Tirzepatide is a novel dual GIP and GLP-1 receptor agonist approved by the FDA to treat type 2 diabetes and obesity. It works by binding to and activating GIP and GLP-1 receptors, stimulating insulin secretion and reducing blood sugar levels while promoting weight loss. Clinical trials showed tirzepatide was more effective at reducing HbA1c and body weight than other agents like semaglutide. The once weekly dosing of tirzepatide offers an improved treatment option for patients with type 2 diabetes and obesity.