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Read · No. 004 · 2026-09-17

A clinical trial has been published tracking for one year whether weight loss persists after switching from the injectable weight-loss drugs Wegovy and Mounjaro to the pill form of Foundayo.

I read a clinical paper that followed patients who switched from an injection to a pill for one year. I also checked the patent published in 2026 by the Japanese company Nihon ChugaiChugai PharmaceuticalTSE 4519
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, which is the origin of this drug, as well as the current status of oral obesity drugs from Korean companies.

Why this article. For people who inject themselves weekly to lose weight, the news that they can switch to a pill taken once a day is welcome. In the United States, the pill has been available since spring 2026, and in South Korea, the approval process is ongoing. Naturally, people who are currently receiving injections may wonder whether switching to the pill in 2027 would maintain the weight loss. A paper published in May provided numerical answers to that question. Since the paper was funded by the drug company and more than half of the authors were company employees, it should be read with extra care.

After reading this, you can do the following.

  • Know the actual numbers behind the advertising statement "Switching to pills maintains the weight loss" and the conditions under which those numbers were obtained.
  • Understand that the company making profits from this drug is not just LillyEli LillyNYSE LLY
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    , and where Korean companies are currently at, based on the list of applicants and disclosed facts.
  • Know the Food and Drug AdministrationFood and Drug Administration
    Regulator · Website
    review, the quarterly financial results of the two companies, the U.S. review requesting approval for diabetes use, and when the next clinical trials of Korean companies will be disclosed, based on a calendar.

This is not an article evaluating the drug's efficacy or recommending its use. It is a direct translation of the numbers and their conditions as stated in the paper, and a count of the names listed in the patent and disclosure. All references can be verified through original source links.

What the paper said After losing weight with an injection, switching to the pill Ozogepamer resulted in maintaining more than three-quarters of the weight loss after one year. Those who switched to a placebo, an ineffective fake drug, dropped to below half.
What we confirmedAmong those in the placebo group who received the fake drug, only two or three out of ten completed the year without any medication. The rest regained weight and either received the real drug as scheduled (rescue drug), started a different medication, or dropped out midway. There is no comparison group in this paper that continued receiving injections.
Stage of evidenceFull paper (CC BY 4.0, Nature Medicine) · Eli Lilly and Chugai Pharmaceutical official announcement · English abstract of Japanese published patent application for January–March 2026 · Domestic news. Clinical data from Korean companies are figures announced by the companies and have not undergone independent verification.
Nature Medicine Volume 32, 2679–2687Online 2026-05-13Received 2026-02-12 · Accepted 2026-04-0114 authors · 8 of whom are affiliated with Eli Lilly
Basic layer

Read the paper

Title
Orforglipron for maintenance of body weight reduction: the double-blind, randomized phase 3b ATTAIN-MAINTAIN trial
Publication venue
Nature MedicineNature Medicine
Journal · Website
32, 2679–2687 (2026) · Springer Nature
DOI
10.1038/s41591-026-04386-7
Clinical trial registration
NCT06584916
Date
Received 2026-02-12 · Accepted 2026-04-01 · Online release 2026-05-13
License
CC BY 4.0 · Free to read and reuse by anyone. Full text is available on Europe PMCEurope PMC
Data source · Website
(PMC13375559)
Funding
Eli Lilly and Company. Specified in the paper
Verification date
2026-09-17

It is not a test to lose weight, but a test to maintain the lost weight.

What this paper measured was not the new weight loss effect, but how much of the already lost weight remained. Participants who had lost weight over one and a half years in the earlier SURMOUNT-5 trial were brought in, injections were stopped, and they were given either the oral orforglipron or a placebo that looked the same but had no effect. A placebo is used to eliminate the placebo effect and to assess the true effect of the drug. After another year, the percentage of the initially lost weight that remained was measured.

