Background: Tezepelumab is a human monoclonal antibody that blocks thymic stromal lymphopoietin, which has shown increased expression in patients with chronic obstructive pulmonary disease (COPD) compared with healthy individuals. We aimed to assess the efficacy and safety of tezepelumab in patients with moderate to very severe COPD despite receiving triple inhaled therapy., Methods: COURSE was a double-blind, randomised, placebo-controlled, phase 2a trial across 90 sites in ten countries in Asia, Europe, and North America. Eligible participants were aged 40-80 years, had moderate to very severe airflow limitation, were receiving triple inhaled maintenance therapy, and had at least two moderate to severe COPD exacerbations in the 12 months before enrolment. Patients were randomly assigned (1:1) to receive tezepelumab 420 mg or placebo subcutaneously every 4 weeks for up to 52 weeks. Randomisation was stratified by geographical region and by number of exacerbations in the 12 months before enrolment. Participants, investigators, site staff, and the study sponsor were masked to treatment assignment. The primary endpoint was the annualised rate of moderate or severe COPD exacerbations over 52 weeks. A prespecified subgroup analysis assessed the primary endpoint in patients grouped by baseline blood eosinophil counts (BECs). Efficacy and safety were assessed in all patients who received at least one dose of study drug. This trial is registered with ClinicalTrials.gov, NCT04039113 (completed)., Findings: Between July 30, 2019, and Oct 4, 2022, 333 patients (mean age 67·2 years [SD 7·0]; 145 [44%] female and 188 [56%] male; 293 [88%] White, 34 [10%] Asian, and four [1%] Black or African American) were randomly assigned and treated with tezepelumab (n=165) or placebo (n=168). The annualised rate of moderate or severe COPD exacerbations over 52 weeks was 1·75 for tezepelumab versus 2·11 for placebo (rate ratio 0·83 [90% CI 0·64-1·06]; p=0·10 [one-sided]; the primary endpoint was not met). In prespecified subgroup analyses, the annualised rate of moderate or severe COPD exacerbations over 52 weeks was 2·04 with tezepelumab versus 1·71 with placebo (rate ratio 1·19 [95% CI 0·75-1·90]) in patients with a baseline BEC of less than 150 cells per μL, 1·64 versus 2·47 (0·66 [0·42-1·04]) in patients with a baseline BEC of 150 cells per μL to less than 300 cells per μL, and 1·20 versus 2·24 (0·54 [0·25-1·15]) in patients with a baseline BEC of 300 cells per μL or higher. Adverse events occurred in 133 (81%) of 165 patients in the tezepelumab group and 126 (75%) of 168 patients in the placebo group. Serious adverse events occurred in 49 (30%) patients in the tezepelumab group and 50 (30%) patients in the placebo group. Five patients died while receiving study treatment: two in the tezepelumab group and three in the placebo group. No deaths were determined to be causally related to study treatment by investigator assessment., Interpretation: A significant reduction was not observed in the annualised rate of moderate or severe COPD exacerbations with tezepelumab versus placebo. Further studies are required to evaluate the efficacy of tezepelumab in patients with moderate to very severe COPD, particularly in patients with a baseline BEC of 150 cells per μL or higher. Tezepelumab was well tolerated, with no safety concerns identified., Funding: AstraZeneca and Amgen., Competing Interests: Declaration of interests DS has received personal fees from Aerogen, AstraZeneca, Boehringer Ingelheim, Chiesi, Cipla, CSL Behring, EpiEndo Pharmaceuticals, Genentech, Glenmark Pharmaceuticals, Gossamer Bio, GSK, Kinaset Therapeutics, Menarini Group, Novartis, PULMATRiX, Sanofi, Synairgen, Teva Pharmaceuticals, Theravance Biopharma, and Verona Pharma, and has a leadership or fiduciary role in the Global Initiative for Chronic Obstructive Lung Disease (science committee). CEB has received grants and consultancy fees from 4D Pharma, Areteia Therapeutics, AstraZeneca, Chiesi, Genentech, Global Access Diagnostics, GSK, Novartis, Regeneron Pharmaceuticals, Roche, and Sanofi. KFR has received payment or fees for