Hepatotoxicity of immune checkpoint inhibitor plus targeted therapy versus tyrosine kinase inhibitor monotherapy in unresectable hepatocellular carcinoma: a systematic review and meta-analysis
Highlight box
Key findings
• Immune checkpoint inhibitor (ICI) plus target therapy showed increased hepatotoxicity versus tyrosine kinase inhibitor (TKI) monotherapy in unresectable hepatocellular carcinoma (HCC), especially elevated bilirubin levels.
What is known and what is new?
• ICI-based combination therapies have revolutionized the treatment paradigm for unresectable HCC.
• We analyzed data from 4,379 patients with unresectable HCC enrolled in 8 randomized controlled trials. Our findings indicated that combination therapy was associated with a higher incidence of hepatotoxicity compared with TKI monotherapy, especially elevated bilirubin levels.
What is the implication, and what should change now?
• ICI-based combination therapies confer clear survival benefits; however, the potential for significant hepatotoxicity in patients must not be overlooked.
• It is necessary to conduct hepatitis virus screening, liver function grading and assessment, control active drug-induced liver injury, and provide timely treatment after the occurrence of ICI-related hepatotoxicity.
Introduction
Hepatocellular carcinoma (HCC), the predominant histological subtype of primary liver cancer, ranks as the third leading cause of cancer-related mortality globally (1). Chronic hepatitis B virus (HBV) infection is the dominant etiological factor, especially in highly endemic regions such as China, where HCC cases and related deaths account for an increasing proportion of the global total (2). For decades, treatment options for unresectable HCC were severely limited, resulting in persistently dismal long-term survival (3,4). The development of vascular endothelial growth factor (VEGF)-targeted tyrosine kinase inhibitors (TKIs; e.g., lenvatinib, sorafenib) represented a major breakthrough, establishing these agents as guideline-endorsed first-line treatments (5,6). Despite this progress, clinical benefits remain modest, with 5-year overall survival rates remaining below 10%. Furthermore, long-term TKI exposure is frequently complicated by substantial toxicities including hypertension, proteinuria, bleeding diatheses, and hand-foot skin reaction, all of which impair quality of life and limit treatment persistence (7).
In recent years, tumor cells have been shown to evade host immune surveillance by exploiting immune checkpoint pathways to suppress T-cell activity (8). The advent of immune checkpoint inhibitors (ICIs) has established these agents as a cornerstone of treatment for unresectable HCC (9), but response rates to single-agent ICI therapy remain suboptimal, providing a strong rationale for combination strategies to enhance antitumor activity. As ICI-containing regimens are increasingly integrated into routine HCC care, immune-related adverse events have become a major focus of oncologic safety research. Among these, drug-induced liver injury and exacerbation of pre-existing hepatic dysfunction represent critical safety concerns in HCC, where underlying liver disease is ubiquitous (10). Moreover, VEGF-targeted TKIs are independently associated with hepatotoxicity, suggesting that ICI plus targeted therapy may impose additive or synergistic liver injury risk (11). Patients with HCC are inherently predisposed to liver enzyme abnormalities due to underlying tumor burden and chronic HBV infection, so clinical management must balance antitumor efficacy with vigilant mitigation of drug-related hepatotoxicity (12).
Clinical data directly comparing hepatotoxicity-related serious adverse events (SAEs) and fatal adverse events (FAEs) between ICI-based combination therapy and TKI monotherapy in HCC remain extremely scarce. These patients are at heightened risk of severe complications, including acute-on-chronic liver failure, progressive hepatic dysfunction, and death. Accordingly, we performed this meta-analysis to compare the hepatotoxicity profiles of ICI-based combination therapies versus standard TKI monotherapy in patients with unresectable HCC. We present this article in accordance with the PRISMA reporting checklist (available at https://tcr.amegroups.com/article/view/10.21037/tcr-2026-1-0342/rc).
Methods
Search strategy
A comprehensive literature search was performed across the Cochrane Library, Embase, and PubMed databases from inception to March 2026. Search terms included “Programmed cell death protein-ligand 1 (PD-L1) inhibitors”, “Programmed cell death protein-1 (PD-1) inhibitors”, “HCC”, “anti-angiogenic therapy”, and related synonyms. The search was restricted to published, English-language randomized controlled trials (RCTs).
Inclusion and exclusion criteria for the literature
We enrolled only studies meeting the inclusion criteria: (I) subjects: patients with unresectable HCC; (II) intervention: combination therapy of PD-1/PD-L1 inhibitors with anti-angiogenic agents; (III) control group: monotherapy with TKI; (IV) results: all studies reported at least one safety outcome, including data on one prespecified hepatic safety endpoint (hepatotoxicity-related SAE or FAE). Exclusion criteria include non-original research (for instance, case reports, reviews, consensus documents and letters to the editor), non-randomized studies (like animal studies, preclinical studies, retrospective studies), conference abstracts, and studies with incomplete data or fewer than 10 patients.
