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SCIENCE OF CERTAINTY

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Trading statement Q1‑2026

Continued advancement of Biotech portfolio

Gubra kicks off the year with solid progress across its biotech portfolio and advancing clinical programs, including key obesity assets moving towards Phase 2 and a major step toward first-in-human studies for GUB-UCN2. Alongside this, the launch of Gubra Ventures marks a new chapter in accelerating innovation and future growth.

Our CRO business continues to demonstrate resilience in a challenging market, delivering strong quarter-on-quarter growth and expanding into new therapeutic areas.

Read the full Q1 trading statement and join the investor call.

target and peptide drug discovery

Gubra Biotech

Pipeline

Project/MoA
Disease area
Partner
Drug Discovery
Pre-Clinical
Phase 1
GUB-UCN2
(urocortin-2 analog)
Obesity
Gubra

Background

With current weight loss treatments, 20–40% of body weight reduction comes from unwanted loss of lean mass (muscles, bones, internal organs). Gubra’s UCN2 program is developed for high quality weight loss. In preclinical models UCN2 prevented incretin induced lean mass loos while enhancing fat mass reduction.

Internal

Compound

Urocortin-2 analogue and a potent and highly selective Corticotropin-releasing hormone receptor 2 (CRHR2) agonist that has been designed for weekly dosing.

GLP-1 combo
Obesity
Gubra

Background

Injectable peptide-based GLP-1 receptor (GLP1R) agonists have shown remarkable therapeutic success in the treatment of type2 diabetes and obesity, as a monotherapy or in combinations.

Internal

Compound

Undisclosed

Undisclosed
Obesity
Gubra

Background

Despite significant advancements with approved anti-obesity medications, a substantial medical need persists. Current therapies, while effective for many, often fall short in delivering sustained, long-term and muscle preserving weight loss.

Internal

Compound

Undisclosed

Undisclosed
Cachexia
Gubra

Background

Undisclosed

Internal

Compound

Undisclosed

ABBV-295
(amylin analog)
Obesity
AbbVie

Background

AbbVie and Gubra announced a license agreement to develop an amylin analog for the treatment of obesity. The agreement enables the incorporation of GUB014295, an amylin analogue discovered and developed by Gubra, into AbbVie's global infrastructure (ABBV-295). Amylin is a naturally occurring hormone secreted by pancreatic beta cells that plays a crucial role in energy balance and glucose homeostasis. As a satiety signal, it activates pathways in the brain to suppress appetite and reduce food intake.

Partner

Compound

A long-acting amylin analog.

Clinical

The Phase 1 clinical trial is a two-part, single center, double-blind (within cohorts), randomized, placebo-controlled, single (Part 1) and multiple (Part 2) ascending subcutaneous dose study of GUB014295. Part 1 has been completed; Part 2 is ongoing. More information on this trial can be found at https://www.clinicaltrials.gov/ (NCT: 06144684).

BI 1820237
(NPY2R agonist)
Undisclosed
Boehringer Ingelheim

Background

BI 1820237, which is fully outlicensed to Boehringer Ingelheim, is a long-acting neuropeptide Y receptor type 2 (NPY2R) agonist. In October 2024, Boehringer Ingelheim discontinued its development for obesity. Potential opportunities outside the obesity indication are now being explored by Boehringer Ingelheim.

Partner

Compound

Undisclosed

BI3034701
(triple GLP-1/GIP/NPY2 agonist)
Obesity
Boehringer Ingelheim

Background

BI 3034701 is an investigational, potential first in class triple GLP 1, GIP and NPY2 receptor agonist peptide being developed for the treatment of obesity and related metabolic diseases, based on Gubra discovered technology.

Partner

Compound

A long-acting triple agonist peptide with a potential to become a next-generation and first-in-class obesity treatment.

Clinical

BI 3034701 has completed a Phase 1, first in human, randomized, placebo controlled trial assessing safety, tolerability, and pharmacokinetics in healthy participants and individuals with overweight or obesity. Following completion of Phase 1, Boehringer Ingelheim plans to initiate Phase 2 clinical development in mid 2026 to further evaluate the compound’s potential. Under the collaboration and license agreement, Boehringer Ingelheim is responsible for global clinical development and commercialization.

