[26.04.09]JW Pharmaceutical Signs Exclusive In-Licensing Agreement with Gan & Lee for 'Bi-Weekly' GLP-1 Obesity Drug
-Secures exclusive domestic rights for the development and commercialization of the diabetes and obesity drug candidate, 'Bofanglutide'-Enhances dosing convenience over existing once-weekly treatments; demonstrates exceptional weight loss efficacy in clinical trials-Secures a next-generation growth engine in the metabolic disease sector by expanding its portfolio of innovative original drugs April 2026 JW Pharmaceutical announced on the 9th that it has entered into an exclusive domestic in-licensing agreement with Beijing-based Gan & Lee Pharmaceuticals for 'Bofanglutide' (development code: GZR18), a novel GLP-1 receptor agonist candidate. The contract was officially signed on the 8th. Under the terms of this agreement, JW Pharmaceutical has secured the exclusive rights to develop, register, market, and commercialize Bofanglutide in South Korea. Gan & Lee Pharmaceuticals will provide the necessary regulatory data for Investigational New Drug (IND) approvals and New Drug Applications (NDA) in Korea, maintaining close collaboration on related regulatory affairs. JW Pharmaceutical will pay Gan & Lee an upfront payment of $5 million and up to $76.1 million in development and commercial milestone payments, bringing the total potential deal value to $81.1 million. The milestones cover the development, approval, and sales across four distinct indications: Type 2 diabetes, obesity, obstructive sleep apnea (OSA), and metabolic dysfunction-associated steatohepatitis (MASH). Royalties on net sales will be paid separately based on tiered commercial performance. Bofanglutide is a synthetic peptide novel drug currently being developed as a bi-weekly subcutaneous (SC) GLP-1 receptor agonist. The drug acts on GLP-1 receptors in the pancreas to stimulate insulin secretion and regulate blood glucose levels. Concurrently, it delays gastric emptying, prolonging the feeling of satiety. Through these mechanisms, it suppresses appetite and induces weight loss, targeting indications such as diabetes, obesity, OSA, and MASH. Currently in Phase 3 clinical trials in China, Bofanglutide has already demonstrated superior convenience and efficacy compared to existing treatments. In the Phase 2b clinical trial for the obesity indication, patients achieved an average weight loss of 17.29% over 30 weeks with only bi-weekly administration. Compared to clinical data of currently available once-weekly products, Bofanglutide has shown highly potent weight loss and blood glucose-lowering effects within a relatively short administration period, highlighting its strong potential as a next-generation obesity treatment. Furthermore, Bofanglutide has received IND clearance from the U.S. Food and Drug Administration (FDA) for a Phase 2 trial targeting chronic weight management. An active Phase 2 study is currently underway in the U.S., directly comparing Bofanglutide with a placebo and tirzepatide in overweight or obese patients. JW Pharmaceutical anticipates that Bofanglutide will gain a significant competitive edge through its 'dosing convenience' in the current GLP-1 market, which is predominantly driven by once-weekly treatments. The company's strategy is to proactively address the rapidly expanding metabolic disease therapeutic market by swiftly introducing a highly advanced clinical-stage candidate. To date, alongside its proprietary innovative drug R&D, JW Pharmaceutical has successfully introduced and established promising overseas drugs in the domestic market, including the dyslipidemia treatment 'Livalo', the rheumatoid arthritis treatment 'Actemra', and the hemophilia treatment 'Hemlibra'. This latest agreement is an extension of this proven 'in-licensing' strategy and is expected to further solidify the company's robust portfolio of original prescription drugs in the metabolic disease sector. JW Pharmaceutical plans to simultaneously initiate domestic Phase 3 clinical trials for Bofanglutide in both obesity and Type 2 diabetes indications in the second half of this year. “Through this agreement, we are expanding our portfolio in the rapidly growing metabolic disease sector, centered on diabetes and obesity,” said Shin Young-sup, CEO of JW Pharmaceutical. “Leveraging JW's proven development and regulatory capabilities, we will successfully drive the domestic commercialization of Bofanglutide to provide patients with an innovative treatment option.” Dr. Li Zhi, Chief Business Officer (CBO) of Gan & Lee Pharmaceuticals, stated, “We are delighted to establish the foundation for the development and commercialization of Bofanglutide in the Korean market through our collaboration with JW Pharmaceutical. We will work closely together to ensure we can deliver a novel metabolic disease treatment option to Korean patients as swiftly as possible.” Meanwhile, according to Grand View Research, the Asia-Pacific GLP-1RA (GLP-1 receptor agonist) market is projected to be one of the fastest-growing globally, with an estimated compound annual growth rate (CAGR) of 14%, expanding from $5.47 billion in 2025 to $16.94 billion by 2033. ■ About Gan & Lee PharmaceuticalsFounded in 1998 and headquartered in Beijing, China, Gan & Lee Pharmaceuticals is a leading biopharmaceutical company with robust research, development, manufacturing, and commercialization capabilities in the field of insulin analogs and metabolic disease therapeutics. The company developed China's first domestic insulin analog and currently boasts a comprehensive portfolio of insulin products and injection devices. Recently, Gan & Lee has been expanding its innovative drug pipeline into metabolic diseases such as obesity and diabetes, spearheaded by its GLP-1 receptor agonist candidate, Bofanglutide. [Photo Caption]On the 8th, JW Pharmaceutical signed an exclusive domestic in-licensing agreement with China's Gan & Lee Pharmaceuticals for the novel GLP-1 receptor agonist candidate, 'Bofanglutide' (development code: GZR18). Lee Kyung-ha, Chairman of JW Group (right), and Wei Chen, Chairman of Gan & Lee Pharmaceuticals, pose for a commemorative photo after signing the agreement.