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CORALreef Lipids

A Placebo-Controlled Trial of the Oral PCSK9 Inhibitor Enlicitide

Year of Publication: 2026

Authors: Ann Marie Navar, Elina Mikhailova, Alberico L. Catapano, ..., Christie M. Ballantyne; for the CORALreef Lipids Investigators

Journal: New England Journal of Medicine

Citation: N Engl J Med 2026;394:529-39. DOI: 10.1056/NEJMoa2511002

Link: https://clinicaltrials.gov/ct2/show/NCT05952856


Clinical Question

Does the oral PCSK9 inhibitor enlicitide effectively lower LDL cholesterol levels compared to placebo in adults with established atherosclerotic cardiovascular disease or at high risk for a first ASCVD event?

Bottom Line

Once-daily oral enlicitide 20 mg reduced LDL cholesterol by approximately 56–60 percentage points compared to placebo at 24 weeks, with 67.5% of patients achieving LDL-C <55 mg/dL with ≥50% reduction. The drug also significantly lowered non-HDL cholesterol, apolipoprotein B, and lipoprotein(a), with no apparent increase in adverse events. This oral PCSK9 inhibitor offers efficacy comparable to injectable anti-PCSK9 monoclonal antibodies.

Major Points

  • First phase 3 trial of an oral PCSK9 inhibitor (enlicitide decanoate) for LDL-C lowering
  • Enlicitide reduced LDL-C by 57.1% vs +3.0% increase with placebo at 24 weeks (adjusted difference −55.8 pp, p<0.001)
  • Effect sustained at 52 weeks with adjusted difference of −47.6 percentage points
  • LDL-C reduction (adjusted -55.8 pp primary / -59.7 pp post-hoc) is comparable to injectable PCSK9 inhibitors from phase 3 trials: alirocumab -62 pp at week 24, evolocumab -59 pp at week 48, inclisiran -47 pp (ORION-10) and -43 pp (ORION-11) at day 510. Greater than oral bempedoic acid (-18 pp) and ezetimibe (-19 pp), and obicetrapib (-33 pp).
  • Non-HDL-C reduced by 53.4 pp, ApoB by 50.3 pp, and Lp(a) by 28.2 pp vs placebo
  • 67.5% achieved LDL-C <55 mg/dL with ≥50% reduction (vs 1.2% placebo)
  • No significant differences in adverse events, serious adverse events, or deaths
  • No increase in new-onset or worsening diabetes mellitus
  • High adherence (97.2%) to daily oral dosing with fasting requirements
  • Cardiovascular outcomes trial (CORALreef Outcomes) ongoing with projected completion December 2029
  • Post-hoc reanalysis with revised handling of biologically impossible beta-quantification values: true between-group LDL-C reduction was -59.7 pp at week 24 (95% CI -62.3 to -57.1) and -52.4 pp at week 52 — larger than the primary analysis due to protocol-prespecified data-handling rule that converted biologically impossible values to 1 mg/dL rather than treating them as missing.
  • Open-label extension study ongoing (NCT06492291) to assess long-term durability and adherence beyond 52 weeks.

Design

Study Type: Phase 3, multinational, double-blind, randomized, placebo-controlled trial

Randomization: 1

Blinding: Double-blind; participants and investigators blinded to treatment assignment; matching placebo (note: placebo did not contain sodium caprate excipient)

Enrollment Period: August 2023 to July 2025

Follow-up Duration: 52 weeks treatment + 8 weeks safety follow-up

Centers: 168

Countries: USA, Japan, UK, Spain, Colombia, South Africa, Argentina, China, Italy, and 5 other countries (14 countries total, per paper)

Sample Size: 2904

Analysis: Intention-to-treat; ANCOVA model with baseline value as covariate, treatment and stratification factors (renal function, geographic region) as fixed effects; washout imputation for missing data; nonparametric bootstrap (1000 samples) for CIs; aligned-rank Wilcoxon test for Lp(a); hierarchical testing for multiplicity control

Registration: NCT05952856


Inclusion Criteria

  • Age ≥18 years
  • History of major ASCVD event (ACS, MI, coronary revascularization, ischemic stroke, cerebrovascular revascularization, or PAD with acute limb ischemia/revascularization/major amputation) with LDL-C ≥55 mg/dL
  • OR intermediate-to-high risk for first ASCVD event (heterozygous FH, diabetes, stable angina, prior TIA, symptomatic PAD, age ≥40 with 10-year ASCVD risk ≥7.5%, or CAC score ≥100) with LDL-C ≥70 mg/dL
  • Stable dose of appropriate lipid-lowering therapy for ≥30 days (including at least moderate- or high-intensity statin unless documented statin intolerance)

Exclusion Criteria

  • Active or recent treatment with a PCSK9 inhibitor
  • Uncontrolled hypertension
  • Uncontrolled diabetes
  • Active liver disease
  • Triglyceride level ≥400 mg/dL at screening

