STOCK TITAN

MetaVia (Nasdaq: MTVA) doses first patient in higher-dose DA-1726 obesity trial

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

MetaVia Inc. has dosed the first patient in Part 3 of its Phase 1 trial of DA-1726, a dual GLP-1/glucagon agonist for obesity. This higher-dose study runs over 16 weeks and compares one-step titration to 48 mg with a two-step regimen reaching 64 mg in obese, otherwise healthy adults.

The company highlights earlier Phase 1 data showing approximately 9% weight loss at a 48 mg dose, with reductions in waist circumference, improved glycemic control, and early signs of liver benefit, alongside a favorable tolerability profile. Part 3 is designed to test whether higher therapeutic doses can be reached more quickly while maintaining tolerability, with data expected in the fourth quarter of 2026.

Positive

  • None.

Negative

  • None.

Insights

Early higher-dose testing of DA-1726 advances MetaVia’s obesity pipeline but remains high-risk Phase 1 development.

MetaVia has begun Part 3 of its Phase 1 trial for DA-1726, exploring one-step and two-step titration to 48 mg and 64 mg over a 16-week period in obese, otherwise healthy adults. The design targets faster escalation to higher doses while tracking safety and pharmacology.

Management cites earlier Phase 1 data with about 9% weight loss at 48 mg, plus waist circumference and glycemic improvements, all described as having a favorable tolerability profile. However, these are early-stage findings, and the new higher-dose cohorts must confirm similar or better outcomes without unexpected safety signals.

The Part 3 study will enroll 40 subjects randomized 4:1 active to placebo, assessing adverse events, pharmacokinetics, and metabolic measures such as weight, BMI, and cardiometabolic markers. Readout is expected by Q4 2026, when more definitive signals on dose, efficacy, and tolerability may become available.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Phase 1 Part 3 duration 16 weeks Two titration cohorts evaluating higher DA-1726 doses
Target doses 48 mg and 64 mg One-step to 48 mg; two-step to 64 mg titration
Planned enrollment 40 subjects Obese, otherwise healthy adults in Phase 1 Part 3
Randomization ratio 4:1 Active DA-1726 vs. placebo within each cohort
Reported weight loss ≈9% Weight loss at 48 mg in earlier Phase 1 MAD trial
Data timing Q4 2026 Expected readout for Phase 1 Part 3 higher-dose study
Part 3A dosing 16 mg then 48 mg 4 weeks at 16 mg followed by 12 weeks at 48 mg
Part 3B dosing 16 mg, 32 mg, 64 mg 4 weeks each at 16 mg and 32 mg, then 8 weeks at 64 mg
oxyntomodulin (OXM) medical
"DA-1726 is a novel oxyntomodulin (OXM) analogue functioning as a GLP1R/GCGR dual agonist"
GLP1R/GCGR dual agonist medical
"DA-1726 acts as a dual agonist of GLP-1 receptors (GLP1R) and glucagon receptors (GCGR)"
Metabolic Dysfunction-Associated Steatohepatitis (MASH) medical
"for the treatment of obesity and Metabolic Dysfunction-Associated Steatohepatitis (MASH)"
Metabolic dysfunction-associated steatohepatitis (MASH) is a liver condition characterized by inflammation and fat buildup caused by metabolic issues like obesity and insulin resistance. It can lead to liver damage over time, similar to rust gradually weakening metal. Because it is linked to widespread health problems such as diabetes and heart disease, MASH is becoming an important factor in overall health risks and healthcare costs, which can impact economic and investment considerations.
pharmacokinetics (PK) medical
"The study will assess safety, tolerability, pharmacokinetics (PK), and pharmacodynamics (PD)"
Pharmacokinetics (PK) is the study of how a drug moves through and is processed by the body over time. It tracks how quickly a drug is absorbed, how it spreads, how it is broken down, and how it exits the body—similar to following a recipe’s ingredients from start to finish. For investors, understanding pharmacokinetics helps assess a drug’s effectiveness and safety, which can influence its market potential and valuation.
treatment-emergent adverse events (TEAEs) medical
"Primary endpoints include monitoring adverse events (AEs), serious adverse events (SAEs), treatment-emergent adverse events (TEAEs)"
Adverse events that first appear or worsen after a patient starts a medical treatment; they are the new or intensified negative effects linked in time to taking the drug or therapy. Investors care because the number and severity of these events shape regulators’ decisions, drug labeling, patient uptake and potential legal or cost risks—think of them like customer complaints that can slow sales, trigger recalls, or change a product’s value.
G-protein-coupled receptor 119 (GPR119) medical
"Vanoglipel is a novel G-protein-coupled receptor 119 (GPR119) agonist"
G-protein-coupled receptor 119 (GPR119) is a protein on the surface of certain cells that acts like a lock receiving chemical signals that change how the cell behaves, especially in controlling blood sugar and appetite. Investors watch it because drugs that activate or block this receptor are being explored to treat diabetes, obesity and related conditions; successful drug candidates can transform a biotech company's value much like finding a more efficient engine can change a carmaker's prospects.
0001638287false00016382872026-04-102026-04-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 10, 2026

