The Terminus Notes

Evidence page · monograph

Retatrutide

LY3437943 · GIP / GLP-1 / glucagon (GCG) triple receptor agonist

Investigational Not approved for any indication in any jurisdiction.
An evidence summary, graded against the charter rubric. It is not a recommendation, and the doses it cites describe how the trials were run, not how to take anything.

01 Identity

Common nameRetatrutide
Developmental codeLY3437943
ClassSingle peptide (fatty-diacid conjugated); triple agonist of GIP, GLP-1 and glucagon receptors
Route studiedOnce-weekly subcutaneous injection
DeveloperEli Lilly and Company
CAS number2381089-83-2 · FDA UNII NOP2Y096GV

Relative to endogenous ligands, in vitro retatrutide is less potent at the glucagon and GLP-1 receptors (about 0.3× and 0.4×) and more potent at GIP (about 8.9×). The glucagon component is the feature most often cited to explain its effects on energy expenditure and hepatic fat.

02 Regulatory status

Retatrutide holds no marketing authorisation anywhere. It is not approved by the FDA, EMA, or MHRA, is not available on the NHS or by private prescription, and is not an approved medicine in any market as of the review date. It is an investigational compound, lawfully available only within sponsor-run clinical trials.

It is therefore neither a licensed prescription medicine nor a conventionally scheduled controlled substance; material offered for sale outside a registered trial is not a regulated pharmaceutical product. Re-check at each review as the Phase 3 programme reports.

03 Mechanism of action

Retatrutide is a single peptide that simultaneously agonises three receptors:

GLP-1 receptor — incretin effect, slowed gastric emptying, central appetite suppression. Well-characterised drug-class mechanism.

GIP receptor — incretin and appetite effects; contribution to clinical outcomes debated within the class. Mechanistic; not isolated in humans.

Glucagon receptor — proposed to raise energy expenditure and reduce hepatic fat; the differentiating component versus dual agonists. Mechanistically plausible; the glucagon contribution has not been directly isolated in humans.

A ~20% reduction in LDL cholesterol in Phase 2 has been attributed to glucagon-mediated effects on PCSK9 — a proposed mechanism, not a demonstrated causal pathway.

04 Pharmacokinetics / pharmacodynamics

Approximately dose-proportional pharmacokinetics with a terminal half-life of about 6 days (reported range ~5–7 days), supporting once-weekly administration. In the first-in-human single-ascending-dose study (45 healthy participants), maximum concentration occurred roughly 1–3 days post-dose.

Early-phase pharmacodynamics included dose-dependent increases in heart rate and decreases in systolic blood pressure, both returning toward baseline by about day 29 after single dosing.

05 Evidence by endpoint

Grades below are assigned per use-case, following the charter rubric, with the (topline) qualifier applied wherever data are announced but not yet published.

5.1 — Body-weight reduction in obesity (no type 2 diabetes)

A randomised, double-blind, placebo-controlled Phase 2 trial n=338 in adults with obesity/overweight without diabetes tested weekly retatrutide (1–12 mg, with escalation) or placebo. At 12 mg, mean body-weight reduction was about 17.5% at 24 weeks and 24.2% at 48 weeks, curves not yet plateaued.

Topline Phase 3 results (TRIUMPH-1, May 2026; TRIUMPH-4, Dec 2025) report high-20s to ~30% reductions but are sponsor announcements pending peer review — not equivalent to the published Phase 2 dataset.

Limited human — grade set by the published Phase 2

5.2 — Hepatic steatosis / MASLD

A peer-reviewed Phase 2a substudy n=98 reported dose-dependent relative liver-fat reductions at 24 weeks (≈ −43% to −82% across 1–12 mg) versus +0.3% on placebo; normal liver fat reached by 27–86% versus 0% on placebo.

Limited human — single small RCT

5.3 — Type 2 diabetes

Sponsor topline (TRANSCEND-T2D-1, March 2026) reports ~16.8% weight reduction at 40 weeks on 12 mg, with glycaemic endpoints met. Full data pending.

Limited human (topline)

5.4 — Knee osteoarthritis pain

TRIUMPH-4 topline reports improved WOMAC pain scores alongside weight loss. Whether the effect is independent of weight loss cannot be established from topline data.

Limited human (topline)

5.5 — Cardiovascular outcomes

Phase 2 reported favourable cardiometabolic markers (blood pressure, lipids) as exploratory endpoints. A dedicated outcomes trial is reported underway. No completed event-reduction data exist.

Mechanistic / no outcome data

5.6 — Obstructive sleep apnoea

A Phase 3 trial in OSA with obesity is reported ongoing. No results available.

No human outcome data yet

06 Safety and adverse events

The most consistent adverse events are gastrointestinal — nausea, vomiting, diarrhoea, constipation — dose-dependent and concentrated during escalation. In Phase 2, nausea ranged from ~14% (lowest dose) to ~60% (12 mg). Discontinuation due to adverse events occurred in about 6–16% on retatrutide (rising with dose) versus none on placebo; serious adverse events were comparable to placebo.

Heart rate rose dose-dependently, peaking around week 24 then declining — similar in magnitude to GLP-1 receptor agonists. Altered skin sensation (dysesthesia) was reported in a minority, mild-to-moderate, not leading to discontinuation.

No long-term (multi-year) human safety data exist. The longest controlled exposure is roughly 48–80 weeks. Effects beyond that horizon are unknown. Phase 3 safety tables remain largely unpublished; figures circulating via press release are not transcribed here.

07 Evidence summary

EndpointGrade
Weight loss, obesity (no T2D) Limited human
Liver fat / MASLD Limited human
Type 2 diabetes Limited human (topline)
Knee osteoarthritis pain Limited human (topline)
Cardiovascular outcomes Mechanistic / no outcome data
Long-term safety (>~80 wk)No data

08 References

  1. Jastreboff AM, et al. Triple–Hormone-Receptor Agonist Retatrutide for Obesity — A Phase 2 Trial. NEJM, 2023.DOI 10.1056/NEJMoa2301972 · ClinicalTrials.gov NCT04881760
  2. Triple hormone receptor agonist retatrutide for MASLD: a randomized phase 2a trial. Nature Medicine, 2024.DOI 10.1038/s41591-024-03018-2
  3. Urva S, Coskun T, Loh MT, et al. LY3437943 … phase 1b multiple-ascending-dose trial. Lancet 2022;400:1869–1881.
  4. Coskun T, et al. LY3437943 … from discovery to clinical proof of concept. Cell Metabolism 2022;34:1234.DOI 10.1016/j.cmet.2022.07.013
  5. Eli Lilly — TRIUMPH-1 (May 2026), TRIUMPH-4 (Dec 2025), TRANSCEND-T2D-1 (Mar 2026) topline announcements (sponsor press releases; topline only).Registered TRIUMPH Phase 3 trials confirmed on ClinicalTrials.gov: TRIUMPH-2 NCT05929079 (type 2 diabetes), TRIUMPH-3 NCT05882045 (obesity + cardiovascular disease). Match each announced trial above to its own NCT before publication.