376 participants· 29 hospitals in the United States
205 / 171First group (originally from tirzepatide) / Second group (originally from semaglutide)
3 : 2pill : placebo random assignment · Neither the patient nor the doctor knew (double-blind)
12→36mgPill starting dose → maximum dose (corresponding to 17.2mg tablet)

Participants were divided into two groups based on the injections they received in the previous clinical trial, which the paper refers to as cohort. The first group consisted of individuals who had received tirzepatide, the active ingredient in Mounjaro and Zepbound, while the second group included those who had received semaglutide, the active ingredient in Wegovy. In both groups, which were assigned more participants to the pill group, neither the patients nor the doctors knew who was receiving the real medication. This method, designed to prevent expectations or biases from influencing the results, is known as a double-blind trial. The pill started at a low dose and was increased by one level each month until reaching the maximum tolerable dose.

More than three-quarters of the weight lost remains if the medication is switched to a pill.

74.7%Tirzepatide→pill, weight maintenance rate
49.2%Tirzepatide→placebo
79.3%Semaglutide→pill
37.6%Semaglutide→placebo

Retention rate refers to the proportion of weight lost in the previous clinical trial that remained lost one year later, measured only among individuals whose weight had stabilized. In both groups that switched to the pill, participants retained more than three-quarters of the weight they had lost, whereas those who switched to the placebo retained only about half or less. The difference between the pill and the placebo in the second group was larger and of a magnitude unlikely to be due to chance in both groups.

In other words, switching to the pill did not ensure that all the lost weight remained, as approximately one-quarter of the lost weight returned in the pill group over the year. The authors noted in their discussion that "for some patients, retaining most of the weight loss while experiencing a slight regain could be clinically acceptable." The conclusion of the paper leans toward this statement.

The most striking number is not the maintenance rate but the completion rate in the placebo group.

Among those who completed the year without any medication in the placebo group, only one out of three in the first group and one out of five in the second group managed to do so. The rest regained more than half of the lost weight and received the real medication according to the predetermined rules. This medication given during the trial is referred to as rescue medication. Additionally, some participants either started other commercially available weight-loss medications on their own or discontinued the trial, indicating that few individuals managed to go a year without medication.

25 people (31.3%)Completion without medication in the first group placebo group after one year
12 people (18.2%)Completion without medication in the second group placebo group after one year

This number allows the paper's claim to be read in two directions. It is a strength of the paper that most people cannot maintain without the drug, but it is also a weakness of the paper that the maintenance rate in the second placebo group comes from only 12 people. The authors also wrote in the discussion that the sample size is small, leading to large variations and potential distortion of the average.

Switching directly from injection to pill was fine for the stomach.

The second question in this trial was that the participants who received injections started directly at 12mg without gradually increasing the dose from a low level. During the first four weeks, about one in twenty participants experienced gastrointestinal side effects, but no one reduced the dosage. In the pill group, about one in twenty participants discontinued the drug due to unwanted symptoms, which are referred to as adverse reactions, and the most common side effects were nausea, vomiting, and diarrhea, all of which were mostly mild.

A separate point worth noting is liver values. In the first group pill group, four participants had ALT levels more than three times the upper limit of normal, while one participant each in the second group pill group and the placebo group experienced the same. A separate paper focusing solely on the liver safety of this drug was published in June 2026. One death was reported in the second group pill group due to cardiovascular or stroke-related causes.

Limitations stated by the authors, and limitations visible upon reading

The original text is accessible to everyone.

This paper is under CC BY 4.0, so the original text can be read for free by anyone. You can access it by going to doi.org/10.1038/s41591-026-04386-7 or searching for PMC13375559 on Europe PMC. The numbers in this article are directly taken from the abstract, results, discussion, and extended table.

Extended section

Where does the money go

Fact checkComparison with company official statements and domestic reports · No stock price or market forecast numbers · Not a prediction

It is already being sold in the United States.

