EP 132:55

Retatrutide, explained: one key, three locks

The drug nicknamed GLP-3 is one peptide that turns three receptors. What the trials show so far, what is company data, the new skin-sensation side effect, and why it is not approved.

Transcript and sources
  1. Online, people call it GLP-3. It's actually retatrutide: one molecule built to turn three locks at once. Here's what it does, what the trials show, and what's still unknown.
  2. Retatrutide is a single peptide made by Eli Lilly that activates three receptors: GIP, GLP-1 and glucagon. It's thirty-nine amino acids long, with a fatty tail that lets it ride on albumin, so its half-life is about six days.
  3. Count the locks. Semaglutide turns one. Tirzepatide turns two. Retatrutide turns three. That's all GLP-3 means: it's a nickname, and there's no hormone by that name.
  4. The locks don't turn equally. In lab tests, it's about nine times stronger than the body's own GIP at the GIP receptor, and weaker than natural GLP-1 and glucagon at theirs.
  5. The strange one is glucagon. It normally tells the liver to release sugar, so why add it? In mice, the glucagon part raised energy burn, while the other two cut food intake. And in people, adding GLP-1 cancelled that rise in sugar: in retatrutide's diabetes trials, blood sugar went down, not up.
  6. One of the most striking results was in the liver. In a sub-study, liver fat fell by about eighty-two percent in twenty-four weeks on the top dose.
  7. In the phase 2 obesity trial, the top dose averaged twenty-four point two percent weight loss at forty-eight weeks, if everyone had stayed on treatment.
  8. Then the first big phase 3 trial, TRIUMPH-1. At eighty weeks, the top dose averaged twenty-five percent weight loss, counting everyone. But those numbers come from Lilly and a conference talk; there's no journal paper yet.
  9. The side effects look familiar. Nausea hit about four in ten people on the top dose, and about one in nine stopped because of side effects, versus about one in twenty on placebo.
  10. One side effect is new. Some people reported odd or unpleasant skin sensations, called dysesthesia: up to about one in five on the top dose in one trial, versus under one percent on placebo. Why it happens isn't known yet.
  11. Retatrutide isn't approved anywhere. Lilly plans to apply to the FDA in the first quarter of 2027. And the FDA has sent warning letters to sellers of research-use-only retatrutide, calling it an unapproved drug.
  12. One key, three locks, and a lot still unknown. Every trial is on the GLP-1 guide at peplexicon.com.

Sources

  1. Coskun T, et al. LY3437943, a novel triple glucagon, GIP, and GLP-1 receptor agonist for glycemic control and weight loss: from discovery to clinical proof of concept. Cell Metab. 2022;34(9):1234–1247.e9. doi:10.1016/j.cmet.2022.07.013
  2. Urva S, et al. LY3437943, a novel triple GIP, GLP-1, and glucagon receptor agonist in people with type 2 diabetes: phase 1b MAD trial. Lancet. 2022;400:1869–81 (Introduction; half-life)
  3. Sanyal AJ, et al. Triple hormone receptor agonist retatrutide for MASLD: a randomized phase 2a trial. Nat Med. 2024;30:2037–48. (full text PMC11271400; potency statement in Introduction)
  4. Jastreboff AM, et al. Triple-Hormone-Receptor Agonist Retatrutide for Obesity: A Phase 2 Trial. N Engl J Med. 2023;389:514–26. NCT04881760
  5. Rosenstock J, et al. Retatrutide, a GIP, GLP-1 and glucagon receptor agonist, for people with type 2 diabetes: phase 2 trial. Lancet. 2023;402:529–44. NCT04867785
  6. Eli Lilly (sponsor). "Retatrutide delivered weight loss of up to an average of 71.2 lbs along with substantial relief from osteoarthritis pain in first successful Phase 3 trial" (TRIUMPH-4), 11 Dec 2025
  7. Eli Lilly (sponsor). "Retatrutide delivered powerful weight loss in pivotal Phase 3 obesity trial" (TRIUMPH-1), 21 May 2026
  8. HCPLive. TRIUMPH-1: Retatrutide substantially lowers weight, BMI (ADA 2026 coverage, secondary). · TRANSCEND-T2D-1 topline coverage:
  9. Eli Lilly (sponsor). "Retatrutide successful in two additional Phase 3 obesity trials" (TRIUMPH-2, TRIUMPH-3), 23 Jul 2026
  10. Bajaj HS, et al. Efficacy and safety of retatrutide… (TRANSCEND-T2D-1): a double-blind, randomised, phase 3 trial. Lancet. 2026;407:2402–13. doi:10.1016/S0140-6736(26)00967-0
  11. Eli Lilly (sponsor). Q2 2026 results, Form 8-K exhibit, 5 Aug 2026
  12. ClinicalTrials.gov registry (API checked 29 Sep 2026): NCT05929066 (TRIUMPH-1), NCT05929079 (TRIUMPH-2), NCT05882045 (TRIUMPH-3), NCT05931367 (TRIUMPH-4), NCT06662383 (TRIUMPH-5), NCT06354660 (TRANSCEND-T2D-1). None has posted results
  13. FDA. FDA's concerns with unapproved GLP-1 drugs used for weight loss (content current 1 Sep 2026)
  14. FDA Warning Letter, Gram Peptides (MARCS-CMS 721806), 31 Mar 2026
  15. pharmaphorum. Lilly sues over "illegal sales" of obesity drug retatrutide, 12 Aug 2026 (secondary; reports Lilly's claims)
  16. Tan TM, et al. Coadministration of GLP-1 during glucagon infusion in humans results in increased energy expenditure and amelioration of hyperglycemia. Diabetes. 2013;62:1131–8
  17. Triple Agonism Based Therapies for Obesity (review). Curr Cardiovasc Risk Rep. 2025. (PMC12304053)
  18. Mazdutide: First Approval. 2025. · Innovent press release, NMPA approval, 27 Jun 2025
  19. Novo Nordisk (sponsor). Novo Nordisk files for FDA approval of CagriSema, Dec 2025
Go deeperRead the GLP-1 guide