Metsera (MTSR) Study Result summary
Event summary combining transcript, slides, and related documents.
Study Result summary
9 Jul, 2026Study design and objectives
Phase 1 trial evaluated MET-233/MET-233i, a first-in-class monthly amylin analog, in overweight or obese adults without type 2 diabetes using single and multiple ascending dose cohorts, each enrolling 40 participants, with a total of 80 participants in some reports.
Randomized, placebo-controlled, double-blind design with five SAD (0.15–2.4 mg) and four MAD (0.15–1.2 mg) cohorts; baseline mean BMI was approximately 32 with balanced demographics.
Objectives included characterizing pharmacokinetics, measuring weight loss at weeks one and five, and identifying well-tolerated starting doses.
Pharmacokinetics and dosing
MET-233/MET-233i demonstrated a 19-day observed half-life, supporting once-monthly dosing and dose-linear pharmacokinetics with low variability.
PK profiles of MET-233/MET-233i and MET-097i are highly similar, enabling seamless combination therapy.
Efficacy results
Up to 8.4% placebo-subtracted mean weight loss was observed after five weekly doses in the highest MAD cohort, with individual responses up to 10.2%.
Dose-dependent and rapid onset of weight loss was seen, with efficacy persisting weeks after dosing.
Class-leading weight loss was achieved at low, scalable dose levels.
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BofA Securities 2025 Healthcare Conference17 Nov 2025 - Definitive merger with Pfizer at $65.60/share plus CVRs; Q3 net loss $116.2M, cash $448.5M.MTSR
Q3 202512 Nov 2025 - Amended merger with Pfizer offers up to $86.25 per share; board unanimously recommends approval.MTSR
Proxy Filing10 Nov 2025