Vol. 3, No. 6 — June 2026Independent since 2024

TheCompound Journal

Reporting on incretins, compounding & the peptide supply chain

A monthly journal of record.
30 issues · 32 contributors
Not medical advice. We sell nothing.

Working tool

Trial data explorer

Every major incretin trial the Journal cites, with the population, the comparator, the duration, the primary endpoint, the estimand and the source. Filter by programme, sort by any column, and read the estimand before you quote the number.

The single commonest failure in coverage of this drug class is a percentage quoted without the design that produced it. A weight-reduction figure is a function of the population randomised, the comparator, the trial duration, the background intervention, and — decisively — which of two conventional analyses the number comes from. Change any of those and the figure changes, sometimes by more than the difference between two molecules.

This table exists so that a reader can check a number against its design in one place. Every row carries the primary publication. Where a trial reported both a treatment-policy and a trial-product analysis, both are given; where only one was published, the table says which.

Filter and sort

Filtering and sorting happen in the page. Nothing is transmitted anywhere.

Incretin trial endpoints, with estimand and source
TrialMoleculePopulationWeeksComparatorPrimary endpointPrimary resultYearEstimandSource
STEP 1SemaglutideOverweight/obesity without diabetes68Placebo% change in body weight−14.9% vs −2.4%2021Treatment-policyNEJM 384:989
STEP 1 (trial-product)SemaglutideOverweight/obesity without diabetes68Placebo% change in body weight−16.9%2021Trial-productNEJM 384:989
STEP 2SemaglutideOverweight/obesity with type 2 diabetes68Placebo / 1.0 mg% change in body weight−9.6% vs −3.4%2021Treatment-policyLancet 397:971
STEP 3SemaglutideOverweight/obesity, with intensive behavioural therapy68Placebo + IBT% change in body weight−16.0% vs −5.7%2021Treatment-policyJAMA 325:1403
STEP 4SemaglutideContinuation vs withdrawal after 20-week run-in48Switch to placebo% change from week 20−7.9% vs +6.9%2021Treatment-policyJAMA 325:1414
STEP 5SemaglutideOverweight/obesity, two-year design104Placebo% change in body weight−15.2% vs −2.6%2022Treatment-policyNature Medicine 28:2083
STEP 8SemaglutideHead-to-head against liraglutide68Liraglutide 3.0 mg% change in body weight−15.8% vs −6.4%2022Treatment-policyJAMA 327:138
SURMOUNT-1TirzepatideObesity without diabetes72Placebo% change in body weight−20.9% (15 mg) vs −3.1%2022Treatment-policyNEJM 387:205
SURMOUNT-1 (5 mg)TirzepatideObesity without diabetes72Placebo% change in body weight−15.0% vs −3.1%2022Treatment-policyNEJM 387:205
SURMOUNT-2TirzepatideObesity with type 2 diabetes72Placebo% change in body weight−14.7% (15 mg) vs −3.2%2023Treatment-policyLancet 402:613
SURMOUNT-3TirzepatideAfter a 12-week intensive lifestyle lead-in72Placebo% change from randomisation−21.1% vs +3.3%2023Treatment-policyNature Medicine 29:2909
SURMOUNT-4TirzepatideWithdrawal after 36-week open-label lead-in52Switch to placebo% change from week 36−5.5% vs +14.0%2024Treatment-policyJAMA 331:38
SURMOUNT-OSATirzepatideObstructive sleep apnoea with obesity52PlaceboChange in apnoea–hypopnoea index−25.3 to −29.3 events/h2024Treatment-policyNEJM 390:2455
SURPASS-2TirzepatideType 2 diabetes, vs semaglutide 1 mg40Semaglutide 1.0 mgChange in HbA1c−2.30% (15 mg) vs −1.86%2021Treatment-policyNEJM 385:503
SURPASS-3TirzepatideType 2 diabetes, vs insulin degludec52Insulin degludecChange in HbA1c−2.37% (15 mg) vs −1.34%2021Treatment-policyLancet 398:583
SURPASS-4TirzepatideType 2 diabetes at high CV risk, vs insulin glargine104Insulin glargineChange in HbA1c−2.58% (15 mg) vs −1.44%2021Treatment-policyLancet 398:1811
SELECTSemaglutideOverweight/obesity with established CV disease, no diabetes~182PlaceboMACE-3 compositeHR 0.80 (95% CI 0.72–0.90)2023Time-to-event, ITTNEJM 389:2221
FLOWSemaglutideType 2 diabetes with chronic kidney disease~156PlaceboComposite kidney outcomeHR 0.76 (95% CI 0.66–0.88)2024Time-to-event, ITTNEJM 391:109
SUSTAIN-6SemaglutideType 2 diabetes at high CV risk104PlaceboMACE-3 compositeHR 0.74 (95% CI 0.58–0.95)2016Time-to-event, ITTNEJM 375:1834
LEADERLiraglutideType 2 diabetes at high CV risk~197PlaceboMACE-3 compositeHR 0.87 (95% CI 0.78–0.97)2016Time-to-event, ITTNEJM 375:311
REWINDDulaglutideType 2 diabetes, broad CV risk~276PlaceboMACE-3 compositeHR 0.88 (95% CI 0.79–0.99)2019Time-to-event, ITTLancet 394:121
PIONEER 6Semaglutide (oral)Type 2 diabetes at high CV risk~72PlaceboMACE-3 compositeHR 0.79 (95% CI 0.57–1.11)2019Non-inferiority, ITTNEJM 381:841
Retatrutide phase 2RetatrutideObesity without diabetes48Placebo% change in body weight−24.2% (12 mg) vs −2.1%2023Efficacy estimandNEJM 389:514
Orforglipron phase 2OrforglipronObesity without diabetes36Placebo% change in body weight−9.4% to −14.7%2023Efficacy estimandNEJM 389:877
Figures are as published in the cited primary sources. Percentages for weight are least-squares mean changes; hazard ratios are for the primary composite as specified in each protocol. Durations marked with a tilde are median follow-up in an event-driven trial rather than a fixed treatment period. Cross-trial comparison is not supported by this table: populations, comparators, durations and estimands differ between rows.