Graphic

METAVIA INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-37809

47-2389984

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

545 Concord Avenue, Suite 210

Cambridge, Massachusetts

02138

(Address of principal executive offices)

(Zip Code)

(857) 702-9600

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

  ​ ​ ​

Trading

Symbol(s)

  ​ ​ ​

Name of each exchange on which registered

Common Stock, par value $0.001 per share

 

MTVA

 

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 7.01. Regulation FD Disclosures.

On April 10, 2026, MetaVia Inc. (the “Company”) issued a press release announcing that the first patient has been dosed in Part 3 of its Phase 1 clinical trial evaluating DA-1726, a novel dual oxyntomodulin (OXM) analog targeting both GLP-1 (GLP1R) and glucagon (GCGR) receptors. Part 3 of the Phase 1 program consists of two 16-week titration cohorts designed to evaluate one-step and two-step dose-escalation strategies to safely achieve higher target doses and further optimize tolerability. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference.

Information contained on or accessible through any website reference in the press release is not part of, or incorporated by reference in, this Report, and the inclusion of such website addresses in this Report by incorporation by reference of the press release is as inactive textual references only.

The information in Item 7.01 of this Report, including Exhibit 99.1 attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. The Company’s submission of this Report shall not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
Number

 

Exhibit Description

99.1

Press Release dated April 10, 2026.

104

Cover Page Interactive Data File (embedded within Inline XBRL document).

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  ​ ​ ​

METAVIA INC.

Date: April 10, 2026

By:

/s/ Hyung Heon Kim

Hyung Heon Kim

President and Chief Executive Officer

Graphic

Exhibit 99.1

MetaVia Doses the First Patient in Higher-Dose Phase 1 Study of DA-1726, Its GLP-1 and Glucagon Dual Agonist for the Treatment of Obesity

16-Week Study Evaluates One-Step Dose Titration to 48 mg and Two-Step Dose Titration to 64 mg in Obese Otherwise Healthy Adults

CAMBRIDGE, Mass., April 10, 2026 – MetaVia Inc. (Nasdaq: MTVA), a clinical-stage biotechnology company focused on transforming cardiometabolic diseases, today announced that the first patient has been dosed in Part 3 of its Phase 1 clinical trial evaluating DA-1726, a novel dual oxyntomodulin (OXM) analog targeting both GLP-1 (GLP1R) and glucagon (GCGR) receptors. Part 3 of the Phase 1 program consists of two 16-week titration cohorts designed to evaluate one-step and two-step dose-escalation strategies to safely achieve higher target doses and further optimize tolerability.

