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Phase 2 Trial Evaluating Zalfermin and Semaglutide Combinations for Metabolic Dysfunction Associated SteatohepatitisTrial Shows Semaglutide May Impact Liver Fibrosis in MASLD
The lancet. Gastroenterology & hepatologyPublished September 2, 2026Study authors: Loomba Rohit, George Jacob, Castera Laurent, Francque Sven, Lawitz Eric, Shoeb Ahsan, Clausen Jesper…PubMed ↗NCT05016882 ↗DOI ↗Editorial oversight: Dr. Amelia Tan, PhD · Internal Medicine & Chronic Disease
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Key Takeaway
Semaglutide monotherapy showed significant improvement in liver fibrosis, while zalfermin combinations did not reach significance.
This multicenter, randomized, double-blind, placebo-controlled Phase 2 trial enrolled 698 participants with histologically confirmed steatohepatitis and clinically significant fibrosis (stage F2-F4c). The study evaluated several treatment arms, including various doses of zalfermin combined with semaglutide, monotherapy with zalfermin, and a combination of cagrilintide and semaglutide over a 52-week period.
The primary endpoint was the improvement of liver fibrosis on the NASH CRN scale by at least one stage without worsening of the underlying disease. Results indicated that the combination of zalfermin 30 mg and semaglutide 2.4 mg did not show a statistically significant improvement in fibrosis compared to the placebo group.
In contrast, semaglutide 2.4 mg monotherapy demonstrated a nominally significant improvement in liver fibrosis compared to placebo. Zalfermin 30 mg monotherapy did not reach statistical significance. Safety profiles across groups were characterized by mostly mild to moderate gastrointestinal adverse events, which were common across all treatment arms.
How this fits prior evidence
How this fits prior evidence: This finding addresses a gap in identifying disease-modifying therapies for the F4c population. While previous evidence confirmed that the rs2896019 G allele is a dose-dependent risk factor for MASLD development and severe progression, this study evaluates the efficacy of semaglutide in those already with significant fibrosis. Additionally, while GLP-1 receptor agonists are known to reduce mortality and hospitalization in heart failure, this study notes a potential risk of heart failure in one patient receiving zalfermin.
Researchers conducted a Phase 2 trial to see if different medications could improve liver fibrosis in adults with metabolic dysfunction-associated steatohepatitis (MASLD). The study included 698 participants who had confirmed liver issues and significant scarring. Over 52 weeks, participants received various combinations of zalfermin, semaglutide, or a placebo.
The results showed that semaglutide alone performed better than the placebo in improving liver fibrosis. However, the combination of zalfermin and semaglutide did not show a significant improvement over the placebo. Additionally, zalfermin alone did not show a significant difference from the placebo in this specific study.
Most side effects reported were mild to moderate and related to the digestive system. While the study suggests semaglutide might be a potential treatment for advanced liver scarring, these results are from a Phase 2 trial. This means more research is needed to confirm how these treatments work for patients in everyday practice.
What this means for you:
Semaglutide showed some promise for liver fibrosis, but other combinations did not show significant results over placebo.
Common questions
What did the study find about semaglutide for liver health?
The study found that semaglutide was nominally significantly greater than placebo in improving liver fibrosis and preventing the worsening of MASLD. Specifically, 30 percent of the semaglutide group showed improvement compared to 16 percent of the placebo group.
Were the other drug combinations effective for liver fibrosis?
No, the other combinations did not show significant results. The combination of zalfermin 30 mg and semaglutide 2.4 mg was not significantly greater than placebo. Similarly, zalfermin 30 mg alone was not significantly greater than placebo at the 52-week mark.
What were the side effects of the treatments?
Most side effects were mild to moderate and were primarily gastrointestinal. For example, 79 out of 99 people in the zalfermin and semaglutide group experienced these issues. While some serious events occurred, most were not considered serious.
More on Metabolic Dysfunction-Associated Steatohepatitis
BACKGROUND: This phase 2 study evaluated once-weekly zalfermin and semaglutide for efficacy and safety in patients with metabolic dysfunction-associated steatohepatitis and clinically significant fibrosis, including patients with compensated cirrhosis (F4c).