Undisclosed
Obesity
Boehringer Ingelheim

Background

Further building on their history of successful partnership, Gubra and Boehringer Ingelheim have entered a collaboration taking a new approach to discover novel peptides to deliver innovative treatments with the aim of improving health outcomes for people living with obesity.

Partner

Compound

Undisclosed

AMX0318
(GLP-1R antagonist)
PBH & Other Rare Diseases
Amylyx

Background

AMX0318, a novel, long-acting GLP-1 receptor antagonist, was selected as a development candidate for post-bariatric hypoglycemia (PBH) and other rare diseases by Amylyx and was identified through a research collaboration with Gubra. AMX0318 has completed extensive preclinical evaluation, including stability, solubility, potency, in vivo pharmacokinetics and pharmacodynamics, and in vivo tolerability studies. Amylyx expects the program to advance into IND-enabling studies later this year with an IND targeted for 2027, pending successful completion of IND enabling studies.

Partner

Compound

A novel, long-acting GLP-1 receptor antagonist

Undisclosed
Bleeding Disorder
Hemab

Background

Undisclosed

Partner

Compound

Undisclosed

PTH analog
Hypoparathyroidism
Camurus

Background

Gubra and Camurus announced a collaboration and license agreement to develop a long-acting therapeutic option for treatment of hypoparathyroidism. This research and development program will combine Gubra’s parathyroid hormone (PTH) analogue, developed using its proprietary streaMLine peptide discovery platform, with Camurus’ FluidCrystal® technology to enable extended, patient-friendly dosing.

Partner

Compound

A long-acting PTH analogue.

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Drug Discovery & Development

Gubra has a long history of successful peptide drug discovery. Our AI-driven streaMLine platform quickly develops a peptide hit into a clinical ready drug candidate with balanced properties and strong IP protection. We do linear peptides, cyclic peptides, disulfide-rich peptides (DRP), peptide drug-conjugates and more.

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Partnering

Gubra is known as a professional and scientific strong collaboration partner, and we have several successful partnerships ongoing. Our agile and data-driven approach to project management is valued by our partners and is key to our success and speed. Partnerships are important to us, and we always look for new collaboration opportunities.

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Highly Specialized Preclinical Solutions

Gubra CRO

Swipe to see all services

Liver (MASH)

Explore our industry-leading preclinical MSH model portfolio. Our GAN DIO-MASH mouse model is ranked #1 by the LITMUS consortium for human translatability. Profile your drug candidate in our biopsy-confirmed mouse models of MASH, using clinical endpoints and AI-assisted histological analyses.

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Obesity

We have more than 15 years experience within preclinical obesity studies to help progress your drug candidate. We provide off-the-shelf diet-induced obese (DIO) rodent models for profiling the efficacy and mode of action of your compound on endpoints ranging from food intake over energy expenditure to whole-brain activation signatures.

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Kidney (CKD/DKD)

Progress your drug discovery with Gubra’s broad portfolio of mouse models recapitulating acute and chronic kidney diseases. Our ReninAAV hypertension-accelerated diabetic kidney disease (DKD) mouse is one of the most advanced models available for profiling drug candidates with therapeutic potential in DKD.

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CNS

Gubra’s unique 3D light sheet imaging platform can visualize drug distribution, map drug targets and quantify therapeutic responses in the intact brain at single cell resolution. Our fully automated light sheet imaging pipeline accommodates up to 100 brains per study with a fast turn-around time of 2.5 months. Get instant access to your imaging data in our interactive atlas-guided 3D brain-viewer.

CNS_front
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Lung (IPF)

We provide end-to-end customized studies in our spirometry-confirmed and bleomycin-induced mouse models of idiopathic pulmonary fibrosis (IPF). Accelerate your drug candidate by exploring pivotal lung functional endpoints in combination with AI-assisted histopathological scoring and quantitative histology.

