The $90m will be used to launch the second of two pivotal trials examining the company’s therapy for patients living with heart failure.
Topline data from Hengrui’s Phase II trial for its GLP-1/GIP product demonstrated a statistically significant mean weight loss of 22.8%.
BlueRock has said it is launching the Phase III trials in the first half of this year after Phase I talks with the US FDA.
Amgen presented data about its obesity drug at JP Morgan 2025, stating it hopes the once-monthly dosing will make it an attractive therapy.