19 July 2025
Category: Clinical Trials & Drug Development I
Obesity & Metabolic Disorders
Written by: Pharmacally Medical News Desk

In a key event, Chinese pharmaceutical giant Hengrui Pharma and U.S.-based biotech firm Kailera Therapeutics have reported inspiring Phase 3 results for their novel weight-loss drug candidate, HRS9531. This once-weekly injectable drug, a dual GLP-1/GIP receptor agonist, demonstrated weight reduction effects that match with its closest rival of Eli Lilly’s tirzepatide (Zepbound), showcasing it as a strong potential alternative in the anti-obesity therapeutics market.
The HRS9531 program was initiated by Hengrui Pharma and is based on a GLP-1 receptor agonist platform aimed at treating metabolic disorders. In 2023, Hengrui partnered with U.S.-based Kailera Therapeutics to advance the international development of HRS9531. This collaboration supports the global clinical progression of the drug in what is considered to be the most competitive field of GLP-1-based therapies.
Trial Design and Results
The HRS9531‑301 trial (NCT06396429) is a randomized, double-blind, placebo-controlled, multicenter Phase 3 clinical study conducted across multiple sites in China. The study was sponsored by Hengrui Pharma and evaluated the efficacy and safety of HRS9531. The trial spanned 48 weeks of treatment, with an additional follow-up period to monitor long-term effects and adverse events. The trial was designed in a way that it will support regulatory approval in China and other markets.
The study enrolled 567 adults aged more than 18 years with a mean weight of 93 kg with obesity or overweight status as defined by a BMI ≥28 kg/m² or a BMI ≥24 kg/m² with at least one obesity-related comorbidity (e.g., hypertension, dyslipidemia, sleep apnea).
Key exclusion criteria included a diagnosis of type 1 or type 2 diabetes, History of significant gastrointestinal disease, prior or ongoing anti-obesity pharmacotherapy or bariatric surgery, and uncontrolled psychiatric illness or endocrine disorders.
This strict inclusion-exclusion criterion was designed to isolate the weight-loss effect of HRS9531 in a non-diabetic population; the trial will mimic the real-world use cases for first-line obesity pharmacotherapy.
Participants were randomized to receive once-weekly subcutaneous injections of HRS9531 at 2 mg, 4 mg, or 6 mg, or Placebo. All participants followed a dose-escalation schedule during the early phase to improve gastrointestinal tolerability, followed by fixed-dose maintenance through week 48. Lifestyle advice was given to all groups (diet and physical activity guidelines), in line with global obesity trial standards (similar to SURMOUNT and STEP trials).
Primary Endpoint includes percent change in body weight from baseline to week 48; key secondary endpoints include the proportion of participants achieving ≥5%, ≥10%, ≥15%, and ≥20% weight loss. Absolute weight change (kg), Changes in waist circumference, BMI, metabolic biomarkers (lipid levels, liver enzymes, blood pressure), and Patient-reported outcomes (quality of life, satiety). These endpoints reflect a comprehensive and clinically meaningful set of outcomes that regulatory bodies typically require for obesity drug approvals.
HRS9531 showed robust and dose-dependent weight loss, with top-line data showing at a 6 mg dose a mean body weight reduction of 17.7% vs baseline, Placebo-adjusted difference of 14.1%, a 4 mg dose with 14.5% weight loss, and a 2 mg dose with 9.8% weight loss.
88.4% of participants in the 6 mg arm lost ≥5% body weight, 70.9% achieved ≥10%, 51.2% achieved ≥15%, and 44.2% achieved ≥20% weight loss
These efficacy results are comparable to or even exceed benchmarks seen with established drugs like semaglutide (Wegovy) and tirzepatide (Zepbound) in similar populations.
Mechanism of Action
Like tirzepatide, HRS9531 is a dual agonist targeting GLP-1 (Glucagon-like peptide-1) receptors, which enhances insulin secretion, reduces appetite, and delays gastric emptying, along with GIP (Glucose-dependent insulinotropic polypeptide) receptors, which may enhance insulin response and contribute to weight loss synergistically with GLP-1.
