Hansoh licensing deal provides Regeneron with HS-20094, a GLP-1/GIP receptor agonist

2 June 2025

US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) today announced a strategic in-licensing agreement with China’s Hansoh Pharmaceuticals (03692: HK) for exclusive clinical development and commercial rights outside of the Chinese Mainland, Hong Kong and Macau for a dual GLP-1/GIP receptor agonist currently in Phase III testing.

This novel therapeutic candidate (HS-20094) – studied in over 1,000 patients and administered as a weekly subcutaneous injection – has demonstrated promising efficacy and safety clinical data, suggesting a potentially similar profile to the only Food and Drug Administration (FDA)-approved GLP-1/GIP receptor agonist, Eli Lilly's (NYSE: LLY) Zepbound (tirzepatide). A Phase III trial in obesity in China and Phase IIb study in diabetes are ongoing.

Financial considerations

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