an immuno-modulating therapy, questions arise about the potential risk for PML with fingolimod. Design/Methods: The fingolimod safety database was explored for confirmed PML cases. Given that duration of therapy increases PML risk with natalizumab, we evaluated risk in patients with at least 24 months fingolimod exposure. CIs were calculated based on the Exact (Clopper-Pearson) formula. Results: As of Aug 2011 >25,000 patients (>20,000 pt-yrs) have been treated with fingolimod. No PML case has been reported with fingolimod (incidence 0/1,000, 95%CI; 0-0.15/1,000, vs. 1.8/1,000, 95%CI 1.6-2.1 for natalizumab) 1 . There have been 2,300 patients with > 24 months of fingolimod (incidence 0/1,000 (95%CI 0-1.6) vs. 3.4/1,000 (95%CI, 2.8-4.0) for natalizumab >24months). Assuming a single case did occur in long-term patients, incidence would be 0.4/1,000 (95%CI 0.01-2.4) vs. 3.4/1,000. Assuming 50% of fingolimod patients (n=1150) are JCV Ab+ve, incidence is 0/1000 (95%CI; 0-3.2) vs. 2.8 (2.0/3.8) or 8.1 (5.4/11.6) 2 for those natalizumab patients without/with, respectively, prior immunosuppressant use and positive for JCV Ab and with >24-month-exposure. Assuming a PML risk 5-fold less for fingolimod than for natalizumab, no cases of PML would occur with only ∼20% probability. Conclusions: The absence of cases of PML with fingolimod (Aug 2011) suggests an important difference in mechanism of action between fingolimod and natalizumab exists regarding risk for PML. Assuming a case occurred subsequently on fingolimod, the risk of PML would nevertheless be several-fold less than with natalizumab. 1. Tysabri PML Monthly Update, Oct 2011. 2.Kappos et al Lancet Neurol 2011. Supported by: Novartis Inc. Disclosure: Dr. Francis has received personal compensation for activities with Novartis as an employee. Dr. Francis holds stock and/or stock options in Novartis, which sponsored research in which Dr. Francis was involved as an investigator. Dr. Dahlke has received personal compensation for activities with Novartis Pharma AG as an employee. Dr. von Rosenstiel has received personal compensation for activities with Novartis Pharma AG. Dr. von Rosenstiel holds stock and/or stock options in Novartis Pharma AG, which sponsored research in which Dr. von Rosenstiel was involved as an investigator. Dr. Sfikas has received personal compensation for activities with Novartis as an employee.