This “twin hormone” approach is currently viewed as the most promising of the coming years’ obesity drugs, offering superior weight reduction compared to GLP-1-only therapies like semaglutide (Wegovy, Ozempic).
Safety
HRS9531 showed a favorable safety and tolerability profile consistent with other GLP-1/GIP receptor agonists. The most commonly reported adverse events were gastrointestinal.
Previous Phase 2 trial
In the previously reported Phase 2 clinical trial (NCT06054698), the primary analysis using the treatment policy estimand showed that participants receiving the 8 mg dose of HRS9531 experienced a mean weight loss of 22.8% at week 36, which corresponds to a placebo-adjusted reduction of 21.1%.
Key comparisons
Parameter | Tirzepatide (Zepbound) | HRS9531 (China Phase 3) |
Weight Loss (Avg) | 21% | 18–19.2% |
≥20% Weight Loss | 36–40% | 44% |
Duration | Up to 72 weeks | 48 weeks (long-term study is initiated) |
Safety Profile | Gastrointestinal AEs | Gastrointestinal AEs |
With HRS9531 still showing weight loss at 48 weeks, longer-duration trials in global populations may demonstrate even higher efficacy. This makes the candidate a serious challenger in upcoming global obesity markets, particularly in the U.S. and EU, where Kailera is preparing further development programs.
“The positive data from the HRS9531-301 study demonstrated meaningful, sustained weight loss. With an affirmed safety and tolerability profile, we strongly believe in its potential to help more people living with obesity reach their individual weight loss goals,” said Hong Chen, Head of Metabolism Department I of Hengrui Pharma
Ron Renaud, President and Chief Executive Officer of Kailera, added that “As Kailera prepares to advance KAI-9531 into a global clinical program, we look forward to evaluating both higher doses and longer durations of treatment to expand on KAI-9531’s best-in-class potential.”
Conclusion
The strong Phase 3 results of HRS9531 mark a significant milestone for Hengrui Pharma and Kailera Therapeutics. With near-Zepbound efficacy, a manageable safety profile, and ongoing weight loss even at 48 weeks, this dual agonist could become a highly competitive player in the anti-obesity space.
Kailera now plans to initiate global Phase 3 trials with the global name KAI-9531, exploring higher doses and extended durations, to match or exceed Zepbound’s performance. If successful, HRS9531 could become one of the first Chinese-origin obesity drugs to secure international regulatory approval.
References
Hengrui Pharma and Kailera Therapeutics Report Positive Topline Data from Phase 3 Obesity Trial in China of Dual GLP-1/GIP Receptor Agonist HRS9531, GlobNewswire, 15 July 2025, https://www.globenewswire.com/news-release/2025/07/15/3115481/0/en/Hengrui-Pharma-and-Kailera-Therapeutics-Report-Positive-Topline-Data-from-Phase-3-Obesity-Trial-in-China-of-Dual-GLP-1-GIP-Receptor-Agonist-HRS9531.html?utm_source=chatgpt.com
Hengrui Pharma and Kailera Therapeutics Report Positive Topline Data from Phase 3 Obesity Trial in China of Dual GLP-1/GIP Receptor Agonist HRS9531, BioSpace, 16 July 2025, https://www.biospace.com/press-releases/hengrui-pharma-and-kailera-therapeutics-report-positive-topline-data-from-phase-3-obesity-trial-in-china-of-dual-glp-1-gip-receptor-agonist-hrs9531
Hengrui and Kailera report positive data from Phase III obesity treatment trial, Clinical Trial Area, 16 July 2025, https://www.clinicaltrialsarena.com/news/hengrui-kailera-obesity-treatment/?cf-view&cf-closed&cf-closed
Efficacy and Safety of HRS9531 Injections in Overweight or Obese Subjects, ClinicalTrials.gov ID NCT06054698, ClinicalTrials.gov, https://clinicaltrials.gov/study/NCT06054698?term=HRS9531&rank=10#participation-criteria
To Compare the Efficacy and Safety of HRS9531 and Placebo in Subjects With Overweight or Obese, ClinicalTrials.gov ID NCT06396429, ClinicalTrials.gov, https://clinicaltrials.gov/study/NCT06396429#participation-criteria
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