Key Inclusion Criteria:

1. HR-MGUS or NHR-SMM as defined in the protocol

2. Eastern Cooperative Oncology Group (ECOG) performance status ≤1

3. Adequate hematologic and hepatic function, as described in the protocol

4. Estimated glomerular filtration rate (GFR) ≥30 mL/min/1.73 m^2 by the Modification
of Diet in Renal Disease (MDRD) equation

Key Exclusion Criteria:

1. High-risk SMM, as defined in the protocol

2. Evidence of any of myeloma-defining events, as described in the protocol

3. Diagnosis of systemic light-chain amyloidosis, Waldenström macroglobulinemia
(lymphoplasmacytic lymphoma), solitary plasmacytoma, or symptomatic MM

4. Clinically significant cardiac or vascular disease within 3 months of study
enrollment, as described in the protocol

5. Any infection requiring hospitalization or treatment with intravenous (IV)
anti-infectives within 28 days of the first dose of linvoseltamab

6. Uncontrolled Human Immunodeficiency Virus (HIV), Hepatitis B Virus (HBV), or
Hepatitis C Virus (HCV) infection; or other uncontrolled infection or unexplained
signs of infection, as described in the protocol

NOTE: Other protocol defined inclusion/exclusion criteria apply