“Dosing the first patient in these higher-dose cohorts is an exciting milestone that moves us closer to unlocking the full potential of DA-1726,” stated Hyung Heon Kim, President and Chief Executive Officer of MetaVia. “We have already seen compelling results, including approximately 9% weight loss at the 48 mg dose, along with meaningful reductions in waist circumference, improved glycemic control, and early signals of direct liver benefit, all with a favorable tolerability profile. We believe these results highlight the potential of our dual GLP-1/glucagon approach. Importantly, Part 3 is designed to reach higher therapeutic doses with improved tolerability, which could represent a meaningful advantage compared to currently marketed therapies that require longer, more gradual titration. With data expected in the fourth quarter of 2026, we are focused on further demonstrating DA-1726’s potential to deliver differentiated efficacy and a more streamlined path to optimal dosing.”

The Phase 1 Part 3 trial is expected to enroll a total of 40 obese, otherwise healthy adult subjects, across two parts, with 20 subjects per part, randomized 4:1 (16 active; 4 placebo). Part 3A is designed to evaluate a one-step titration regimen with 16 mg for 4 weeks followed by 48 mg for 12 weeks, while Part 3B will evaluate a two-step titration regimen with 16 mg for 4 weeks, 32 mg for 4 weeks, and 64 mg for 8 weeks. The study will assess safety, tolerability, pharmacokinetics (PK), and pharmacodynamics (PD) of DA-1726. Primary endpoints include monitoring adverse events (AEs), serious adverse events (SAEs), treatment-emergent adverse events (TEAEs), and AEs leading to treatment discontinuation. Secondary and exploratory endpoints include PK profiling and evaluation of metabolic, glycemic, lipid, and body composition measures, including weight, waist circumference, and body mass index (BMI), and other cardiometabolic measures.

For more information on this clinical trial, please visit: www.clinicaltrials.gov NCT06252220.

About DA-1726

DA-1726 is a novel oxyntomodulin (OXM) analogue functioning as a GLP1R/GCGR dual agonist for the treatment of obesity and Metabolic Dysfunction-Associated Steatohepatitis (MASH) that is to be administered once weekly subcutaneously. DA-1726 acts as a dual agonist of GLP-1 receptors (GLP1R) and glucagon receptors (GCGR), leading to weight loss through reduced appetite and increased energy expenditure. DA-1726 has a well understood mechanism and, in pre-clinical mice models, resulted in improved weight loss compared to semaglutide (Wegovy®), a leading GLP-1 receptor agonist. Additionally, in pre-clinical mouse models, DA-1726 elicited similar weight reduction, while consuming more food,


compared to tirzepatide (Zepbound®) and survodutide (a drug with the same MOA), while also preserving lean body mass and demonstrating improved lipid-lowering effects compared to survodutide. In the Phase 1 multiple ascending dose (MAD) trial in obesity, the 32 mg dose of DA-1726 demonstrated best-in-class potential for weight loss, glucose control, and waist circumference reduction.

About MetaVia

MetaVia Inc. is a clinical-stage biotechnology company focused on transforming cardiometabolic diseases. The company is currently developing DA-1726 for the treatment of obesity, and is developing vanoglipel (DA-1241) for the treatment of Metabolic Dysfunction-Associated Steatohepatitis (MASH). DA-1726 is a novel oxyntomodulin (OXM) analogue that functions as a glucagon-like peptide-1 receptor (GLP1R) and glucagon receptor (GCGR) dual agonist. OXM is a naturally-occurring gut hormone that activates GLP1R and GCGR, thereby decreasing food intake while increasing energy expenditure, thus potentially resulting in superior body weight loss compared to selective GLP-1 receptor agonists such as semaglutide. In a Phase 1 multiple ascending dose (MAD) trial in obesity, DA-1726 demonstrated best-in-class potential for weight loss, glucose control, and waist reduction. Vanoglipel is a novel G-protein-coupled receptor 119 (GPR119) agonist that promotes the release of key gut peptides GLP-1, GIP, and PYY. In pre-clinical studies, vanoglipel demonstrated a positive effect on liver inflammation, lipid metabolism, weight loss, and glucose metabolism, reducing hepatic steatosis, hepatic inflammation, and liver fibrosis, while also improving glucose control. In a Phase 2a clinical study, vanoglipel demonstrated direct hepatic action in addition to its glucose lowering effects.

For more information, please visit www.metaviatx.com.

