Second Gubra-partnered obesity drug moves into Phase 2
Boehringer Ingelheim has started Phase 2 development of BI 3034701, a potential first-in-class GLP-1/GIP/NPY2 triple receptor agonist partnered with Gubra, triggering a EUR 10 million milestone payment, Gubra said in its third-quarter trading statement. It is the second Gubra-partnered obesity program to reach Phase 2 this year, after AbbVie’s ABBV-295.
Group revenue for the first nine months of 2026 was DKK 574 million and operating profit DKK 195 million. In the CRO business, external revenue grew 6% in the third quarter, and the EBIT margin rose to 25% from 2% in the second quarter and 0% in the first.
Gubra narrowed its 2026 guidance for CRO revenue growth to 2–6% (previously 0–10%) and its EBIT margin guidance to 10–13% (10–15%), and lowered biotech costs to DKK 315–335 million (330–360 million). Its lead proprietary program, the selective CRHR2 agonist GUB-UCN2, designed to reduce fat while preserving muscle, entered a Phase 1/2a trial in July, with first safety and pharmacokinetic data expected in the first half of 2027.
“Our partnered pipeline continued to progress, with two obesity programs advancing into Phase 2 and further encouraging clinical data presented for ABBV-295,” says CEO Markus Rohrwild.
Source: Gubra trading statement Q3 2026, 6 November 2026 — read the release
Published: November 11, 2026