The estimand column is the point of this page

Two analyses are conventionally reported in the obesity programmes and they answer different questions. The treatment-policy estimand includes every randomised participant regardless of whether they kept taking the drug — it estimates the effect of a policy of offering the treatment. The trial-product estimand estimates the effect had every participant taken it as intended. The second is larger, in STEP 1 by two percentage points.1

Neither is wrong and neither is more honest. But a source quoting 16.9% and a source quoting 14.9% for the same trial are not disagreeing about the data; they are quoting different analyses, and a reader who does not know that will conclude that one of them is lying. The Journal states the estimand every time, which is why the column exists.

A source quoting 16.9% and a source quoting 14.9% for the same trial are not disagreeing about the data. They are quoting different analyses.

Harriet Oduya, Data Editor

What this table cannot be used for

It cannot be used to compare molecules. SURMOUNT-1 randomised a population with a different baseline weight from STEP 1, ran four weeks longer, and used a different background intervention; the difference between −20.9% and −14.9% is not the difference between tirzepatide and semaglutide. STEP 8, which randomised participants to semaglutide or liraglutide directly, is the only row in this table that supports a head-to-head claim, and it supports it only for those two molecules at those two doses.

It also cannot be used to predict an individual outcome. Every weight figure in this table is a mean, and the distribution around every one of those means is wide. Reported non-response — failure to reach 5% reduction — runs from roughly one participant in eleven to nearly one in five depending on the arm.2

2720146.8014.9STEP 19.6STEP 216STEP 315.2STEP 515.8STEP 820.9SURMT-114.7SURMT-221.1SURMT-324.2RETA ph2per cent weight reduction
Figure. Primary weight-reduction results from the obesity programmes, treatment-policy estimand where published. Bars are not comparable with one another: populations, durations and comparators differ.

The withdrawal rows

STEP 4 and SURMOUNT-4 are the two most important rows in this table and the two least quoted. Both randomised participants who had already responded to treatment either to continue or to stop, and both found rapid and substantial regain in the group that stopped: in SURMOUNT-4, participants who switched to placebo regained 14.0% of body weight over 52 weeks while those who continued lost a further 5.5%.3

These are the rows that determine whether this drug class is a treatment or a course, and therefore the rows that determine every health-economic model built on it. A reimbursement decision that assumes two years of treatment and a reimbursement decision that assumes twenty are different decisions about the same drug, and the withdrawal data is the reason.

Not medical advice

This is a reference table published as journalism. Trial results describe populations, not individuals. Nothing here is advice, and no reader should start, stop or alter a treatment on the basis of a table.

References

  1. International Council for Harmonisation. E9(R1): Addendum on Estimands and Sensitivity Analysis in Clinical Trials. 2019.
  2. Wilding JPH, Batterham RL, Calanna S, et al. “Once-Weekly Semaglutide in Adults with Overweight or Obesity.” New England Journal of Medicine. 2021;384:989–1002.
  3. Aronne LJ, Sattar N, Horn DB, et al. “Continued Treatment With Tirzepatide for Maintenance of Weight Reduction in Adults With Obesity: The SURMOUNT-4 Randomized Clinical Trial.” JAMA. 2024;331(1):38–48.