METHODS: This proof-of-concept, phase 2, dose-ranging, double-blind, randomised controlled trial was done in 187 clinical trial sites in Australia, Belgium, Bulgaria, Canada, Czech Republic, Denmark, France, Germany, Greece, India, Italy, Japan, Malaysia, Poland, Portugal, Russia, Singapore, South Korea, Spain, Taiwan, Türkiye, and the USA. Eligible participants were aged 18 years or older with histological confirmation of steatohepatitis on liver biopsy (baseline or historical within 180 days). Eligible participants had clinically significant fibrosis (stage F2-F4c) in the absence of decompensation. Eligible participants were randomly assigned to receive subcutaneous zalfermin 7·5 mg plus subcutaneous semaglutide 2·4 mg, zalfermin 15 mg plus semaglutide 2·4 mg, zalfermin 30 mg plus semaglutide 2·4 mg, zalfermin 30 mg, semaglutide 2·4 mg, cagrilintide 2·4 mg plus semaglutide 2·4 mg, or placebo only once a week for 52 weeks. The primary endpoint was improvement in liver fibrosis on the NASH CRN fibrosis scale of at least one stage and no worsening of metabolic dysfunction-associated steatohepatitis at week 52. Efficacy was assessed in the full analysis set (all randomly assigned participants) and safety was analysed in all participants who were randomly assigned and received at least one dose of trial product or placebo. The trial is registered with ClinicalTrials.gov, NCT05016882, and is completed.
FINDINGS: Between Aug 31, 2021, and March 14, 2025, 2420 people were screened for inclusion. 178 withdrew before random assignment and 1544 were disqualified. 698 participants were enrolled and randomly assigned to zalfermin 7·5 mg plus semaglutide 2·4 mg (n=99), zalfermin 15 mg plus semaglutide 2·4 mg (n=100), zalfermin 30 mg plus semaglutide 2·4 mg (n=99), zalfermin 30 mg (n=101), semaglutide 2·4 mg (n=100), cagrilintide 2·4 mg plus semaglutide 2·4 mg (n=99), or placebo (n=100). 441 (63%) of 698 participants were female and 257 (37%) were male. 484 (69%) of 698 participants were White and 172 (25%) were Asian. At week 52, the proportion of participants who had an improvement in liver fibrosis and no worsening of metabolic dysfunction-associated steatohepatitis with zalfermin 30 mg plus semaglutide 2·4 mg was not significantly greater than with placebo (24 [24%] of 99 participants in the combination group vs 16 [16%] of 100 participants in the placebo group; estimated difference in responder proportions [EDP] 7·98, 95% CI -3·82 to 19·79; p=0·19). A nominally significantly greater proportion of participants in the semaglutide 2·4 mg group achieved this endpoint than in the placebo group (30 [30%] of 100 participants in the semaglutide group; EDP 14·05, 95% CI 1·88 to 26·23; p=0·024), but not in the zalfermin 30 mg group versus placebo (22 [22%] of 101 participants in the zalfermin group; 4·99, -6·51 to 16·49; p=0·39). Similarly, the proportions of participants achieving this endpoint in the two groups that combined lower doses of zalfermin with semaglutide 2·4 mg and in the exploratory group combining cagrilintide 2·4 mg with semaglutide 2·4 mg were not substantially different than with placebo. Adverse events were mostly non-serious and mild to moderate in severity. The most frequent adverse events were gastrointestinal, reported in 79 (80%) of 99 participants in the zalfermin 30 mg plus semaglutide 2·4 mg group, 61 (60%) of 101 participants in the zalfermin 30 mg group, 73 (73%) of 100 participants in the semaglutide 2·4 mg group, and 51 (51%) of 100 participants in the placebo group. Serious adverse events were reported in seven (7%) participants in the zalfermin 30 mg plus semaglutide 2·4 mg group, 13 (13%) participants in the zalfermin 30 mg group, ten (10%) participants in the semaglutide 2·4 mg group, and five (5%) participants in the placebo group. Five deaths were reported in the trial, one of which was assessed as possibly related to study drug (heart failure, zalfermin 30 mg group).
INTERPRETATION: In participants with metabolic dysfunction-associated steatohepatitis and clinically significant fibrosis, the combination of zalfermin 30 mg plus semaglutide 2·4 mg did not significantly increase the proportion of participants who had an improvement in liver fibrosis and no worsening of metabolic dysfunction-associated steatohepatitis compared with placebo by week 52. However, a nominally significant treatment effect was observed for semaglutide 2·4 mg versus placebo. Semaglutide might be considered for further clinical assessment as a potential disease-modifying therapy in the F4c population.
FUNDING: Novo Nordisk.