lectures, presentations, speakers bureaus, manuscript writing, or educational events from AstraZeneca, Berlin-Chemie, Boehringer Ingelheim, Chiesi, GSK, Novartis, Regeneron Pharmaceuticals, Roche, and Sanofi, and has received fees for advisory board participation from AstraZeneca, Boehringer Ingelheim, Regeneron Pharmaceuticals, and Sanofi. MKH has received grant support from the American Lung Association, AstraZeneca, Biodesix, Boehringer Ingelheim, the COPD Foundation, Gala Therapeutics, Novartis, Nuvaira, Sanofi, Sunovion, and the US National Institutes of Health; has received royalties from Norton Publishing, Penguin Random House, and UpToDate; has received consultancy fees from Aerogen, Altesa BioPharma, Amgen, Apreo Health, AstraZeneca, Boehringer Ingelheim, DevPro Biopharma, Genentech, GSK, Merck, Mylan, Novartis, Polarian, Pulmonx, Regeneron Pharmaceuticals, Roche, RS Biotherapeutics, Sanofi, Teva Pharmaceuticals, and Verona Pharma; has received personal fees from AstraZeneca, Boehringer Ingelheim, GSK, and Novartis; has received speaker fees from AstraZeneca, Boehringer Ingelheim, Chiesi, Cipla, GSK, Integrity, Medscape, MedWiz Pharmacy, and NACE; has received fees for advisory board participation from Novartis and Medtronic; owns stock in Alesa BioPharma and Meissa Vaccines; and has leadership or fiduciary roles in the COPD Foundation (scientific committee and board member), the American Lung Association (advisory committee and volunteer spokesperson), the American Thoracic Society (journal editor), the Global Initiative for Chronic Obstructive Lung Disease (science committee), and the Emerson School Board, Ann Arbor, MI, USA. SAC has received fees for advisory board participation from AstraZeneca, Glenmark Pharmaceuticals, and Regeneron Pharmaceuticals; has received consultancy fees from Sanofi; has received fees for authorship from UpToDate for an article about Genomic Tools; and has received fees for non-branded talks by AstraZeneca, GSK, Regeneron Pharmaceuticals, and Sanofi. MBD has received grants from Boehringer Ingelheim, Midmark, and Teva Pharmaceuticals, and has received personal fees from AstraZeneca, Becker Pharma, Boehringer Ingelheim, Chiesi, GSK, Midmark, Optimum Patient Care, Polarean, Teva Pharmaceuticals, and Verona Pharma. AP has received grants from AstraZeneca, Chiesi, GSK, the Italian Medicines Agency, and Sanofi; has received consultancy fees from AstraZeneca, Avillion, Chiesi, ELPEN Pharmaceuticals, GSK, Novartis, and Sanofi; has received presentation fees from AstraZeneca, Avillion, Chiesi, Edmond Pharma, ELPEN Pharmaceuticals, GSK, IQVIA, Menarini Group, Mundipharma, Novartis, Sanofi, and Zambon; has participated in advisory boards for AstraZeneca, Avillion, Chiesi, ELPEN Pharmaceuticals, GSK, IQVIA, MSD, Novartis, and Sanofi; and has a leadership or fiduciary role in the Global Initiative for Chronic Obstructive Lung Disease (science committee). IDP has received speaker fees from Aerocrine AB, Almirall, AstraZeneca, Boehringer Ingelheim, Chiesi, GSK, Novartis, Regeneron Pharmaceuticals, Sanofi, and Teva Pharmaceuticals; has received payments for organisation of educational events from AstraZeneca, GSK, Regeneron Pharmaceuticals, Sanofi, and Teva Pharmaceuticals; has received consultancy fees from Almirall, AstraZeneca, Boehringer Ingelheim, Chiesi, Circassia, Dey Pharma, Genentech, GSK, Knopp Biosciences, Merck, MSD, Napp Pharmaceuticals, Novartis, Regeneron Pharmaceuticals, RespiVert, Sanofi, Schering-Plough, and Teva Pharmaceuticals; has received international scientific meeting sponsorship from AstraZeneca, Boehringer Ingelheim, Chiesi, GSK, Napp Pharmaceuticals, Regeneron Pharmaceuticals, Sanofi, and Teva Pharmaceuticals; and has a leadership or fiduciary role in the Global Initiative for Chronic Obstructive Lung Disease (science committee). NAM is an employee of Amgen and owns stock in Amgen. GA, AK, ÅH, MG, NSS, and SSP are employees of AstraZeneca and own stock or stock options in AstraZeneca., (Copyright © 2024 Elsevier Ltd. All rights reserved, including those for text and data mining, AI training, and similar technologies.)