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Diabetes

We are experts in preclinical diabetes research, and offer customized studies in canonical rodent models of type 2 and type 1 diabetes to guide development of your anti-diabetic compound. Study data provided by our multidisciplinary teams can inform about efficacy on metabolic and glycemic endpoints as well as whole-pancreas islet and β-cell numbers for interpreting mode of action.

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Women’s Health

We offer preclinical female health animal models for primary ovarian insufficiency (POI) and polycystic ovary syndrome (PCOS). We evaluate reproductive system function through estrous cycle monitoring, oocyte counts, and follicle classification using both traditional histology and whole-ovary light-sheet fluorescence microscopy (LSFM).

Gubra. Labs 1-4  Hørsholm
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Muscle (Sarcopenia)

Our integrated muscle research platform enables comprehensive assessment of muscle size, composition, and function. Using AI-powered 3D imaging, we deliver high-resolution, quantitative analysis of histological endpoints within intact muscle compartments, combined with advanced in vivo and ex vivo readouts for a multidimensional view of muscle biology.

GUBRA53070
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3D imaging

Gubra’s light-sheet microscopy platform allows for 3D imaging of all organs in the mouse and rat. Our fully automated imaging pipeline works seamlessly in combination with our in vivo models and in-house developed AI-driven image analysis to ensure precision-mapping of drug distribution and quantification of histological endpoints.

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Histology

High-quality histology is essential in preclinical drug development and can inform about drug mode of action. We offer routine and advanced histology services, including core histology, multiplex immunohistochemistry and RNAScope®.

Col1a1_5-6Nx_Rat
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RNAseq

We offer a full palette of advanced sequencing technologies, including bulk RNAseq, single-nucleus RNAseq, spatial transcriptomics and ATACseq. We accept most types of tissues, including fresh frozen or archival samples (FFPE). Trust Gubra for fast turnaround and expert bioinformatics. Get instant access to your data in GubraView, our interactive data viewer.

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Non-rodent studies

Advance your preclinical drug candidate by performing PK and gut microbiome studies in minipigs, a non-rodent model of choice in late-stage preclinical drug development programs.

minipigs_forside
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Venture creation and incubation

Gubra Ventures

What is a venture?

Some opportunities are best advanced in Gubra Biotech, while others benefit from the focus, speed, and optionality that dedicated venture structures provide. A maturing platform meets a changing innovation landscape. Ventures is a differentiated model built on depth, discipline, and partnership.

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Science with purpose

About us

Biotech, CRO & Ventures

Gubra is a biotech company built on three synergistic business units, Biotech, CRO Services, and Ventures, united by a commitment to scientific excellence, strong partnerships, and responsible impact. ESG principles are embedded in our business model, including Gubra Green, our subsidiary that allocates 10% of pre-tax profits to support a net-zero, nature-positive future.

About us

 

Workplace full of opportunities

We offer an exciting and challenging work environment, where job satisfaction and personal development are top priorities. Together, we are scientific entrepreneurs. Explore our open positions if you would like to join the Gubra team.

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We are scientific entrepreneurs

Investors

Investor Relations

We are committed to providing our shareholders and the media with reliable and transparent information about our business, discovery & development programs and results in an open and timely manner.

Gubra announces deal with AbbVie amounting to more than $ 2.2 billion

The agreement enables AbbVie to develop GUBamy, our in-house developed, best-in-class, long-acting amylin analog in development for weight management. Gubra will receive $350 million in total upfront payment and will be eligible to receive up to $1.875 billion in development, commercial and sales milestone payments with tiered royalties on global net sales.

Press release

We act responsibly

Sustainability

Our commitment

At Gubra, sustainability and business go hand in hand. We have committed ourselves to invest 10% of our pre-tax profit in green initiatives which is our most impactful contribution to a sustainable future.

dummy-gubragreen
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Sustainability in action

Explore Gubra’s commitment towards a more sustainable and biodiverse world. Together, we can make a difference, one action at a time.

gubra_sustainability_hoe-sommerfugl
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For further information

Contact us

Gubra

Hørsholm Kongevej 11B
2970 Hørsholm
Denmark

+45 3152 ­2650

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