Arms

FieldEnlicitideControl
InterventionEnlicitide decanoate 20 mg oral tablet once daily, taken in the morning on an empty stomach with food/beverages (other than water) withheld for 30 minutes after dosing; formulation contains sodium caprate as permeation enhancerMatching placebo tablet once daily with same administration instructions; formulation did not contain sodium caprate
Duration52 weeks52 weeks

Outcomes

OutcomeTypeControlInterventionHR / OR / RRP-value
Mean percent change in LDL cholesterol level from baseline to week 24Primary+3.0% (95% CI 0.9 to 5.1)−57.1% (95% CI −61.8 to −52.5)<0.001
Mean percent change in LDL-C from baseline to week 52 | Adjusted Difference: −47.6 percentage points; 95% CI: −52.7 to −42.5Secondary+4.0% (95% CI 1.7 to 6.3)−50.4% (95% CI −54.2 to −46.6)<0.001
Mean percent change in non-HDL-C from baseline to week 24 | Adjusted Difference: −53.4 percentage points; 95% CI: −55.5 to −51.2Secondary+2.6% (95% CI 0.8 to 4.5)−53.7% (95% CI −55.0 to −52.5)<0.001
Mean percent change in ApoB from baseline to week 24 | Adjusted Difference: −50.3 percentage points; 95% CI: −52.1 to −48.5Secondary+2.9% (95% CI 1.3 to 4.4)−49.6% (95% CI −50.8 to −48.5)<0.001
Median percent change in Lp(a) from baseline to week 24 | Median Difference: −28.2 percentage points; 95% CI: −30.3 to −26.0Secondary0.0% (IQR −14.9 to 13.3)−29.0% (IQR −50.4 to −7.0)<0.001
LDL-C <70 mg/dL with ≥50% reduction at week 24Secondary1.5%70.3%Not reported
LDL-C <55 mg/dL with ≥50% reduction at week 24Secondary1.2%67.5%Not reported
Post-hoc reanalysis — LDL-C % change from baseline to week 24 (treating biologically impossible beta-quantification values as missing instead of converting to 1 mg/dL)SecondaryN/A (reanalysis of primary analysis)-59.7 percentage points (95% CI -62.3 to -57.1)<0.001
Post-hoc reanalysis — LDL-C % change from baseline to week 52SecondaryN/A (reanalysis)-52.4 percentage points (95% CI -55.1 to -49.7)<0.001
Any adverse eventAdverse602/969 (62.1%)1244/1935 (64.3%)
Serious adverse eventAdverse116/969 (12.0%)191/1935 (9.9%)
Moderate or severe adverse eventAdverse314/969 (32.4%)649/1935 (33.5%)
Discontinuation due to AEAdverse40/969 (4.1%)60/1935 (3.1%)
DeathAdverse7/969 (0.7%)13/1935 (0.7%)
New-onset or worsening diabetes mellitusAdverse56/969 (5.8%)119/1935 (6.1%)
Drug-induced liver injuryAdverse0 (0%)0 (0%)
Diabetes mellitus (AE)Adverse42/969 (4.3%)79/1935 (4.1%)
NasopharyngitisAdverse40/969 (4.1%)74/1935 (3.8%)
COVID-19Adverse22/969 (2.3%)66/1935 (3.4%)

Subgroup Analysis

Subgroup analyses for primary endpoint showed consistent LDL-C reduction across prespecified subgroups (Figure S3 in supplement). Results not detailed in main publication.


Criticisms

  • Efficacy results reflect clinical trial setting rather than real-world adherence
  • Protocol-prespecified data-handling rule for beta-quantification led to transformation of biologically impossible LDL-C values (≤0) to 1 mg/dL, underestimating treatment effect in primary analysis
  • 52-week follow-up is short relative to lifetime lipid-lowering therapy; long-term durability unknown
  • Missing data from deceased participants were imputed
  • Trial not powered to detect rare adverse events
  • Placebo formulation did not contain sodium caprate (permeation enhancer present in active drug), potentially affecting blinding
  • Cardiovascular outcomes not assessed — awaiting CORALreef Outcomes trial (projected completion 2029)
  • Requires fasting administration (30 min before food) which may affect real-world adherence

Funding

MSD (Rahway, NJ); Sponsor designed trial in collaboration with scientific advisory committee, performed data analysis, and participated in manuscript preparation

Based on: CORALreef Lipids (New England Journal of Medicine, 2026)

Authors: Ann Marie Navar, Elina Mikhailova, Alberico L. Catapano, ..., Christie M. Ballantyne; for the CORALreef Lipids Investigators

Citation: N Engl J Med 2026;394:529-39. DOI: 10.1056/NEJMoa2511002

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