Immune Checkpoint Inhibitor-Based Downstaging Therapy for HCC Beyond the Milan Criteria: A Multicentre, Retrospective, Matched Cohort Study on Post-Liver Transplant Outcomes
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Abstract
Introduction: The role of immune checkpoint inhibitor (ICI)-based downstaging before liver transplantation (LT) for hepatocellular carcinoma (HCC) beyond the Milan criteria remains uncertain, particularly regarding post-transplant oncologic benefit versus rejection risk.
Methods: We conducted a multicentre retrospective cohort study across eight high-volume centres in China, including adults with HCC beyond the Milan criteria who received downstaging therapy and ultimately underwent LT between 2019 and 2024. Patients were classified according to pretransplant ICI exposure. Propensity score matching generated 231 patients per group. Primary endpoints were overall survival (OS) and recurrence-free survival (RFS). Secondary endpoints included radiologic response by mRECIST, successful downstaging to within the Milan criteria, pathological response, acute rejection, and post-transplant recurrence.
Results: Compared with the non-ICI group, the ICI group achieved higher objective response rate (47.6% vs 20.8%), disease control rate (91.8% vs 80.1%), successful downstaging to within the Milan criteria (14.3% vs 8.2%), pathological complete response (2.6% vs 0%), and major pathological response (28.6% vs 19.0%). Acute rejection was more frequent after ICI exposure (16.0% vs 7.8%, p = 0.006). Despite this, the ICI group had superior post-transplant outcomes, including improved RFS (HR 1.38, 95% CI 1.03-1.84; p=0.033), lower recurrence risk (sHR 1.46, 95% CI 1.09-1.94; p = 0.011), and better OS (HR 1.45, 95% CI 1.03-2.04; p = 0.034). In multivariable analyses, non-ICI treatment remained independently associated with worse RFS, worse OS, and higher recurrence risk. Benefit appeared more pronounced in patients with AFP > 400 ng/mL and tumour number > 3.
Conclusion: In patients with HCC beyond the Milan criteria who ultimately underwent LT, pretransplant ICI-based multimodal downstaging was associated with improved tumour response and more favourable post-transplant oncologic outcomes, despite increased acute rejection. These findings support carefully selected use of ICI-based downstaging, particularly in patients with high-risk tumour biology.

