Inclusion Criteria:

- Must be able to comply with the protocol requirements.

- Must voluntary sign the informed consent before performance of any study-related
procedure not part of normal medical care, with the understanding it can be withdrawn
at any time without prejudice to future medical care.

- Age > 65 years.

- Patient recently diagnosed with symptomatic Multiple Myeloma based on standard
criteria28 and that has not received any previous chemotherapy treatment for Multiple
Myeloma Some steroid doses or bisphosphonates are allowed for emergencies before
starting induction treatment.

- Patient has measurable disease, defined as follows:

For secretory multiple myeloma, measurable disease is defined as any quantifiable serum
monoclonal protein value and, where applicable, urine light-chain excretion of ≥ 200 mg/24
hours.

- Patient has a ECOG performance status < 2

- Patient has a life-expectancy >3 months.

- Patient has the following laboratory values before beginning induction treatment:

Platelet count ≥ 50000/mm3, hemoglobin ≥ 8 g/dl and absolute neutrophil count ≥ 1000/mm3.
Lower values are allowed if they are due to marrow infiltration.

Corrected serum calcium <14mg/dl. Aspartate transaminase (AST): ≤ 2.5 x the upper limit of
normal. Alanine transaminase (ALT): ): ≤ 2.5 x the upper limit of normal. Total bilirubin:
≤1.5 x the upper limit of normal. Serum creatinine ≤ 2 mg/dl.

Exclusion Criteria:

- Patients previously received treatment to Multiple Myeloma, except steroids doses for
urgency or bisphosphonates.

- Non-secretor Myeloma

- Patients with < Grade 2 peripheral neuropathy within 14 days before enrolment.

- Patient had major surgery within 4 weeks before enrolment.

- Patient has hypersensitivity to bortezomib, boron or mannitol.

- Patient has received other investigational drugs within 30 days before enrolment.

- Patient is known to be seropositive for the human immunodeficiency virus (HIV),
Hepatitis B surface antigen-positive or active hepatitis C infection.

- Patient had a myocardial infarction within 6 months of enrollment or has New York
Heart Association (NYHA) Class III or IV heart failure, uncontrolled angina, severe
uncontrolled ventricular arrhythmias, or electrocardiographic evidence of acute
ischemia or active conduction system abnormalities.

- Patient is enrolled in another clinical research study and/or is receiving an
investigational agent for any reason.