2026-04-01FDA approval (brand name Foundayo) · sales began on April 6
$149Monthly out-of-pocket cost (with insurance $25, Medicare $50)
$98MRevenue for Q2 2026 (first quarter)
12.4%ATTAIN-1 maximum dose reduction at 72 weeks (placebo 0.9%)

Lilly received approval in early April and began selling through its direct sales channels four days later. The tablets, available in six dosage strengths, are priced starting at $149 per month for patients without insurance. In its early August earnings report, the drug's revenue was first reported separately at $98,000,000. The same company's Mounjaro generated $9,900,000,000 in sales during that quarter, meaning this drug started at about one-hundredth of that scale. Lilly also announced that it had submitted an application to the FDA for an additional indication for diabetes during the same quarter.

It is under review in South Korea and the price is not yet available.

In South Korea, the monthly cost of Wegovy for those without health insurance ranges from about 210,000 won to 420,000 won, depending on the dosage. Industry reports predict a 2027 launch for Foundayo, which is currently undergoing drug approval review by the Ministry of Food and Drug Safety (MFDS). Lilly announced that it had submitted applications for approval in over 40 countries during the spring, and South Korea is included, though the South Korean sales price has not yet been disclosed. Unavailable figures are noted as such.

The company that earns revenue from this drug is two.

Then, when this drug is sold, to whom does the money go? The company that discovered opoglipron was not Lilly but Chugai Pharmaceutical, a Japanese company that transferred the drug to Lilly in 2018, as stated in the approval press release. Chugai Pharmaceutical announced in its mid-July earnings report that it began recording royalties—a percentage of sales as compensation for the invention—in its books starting from that quarter. The exact amount was not disclosed separately. The same report also noted that most new GLP-1 prescriptions in the U.S. were driven by patients using the drug for the first time and that the market for oral weight-loss drugs is growing.

Each time this drug is sold, the revenue goes to Lilly and the royalties go to Chugai Pharmaceutical, but South Korean companies are not part of this flow. We now look at where South Korean companies stand in this context.

Expansion layer

Who is developing it — patent register and disclosed facts

Where are the companies trying to make the same drug? The following names are not selected by us. We selected 29 patents related to GLP-1 and obesity from over 50,000 English abstracts of patents published in the first quarter of 2026 by the Japanese Patent Office, and copied the applicants as they were. For South Korean companies, we copied the company announcements and news.

Chong Kun Dang revised the patent scope four months before the US approval.

Publication numberPublication dateFiling dateTitle (English abstract)
2026-0166282026-02-032025-10-29Pharmaceutical composition containing pyrazolopyridine derivatives having GLP-1 receptor agonist activity
2026-0487842026-03-172025-12-10Pyrazolopyridine derivatives having GLP-1 receptor agonist activity

Both applications were filed by Chong Kun Dang, and the inventors listed first are Yoshino, Tsukaya, Matsuo, and Sato. The abstract describes a compound combining an indole ring and a pyrazolopyridine skeleton, which can be administered orally and is described as a GLP-1 agonist with improved activity, metabolic stability, and bioavailability. Since the chemical name of Ozempic includes pyrazolopyridine and indole, it is considered to have the same skeleton.

What is notable is when the published patent application, typically disclosed 18 months after filing, was issued. However, in these two cases, the application was disclosed within a few months of filing, and this occurs when a divisional application split from the original application inherits the original application's disclosure date. Therefore, it appears that the original patent family from around 2017 was re-divided in the fall of 2025, just before the U.S. approval, and the scope of rights was revised. However, this sentence combines verified facts from the original text and inferences drawn from it, and the original application number is not provided in the English abstract, so it could not be confirmed.