Data extraction
Two independent investigators (S.W. and Y.H.) screened citations and extracted data using a standardized electronic form. A third independent researcher (Y.W.) resolved disputes and validated the final dataset. Study identifiers (year, authors, title), design, treatment specifics (regimen, dosage), patient characteristics (number, stage, age, gender), and safety results (FAEs, SAEs) were among the extracted data. Grade ≥3 adverse events were classified as SAEs. FAEs were classified as grade 5 adverse events (treatment-related deaths).
Risk of bias and quality assessment
To assess the risk of bias in the chosen studies, two independent researchers (F.C. and S.W.) used the Cochrane Systematic Review Risk of Bias Assessment Tool (13). Random sequence creation, blinding of outcome assessment, allocation concealment, selective reporting, insufficient outcome data, as well as other biases were among the domains in which the risk of bias was evaluated. A third researcher (M.L.) was consulted in order to settle any disputes that came up throughout the evaluation.
Statistical analysis
All statistical analyses were performed using Review Manager (RevMan) version 5.4. A random-effects model was applied to account for anticipated interstudy heterogeneity. Pooled effects were reported as odds ratios (ORs) with 95% confidence intervals (CIs). Statistical significance was defined as a two-sided P<0.05. Heterogeneity was quantified using the I2 statistic and Cochran’s Q test; I2>50% was considered indicative of substantial heterogeneity. Sensitivity analyses were conducted by sequentially omitting individual trials to assess the robustness of pooled estimates when significant heterogeneity was detected.
Results
Search results and literature characteristics
The initial database search identified 5,749 articles. After screening and deduplication, 8 RCTs were included for analysis, involving 4,379 patients with unresectable HCC who had not received prior systemic treatment (Figure 1). Experimental regimens comprised 6 PD-1 + VEGF inhibitor combinations [camrelizumab plus rivoceranib (14), sintilimab plus bevacizumab (15), pembrolizumab plus lenvatinib (16), penpulimab plus anlotinib (17), toripalimab plus bevacizumab (18) and finotonlimab plus bevacizumab (19)] and 2 PD-L1 + VEGF inhibitor combinations [atezolizumab plus bevacizumab (20) and atezolizumab plus cabozantinib (21)]. Six trials were phase 3, and two were phase 2–3, published between 2021 and 2025. Detailed baseline characteristics are summarized in Table 1.
Table 1
| Study | Study design | Phase | Sample size | Median age (years) | Interventions | Median follow-up (months) | |
|---|---|---|---|---|---|---|---|
| Arms | N | ||||||
| PD-1 plus VEGF inhibitors | |||||||
| Qin et al., 2023 (CARES-310) | RCT | 3 | Study | 272 | 58 | Camrelizumab 200 mg every 2 weeks plus rivoceranib 250 mg orally once daily | 14.5 |
| Control | 271 | 56 | Sorafenib 400 mg orally twice daily | ||||
| Ren et al., 2021 (ORIENT-32) | RCT | 2–3 | Study | 380 | 53 | Sintilimab 200 mg plus bevacizumab 15 mg/kg every 3 weeks | 15.8 |
| Control | 191 | 54 | Sorafenib 400 mg orally twice daily | ||||
| Llovet et al., 2023 (LEAP-002) | RCT | 3 | Study | 395 | 66 | Pembrolizumab 200 mg every 3 weeks plus lenvatinib 8 mg (bodyweight <60 kg) or 12 mg (bodyweight ≥60 kg) orally once daily | 32.1 |
| Control | 399 | 66 | Lenvatinib 8 mg (bodyweight <60 kg) or 12 mg (bodyweight ≥60 kg) orally once daily | ||||
| Zhou et al., 2025 (APOLLO) | RCT | 3 | Study | 433 | 57 | Penpulimab 200 mg every 3 weeks plus anlotinib 10 mg orally once daily | 15.3/14.5 |
| Control | 216 | 56 | Sorafenib 400 mg orally twice daily | ||||
| Shi et al., 2025 (HEPATORCH) | RCT | 3 | Study | 162 | 58 | Toripalimab 240 mg plus bevacizumab 15 mg/kg every 3 weeks | 16.4 |
| Control | 164 | 56 | Sorafenib 400 mg orally twice daily | ||||
| Zhao et al., 2025 (SCT-I10A-C301) | RCT | 2–3 | Study | 230 | 57 | Finotonlimab 200 mg plus bevacizumab 15 mg/kg every 3 weeks | 32.3 |
| Control | 116 | 56 | Sorafenib 400 mg orally twice daily | ||||
| PD-L1 plus VEGF inhibitors | |||||||
| Cheng et al., 2022 (IMbrave150) | RCT | 3 | Study | 336 | NA | Atezolizumab 1,200 mg plus bevacizumab 15 mg/kg every 3 weeks | 17.6/10.4 |
| Control | 165 | NA | Sorafenib 400 mg orally twice daily | ||||
| Kelley et al., 2022 (COSMIC-312) | RCT | 3 | Study | 432 | 64 | Atezolizumab 1,200 mg every 3 weeks plus cabozantinib 40 mg orally once daily | 15.8 |
| Control | 217 | 64 | Sorafenib 400 mg orally twice daily | ||||
NA, not available; PD-1, programmed cell death protein-1; PD-L1, programmed cell death 1 ligand 1; RCT, randomized controlled trial; VEGF, vascular endothelial growth factor.
