Roche obesity drug produces 15.5% weight loss in mid-stage trial

Roche’s experimental obesity treatment delivered 15.5% average weight loss in 48 weeks, putting the Basel-based pharmaceutical group closer to the front line of the global weight loss drug race. Enicepatide, administered once a week, produced the result in overweight or obese people with type 2 diabetes who received the highest 24 milligram dose in a mid-stage clinical trial.

The same group recorded a 2.65% reduction in HbA1c, the blood sugar measure used to assess diabetes control. Roche said about 62% of participants reached the normal glycemic range during the study. The company also reported that no weight loss plateau had emerged by the 48 week mark.

The findings arrive as Eli Lilly and Novo Nordisk dominate a fast-growing market that analysts estimate could eventually be worth up to $150 billion worldwide. Roche shares slipped 0.19% in Zurich after the results, a modest market response that reflects both the promise of the data and the remaining clinical risks.

The results come from a Phase 2 study, however. Analysts said Roche must provide detailed placebo-adjusted figures and reproduce the benefit in larger Phase 3 trials before investors can judge how strongly enicepatide can compete with established medicines.

The 24 milligram dose combined substantial weight loss with sharper blood sugar control. Roche said patients in that group lost an average of 15.5% of their body weight after 48 weeks and reduced HbA1c by 2.65%. Researchers also observed no plateau in weight reduction during the study period, a detail that may shape the design of the company's next trials.

Enicepatide works by activating two hormones involved in metabolism, GLP-1 and GIP. That mechanism resembles Eli Lilly’s Zepbound, giving Roche a familiar biological route into a market already shaped by weekly injectable treatments. The medicine was previously known as CT-388 and originated at Carmot Therapeutics, which Roche bought for $3.1 billion in 2023.

Manu Chakravarthy, Roche’s senior vice president for cardiovascular, renal and metabolism product development, highlighted the treatment’s effect on both conditions. “You’re losing weight, you have no hypoglycemia, and you’re dropping your sugar in a very, very healthy range,” he said.

The diabetes results matter commercially as well as medically. Roche is developing enicepatide for people with obesity alone, as well as patients facing diabetes and other serious conditions. That broader strategy could expand the medicine’s potential market if later trials confirm the current findings.

Only 2% of participants stopped treatment because of side effects after 48 weeks, according to Roche. That figure gives enicepatide an important point of comparison with competing medicines, although the trials were not identical and the results cannot be treated as a direct head to head test.

In an earlier, shorter mid-stage trial of Eli Lilly’s Mounjaro in people with diabetes, discontinuation rates ranged from 5% to 24.5%, Bloomberg reported. Roche’s figure therefore looks encouraging, but analysts have urged caution until the company publishes the full safety and placebo-adjusted data.

Goldman Sachs analysts James Quigley and his colleagues described the results as “competitive” with rival drugs tested in Phase 3. They also stressed that the evidence remains incomplete. Larger studies will need to establish how consistently enicepatide works across different patient groups, how long the weight loss lasts, and how side effects affect adherence over time.

Those details will matter to doctors in Switzerland and elsewhere. Patients with obesity and type 2 diabetes often need treatment that can control blood sugar without causing hypoglycemia, while also remaining tolerable over months or years. Roche’s early safety signal strengthens its case, but it does not remove the need for a broader evidence base.