Other oral GLP-1 patents filed in Japan in the same quarter

ApplicantCountryNumber of itemsWhat
Chungwoon PharmaceuticalJapan2The table above — orforglipron scaffold
Hangzhou Zhongmeihuada PharmaceuticalChina2Crystalline form and salt of low-molecular-weight GLP-1 agonist "OAD2" for tablets
Jiangsu HengruiJiangsu HengruiSSE 600276
Quote 东方财富
Medicine
China1fused imidazole derivative GLP-1 agonist
EccogeneEccogene
Unlisted
United States, China1tetrahydropyrazolopyridine series GLP-1 agonist
Eli LillyEli LillyNYSE LLY
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United States3GIP modulator compound · Amylin/calcitonin dual agonist · Fc-fused polypeptide
Novo NordiskNovo NordiskNYSE NVO
Quote TradingView
Denmark1Semaglutide + Cagliantide formulation. The abstract states "an effect close to bariatric surgery."
Hanmi PharmaceuticalHanmi PharmaceuticalKOSPI 128940
Filings DART · Quote finance.naver.com
South Korea1GLP-2 for metabolic bone disease treatment — not an anti-obesity drug

If the search is narrowed to low-molecular-weight GLP-1 agents that are small enough to be made into pills rather than large-molecule drugs like Wegovy that must be injected, only Japan and three locations in China remain, with none in South Korea. Among the 29 applications, the South Korean applicants are Hanmi Pharmaceutical and LG H&HLG H&HKOSPI 051900
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. Neither has a molecular structure suitable for an oral obesity drug, so no South Korean company's oral GLP-1 molecule appears in the Japanese published patent application list for the first quarter of 2026. However, this does not mean they do not exist, but rather that they are not visible in this view, so any currently filed applications will not be published until after 2027.

Korean companies are at the stage before the start of phase 2 at the most advanced point

CompanyCandidateFormStage (confirmed 2026-09)Source
Dong-A STDong-A STKOSPI 170900
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DD02S and five others (rights transferred to MetseraMetsera
Unlisted
— technology transfer, approximately 1,100,000,000,000 won in scale)
Oral peptide (ORALINK)PfizerPfizerNYSE PFE
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, which acquired Metasera, discontinued development of MET-224o on 2026-08-04. The company stated it was "a strategic change, not a technical issue." Another candidate, MET-097o, remains in development. Reports indicated that the stock price dropped significantly the following day.
ETNews 2026-08-05 · Fierce Biotech 2026-08-04
Il Dong PharmaceuticalID110521156Oral pill (low molecular weight)Phase 1 completed (company reported maximum 13.8% reduction). Subsidiary Unobia was reabsorbed on 2026-06-17. Phase 2 is seeking a partner, technology transfer not finalized.Newspim 2026-06-23
Hanmi PharmaceuticalHanmi PharmaceuticalKOSPI 128940
Filings DART · Quote finance.naver.com
HM101460Oral pill (low molecular weight)Preclinical. First disclosed at EASD in September 2025. The injectable efpeglenatide is expected to receive domestic approval in the second half of the year.Medical News 2025-10-21 · BioTimes 2026-04-20
CaregeneCoglutideOral peptideClassified as a functional food, not a drug. 12-week trial in IndiaUihak Sinmun (Medical Newspaper) 2025-10-21

Reading the table in one line, in the year when the pill began to be sold in the U.S., the Korean company's oral obesity drug was still before the start of Phase 2, and the largest technology transfer case, where the rights to a drug in development were sold to another company, ended with one candidate being discontinued. The clinical data are all numbers announced by the company and not disclosed in academic papers, so this article does not verify those figures.

To know — How much time remains until release if it is in Phase 2

New drugs follow a set sequence. First, there is preclinical testing on animals and cells, followed by Phase 1, which is the initial stage of testing on humans to find a safe dosage in a few dozen healthy individuals, typically taking 1 to 2 years. Phase 2 is the stage where the effectiveness and appropriate dosage are evaluated in hundreds of actual patients, taking 2 to 3 years, and Phase 3 is the stage where the effectiveness is confirmed in thousands of patients, taking 3 to 5 years. After that, regulatory review takes another year or so.

