CSPC PHARMA (01093.HK): JMT206 Phase Ib Obesity Trial Starts in China

On 29 September 2026, CSPC PHARMA (01093.HK) said the Phase Ib trial of JMT206 Injection for weight management in overweight or obese adults began in China.
Key Highlights:
  • JMT206 Injection is registered as a Class 1 therapeutic biological product and is a recombinant fully human anti-ActR-IIA and anti-ActR-IIB monoclonal antibody that blocks the activation of both signalling pathways to promote muscle mass gain and reduce body weight.
  • In November 2025, the Group obtained the NMPA's Notice of Approval for Clinical Trial of Drug for the overweight or obesity indication and initiated the Phase I trial, whose data preliminarily verified safety, pharmacokinetics and pharmacodynamics in healthy participants.
  • The Phase Ib trial is a randomised, double-blind, placebo parallel-controlled study evaluating multiple subcutaneous injections of the Product, as monotherapy or combined with semaglutide injection, in obese participants.

NewTimeSpace News: On 29 September 2026, CSPC Pharmaceutical Group Limited (stock code: 01093.HK) announced that the Phase Ib clinical trial (JMT206–003) of JMT206 Injection, developed by the Group for weight management in adult patients with overweight or obesity, has been officially initiated at the first study centre in China.

The Product is registered as a Class 1 therapeutic biological product and is a recombinant fully human anti-activin receptor type IIA (ActR-IIA) and type IIB (ActR-IIB) monoclonal antibody. It specifically binds to ActR-IIA and ActR-IIB on the surface of target cell membranes, blocking the activation of both signalling pathways, thereby promoting an increase in muscle mass and reducing body weight. Pre-clinical studies demonstrated muscle-building and fat-reducing effects alongside a safety and tolerability profile.

In November 2025, the Group obtained the Notice of Approval for Clinical Trial of Drug issued by the National Medical Products Administration for the overweight or obesity indication, and initiated the Phase I clinical trial following the approval. Phase I data preliminarily verified the safety, pharmacokinetic and pharmacodynamic profiles of the Product in healthy participants.

The Phase Ib trial is a randomised, double-blind, placebo parallel-controlled trial evaluating the safety, tolerability, pharmacokinetic and pharmacodynamic profiles of multiple subcutaneous injections of the Product, as monotherapy or in combination with semaglutide injection, in obese participants. Recruitment and screening of participants are being actively advanced.

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