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CLAIM #48695 · Pfizer Inc (PFE) · 2025Q4 earnings call · Feb 3, 2026 · due Dec 31, 2027

we hope to update later data later this year. Start the phase two study this year, and then next year, the phase three study for the combination.

Chris Boshoff · Chief Scientific Officer

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Initiation of Phase 2 study for 3944+3945 combination this year, and Phase 3 study initiation next year

It came true if: Company confirms Phase 2 combination study start in 2026 and Phase 3 combination study start in 2027

Where: Company press releases, clinicaltrials.gov listings, or quarterly earnings call commentary

In context

ltra-high efficacy tier with agents like Lilly's g g g, or is the value add potentially more in GLP-1 non-responders? Just sort of curious because it seems like what you have with the monotherapy approach can make you competitive with ZEPBOUND and Meritide. So just sort of curious how you think about the combo and where that fits. Albert Bourla: Why don't I ask Chris to give a little bit of science behind this combination, and then we'll ask Aamir and Alexandre to comment on how that can be marketed. Chris Boshoff: Yeah. We will have optionality because we are developing in place through both the single agent 3944 as well as the combination 3944 plus 3945. Everything we've seen thus far suggests to us, to your point, that we should get increased efficacy for the combination and that's why we hope to update later data later this year. Start the phase two study this year, and then next year, the phase three study for the combination. Albert Bourla: And then, Aamir, how do you think this playing as a portfolio? Aamir Malik: Yeah. Jason, so I think the quick answer would be, look. I think we're in the very early innings of a large market where there is still significant unmet need. Right? There's more convenient dosing that's needed, higher weight loss for certain BMI patients, GI tolerabilities need to improve, maintenance strategies, friction in the patient journey. So our belief is that there's not gonna be one single asset that serves all those patients. People are going to have different starting points, goals, preferences on their dosing and route of administration, comorbidities, their willingness to pay. And what you need to win in a market like that is, one, you need a great portfolio of products that can serve

Verify independently

SEC filings for PFE · Claim quote is verbatim from the 2025Q4 earnings call.