Therefore, "before phase 2 starts" means that even if everything proceeds smoothly, there are 6 to 8 years remaining until release. Not all drugs entering clinical trials pass through. According to data from the US Biotechnology Industry Association on clinical trials from 2011 to 2020, only three out of ten drugs that entered phase 2 advanced to phase 3, and the proportion of drugs that started phase 1 and eventually received approval was eight out of a hundred. This is why in this article, "phase 1 completed" and "phase 2 partner undecided" should be read with different weights.

Expansion layer

Calendar — When will the next information be released

No one knows exactly when it will happen, but when and what will be disclosed is predetermined, so knowing the date alone changes the way one reads the news.

WhatWhenWhere to confirm
Founday's approval in KoreaUnder review. Expected release in 2027Ministry of Food and Drug Safety (MFDS) drug safety portal approval list
Eli LillyEli LillyNYSE LLY
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third-quarter results — Foundayo second-quarter sales
Typically by the end of October (last year was October 30)investor.lilly.com
JW Pharmaceutical Q3 earnings — royalty mentionedTypically late Octoberchugai-pharm.co.jp/english/news
Orforglipron diabetes indication FDAFood and Drug Administration
Regulator · Website
decision
Submitted in Q2 2026. Standard review of 10 months would lead to first half of 2027LillyEli LillyNYSE LLY
Filings SEC · Quote Yahoo
press release
DNDPharmatech MET-097o dataUndecided. PfizerPfizerNYSE PFE
Filings SEC · Quote Yahoo
pipeline updates occur with each quarterly earnings
PfizerPfizerNYSE PFE
Filings SEC · Quote Yahoo
quarterly earnings pipeline table
Il Dong Pharmaceutical Phase 2 partnerUndeterminedDARTDART (Data Analysis, Retrieval and Transfer System)
Data source · Website
regulatory filing
Patents of Korean companiesWhat is filed now will be disclosed 18 months laterKIPRISKIPRIS
Data source · Website
· J-PlatPat
Closing remarks

So what should be looked at

This article does not draw a conclusion but instead lists only three points to check in the future.

  1. If the word "maintained" appears, check the denominator. The maintenance rate in this paper is based only on people with stable weight, only for one year, and only compared with placebo. There is no data yet comparing it with continued injections, so we will read it again when that paper is published.
  2. The revenue from this drug is split into two parts. Eli Lilly's sales and Chugai Pharmaceutical's royalty. By reading the Foundayo line in the October results of both companies, you can see in numbers where the first quarter 98,000,000 dollars went.
  3. Korean companies categorize by stages. Four words—preclinical, Phase 1 completed, Phase 2 partner undecided, and acquisition halted—summarize Korean companies as of September 2026. When the next news appears, just check which of these four words has changed.

What this paper does not answer is whether continuing injections or switching to a pill is better. The next thing to check is the October end financial results of the two companies and the MFDS approval list. In the next article, the same method will be applied to other drugs, connecting what the paper measured, what the company said, what the patent secured, and where the revenue actually secured, all in one line.