Forward Looking Statements

Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believes", "expects", "anticipates", "may", "will", "should", "seeks", "approximately", “potential”, "intends", "projects", "plans", "estimates" or the negative of these words or other comparable terminology (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, without limitation, those risks associated with MetaVia's history of net losses, the sufficiency of its existing cash on hand to fund operations and raising additional capital; adverse global economic conditions; MetaVia’s ability to execute on its commercial strategy; the ability to obtain regulatory approval through the development steps of MetaVia's current and future product candidates; the ability to realize the benefits of the license agreement with Dong-A ST Co. Ltd., including the impact on future financial and operating results of MetaVia; the cooperation of MetaVia's contract manufacturers, clinical study partners and others involved in the development of MetaVia's current and future product candidates; potential negative interactions between MetaVia's product candidates and any other products with which they are combined for treatment; MetaVia's ability to initiate and complete clinical trials on a timely basis; MetaVia's ability to recruit subjects for its clinical trials; whether MetaVia receives results from MetaVia's clinical trials that are consistent with the results of pre-clinical and previous clinical trials; impact of costs related to the license agreement, known and unknown, including costs of any litigation or regulatory actions relating to the license agreement; the effects of changes in applicable laws, regulations or Nasdaq listing rules; the effects of changes to MetaVia's stock price; and other risks and uncertainties described in MetaVia's filings with the Securities and Exchange Commission, including MetaVia's most recent Annual


Report on Form 10-K. Forward-looking statements speak only as of the date when made. MetaVia does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

MetaVia

Marshall H. Woodworth

Chief Financial Officer

+1-857-299-1033

marshall.woodworth@metaviatx.com

Rx Communications Group

Michael Miller

+1-917-633-6086

mmiller@rxir.com


FAQ

What did MetaVia (MTVA) announce about its DA-1726 obesity trial?

MetaVia announced dosing the first patient in Part 3 of its Phase 1 DA-1726 trial. This higher-dose study tests new titration regimens over 16 weeks in obese, otherwise healthy adults to reach 48 mg and 64 mg while closely monitoring safety and tolerability.

How is the Phase 1 Part 3 DA-1726 study for MetaVia (MTVA) designed?

Phase 1 Part 3 will enroll 40 obese, otherwise healthy adults, randomized 4:1 to DA-1726 or placebo. Part 3A uses 16 mg then 48 mg; Part 3B uses 16 mg, then 32 mg, then 64 mg, all over 16 weeks, with extensive safety and pharmacology assessments.

What early DA-1726 results has MetaVia (MTVA) reported so far?

MetaVia reports approximately 9% weight loss at the 48 mg dose in a Phase 1 multiple ascending dose trial. It also cites reductions in waist circumference, improved glycemic control, early liver benefit signals, and a favorable tolerability profile, supporting further higher-dose evaluation.

When does MetaVia (MTVA) expect data from the higher-dose DA-1726 study?

MetaVia expects data from the higher-dose Part 3 Phase 1 DA-1726 study in the fourth quarter of 2026. These results should clarify the safety, tolerability, and metabolic effects of one-step and two-step titration strategies to 48 mg and 64 mg doses in obese adults.

What indications is MetaVia (MTVA) targeting with DA-1726 and vanoglipel?

MetaVia is developing DA-1726, a once-weekly GLP1R/GCGR dual agonist, for obesity and Metabolic Dysfunction-Associated Steatohepatitis (MASH). Vanoglipel (DA-1241), a GPR119 agonist, is being developed for MASH and has shown beneficial liver and glucose effects in pre-clinical and Phase 2a studies.

What are the primary endpoints in MetaVia’s DA-1726 Phase 1 Part 3 trial?

Primary endpoints include safety and tolerability measures: adverse events, serious adverse events, treatment-emergent adverse events, and events leading to discontinuation. Secondary and exploratory endpoints track pharmacokinetics, pharmacodynamics, and metabolic outcomes such as weight, waist circumference, BMI, and cardiometabolic measures.

Filing Exhibits & Attachments

4 documents