Terms used in this article

Placebo
A fake drug with no effect. It is made to look exactly like the real drug to separate the drug's actual effect from the placebo effect. In English, it is called a placebo.
Double-blind
A method in which neither the patient nor the doctor knows who is receiving the real drug. This prevents expectations or biases from influencing the results.
Cohort
A group of participants who are grouped together under the same conditions and followed over time. This paper divided two cohorts based on the type of injection they had previously received.
Rescue medication
Real medication given to participants whose condition worsens during the trial, according to predetermined rules. This is a safeguard to prevent the placebo group from being neglected, but it can also dilute the purity of the placebo comparison.
Adverse reaction
Undesired symptoms that appear after taking the drug. This is an expression at a stage where it is not yet confirmed to be caused by the drug, and it is called an adverse effect once causality is confirmed.
Indication
A disease for which the drug has been approved for use. Even if it is the same drug, separate approvals are required for obesity and diabetes.
Royalty
Money received as a percentage of sales by a company that has transferred the right to sell an invention. This is what Chungwa Pharm receives from Lilly.
Published patent application
A document in which the application content submitted to the Korean Intellectual Property Office is disclosed to the public regardless of the examination result. It automatically appears 18 months after the application, so the published patent application visible today is a decision made one and a half years ago.
Divisional application
Splitting a single patent application into multiple applications. It is used to divide or expand the scope of rights while inheriting the original filing date.
Low molecular weight
A drug with a small molecule that is well resistant to stomach acid and easy to make into a pill. Peptides like Wegovy and Mounjaro have large molecules and are administered by injection, while orforglipron is a low-molecular-weight drug that can be taken orally.
Technology transfer
A contract to sell the rights to a drug under development to another company. The acquiring company receives upfront payment, milestone success payments, and royalties. If the acquiring company discontinues development, the subsequent payments do not come in.
Phase 1, 2, and 3 clinical trials
Three stages of testing drugs on humans. Phase 1 determines safe dosage (dozens of people, 1–2 years), Phase 2 assesses effectiveness and dosage (hundreds of people, 2–3 years), and Phase 3 confirms effectiveness (thousands of people, 3–5 years). See the "Things to Know" section above.

How was it verified?

The paper was read from the full-text XML of Europe PMC (PMC13375559) on 2026-09-17. Retention rates, confidence intervals, placebo group retention, liver values, and conflicts of interest were taken from the main text and extended tables. The 95% confidence intervals for the difference between the pill and placebo were 14.5–36.5 for cohort 1 and 24.4–59.0 for cohort 2, both with P<0.001. Gastrointestinal adverse events in the first four weeks were less than 5%, and discontinuation due to adverse events ranged from 4.8–7.3%. The license is CC BY 4.0.

The U.S. approval, pricing, and ATTAIN-1 data are from Eli Lilly press release (2026-04-01), the second-quarter sales and diabetes indication submission are from Eli Lilly second-quarter earnings release (2026-08-05), and Chugai Pharmaceutical's discovery and royalty are from Eli Lilly press release and Chugai Pharmaceutical second-quarter earnings release (2026-07-24). Zepbound sales for the same quarter are 4,900,000,000 dollars.

Japanese patent data were indexed directly from the Japanese Patent English Abstract bulk data for January–March 2026 (55,501 applications) provided by KIPRIS Plus of the Korean Intellectual Property Office. Twenty-nine applications were selected where the title or abstract included GLP-1, glucagon-like, obesity, semaglutide, tirzepatide, or incretin. First-filing and original application numbers are not included in the English abstracts, so whether the applications are divisions is estimated.

Status of Korean companies was taken from domestic news (Electronics Today 2026-08-05, NewsPim 2026-06-23, Medical News 2025-10-21, BioTimes 2026-04-20, BizWatch 2026-07-09) and Fierce Biotech (2026-08-04). Clinical data published by the companies were not verified. Domestic pricing for Wigoobi was cited from BankSalad, which referenced data from Namanya Doctor (updated 2026-08-21).

The duration of clinical phases is based on ClinicalMetric's summary (Phase 1: 1–2 years, Phase 2: 2–3 years, Phase 3: 3–5 years, review: 10–12 months), and the success rates per phase are from the American Biological Association, Informa, and QLS's "Clinical Development Success Rates 2011–2020" (Phase 2 to Phase 3: 28.9%, Phase 1 to approval: 7.9%). These are average figures based on U.S. standards and can vary significantly by drug.

Reason for not addressing stock prices. To calculate past similar cases and apply them, a sample is needed, but the event "approval of an oral obesity drug" did not accumulate samples within the period we have. The decline at D&D Pharmatech on August 5 was recorded as an event without numerical data. What is not present is recorded as such.

Medical caution. This article is a record of reading a paper and not a recommendation regarding starting, stopping, or switching medication. Decisions about medication should be made in consultation with a physician.