SAEs
The incidence of SAEs was 13.3% in the TKI group (n=1,739) and 20.0% in the ICI combination group (n=2,640). Meta-analysis showed a significantly higher SAE risk in the ICI combination group (OR, 1.71; 95% CI: 1.11–2.63; P=0.02; I2=82%, P<0.00001; Figure 2). Sensitivity analysis identified the COSMIC-312 study as the primary source of heterogeneity (Table S1).
Combination therapy was associated with a significantly higher risk of elevated total bilirubin (OR, 2.05; 95% CI: 1.34–3.13; P=0.0009; I2=12%, P=0.34). No significant between-group differences were observed for elevated aspartate aminotransferase (AST), alanine aminotransferase (ALT), ascites, conjugated bilirubin, aberrant liver function, high blood alkaline phosphatase (ALP) or γ-glutamyl transferase (GGT) (Figures 3,4). Sensitivity analyses confirmed stable pooled estimates after omitting individual studies.
FAEs
All included studies reported FAEs. In the ICI combination group (n=2,640), FAEs included abnormal liver function (3 cases), hepatic failure (2 cases), and liver injury (1 case). In the TKI group (n=1,739), FAEs included hepatic failure (2 cases) and hepatic cirrhosis (1 case). FAE incidence was 0.22% with ICI combinations and 0.17% with TKIs (Table 2). There was no significant difference between the two groups in the incidence of FAEs (OR, 1.00; 95% CI: 0.25–4.01; P>0.99; I2=0%, P=0.99; Figure 5).
Table 2
| Study | Number of treatment-related deaths/total patients (%) | Treatment-related FAEs, n | |||
|---|---|---|---|---|---|
| ICI arms | TKI arms | ICI arms | TKI arms | ||
| Qin et al., 2023 (CARES-310) | 0/272 | 0/271 | 0 | 0 | |
| Ren et al., 2021 (ORIENT-32) | 4/380 (1.05) | 2/191 (1.05) | Abnormal liver function [2], hepatic failure [2] | Hepatic failure [2] | |
| Kelley et al., 2022 (COSMIC-312) | 0/432 | 0/217 | 0 | 0 | |
| Llovet et al., 2023 (LEAP-002) | 0/395 | 0/399 | 0 | 0 | |
| Cheng et al., 2022 (IMbrave150) | 2/336 (0.60) | 1/165 (0.60) | Abnormal liver function [1], liver injury [1] | Hepatic cirrhosis [1] | |
| Zhou et al., 2025 (APOLLO) | 0/433 | 0/216 | 0 | 0 | |
| Shi et al., 2025 (HEPATORCH) | 0/162 | 0/164 | 0 | 0 | |
| Zhao et al., 2025 (SCT-I10A-C301) | 0/230 | 0/116 | 0 | 0 | |
| Total | 6/2,640 (0.23) | 3/1,739 (0.17) | |||
FAEs, fatal adverse events; ICI, immune checkpoint inhibitor; TKI, tyrosine kinase inhibitor.
Quality assessment of the included studies
The RoB 2.0 tool was used to assess risk of bias (Figure 6). Overall methodological quality was acceptable. Most trials were evaluated as low risk of bias for the randomization process (D1), as adequate random sequence generation and allocation procedures were clearly documented. Domains related to missing outcome data (D3) and outcome measurement (D4) were also determined to be low risk across all included studies. For the selection of reported results (D5), most trials were assessed as low risk, whereas two studies raised certain concerns due to incomplete reporting of some prespecified secondary outcomes. Given that the majority of trials adopted an open-label design, the domain associated with deviations from the intended interventions (D2) was identified as raising certain concerns (Figure S1).
Discussion
Over the past decade, immunotherapy has profoundly transformed cancer treatment. ICI combination therapy has demonstrated promising efficacy across multiple solid tumors, including HCC (22-26). With widespread clinical adoption, clinicians have become increasingly vigilant regarding the safety of combination strategies.
Our meta-analysis demonstrates that the risk of grade 3–5 hepatotoxicity-related SAEs is significantly higher in the ICI combination group than in the TKI monotherapy group. Sensitivity analysis further identified the COSMIC-312 trial as the primary source of heterogeneity, likely due to its PD-L1 plus TKI regimen, whereas most included studies adopted PD-1 combined with TKI therapy. A large-scale meta-analysis of phase 3 trials including more than 164,000 ICI-treated patients reported an overall incidence of ICI-related liver injury of 1.72%, with any-grade ALT elevation being the most frequent manifestation (4.73%) and grade 3–5 events occurring in only 0.67% (27). However, toxicity rates vary considerably by regimen: 4% to 7% for PD-1 monotherapy, approximately 4% for cytotoxic T lymphocyte antigen 4 (CTLA-4) monotherapy, and 19–37% for PD-1 plus CTLA-4 combination therapy (28-30). Grade ≥3 hepatotoxicity occurs in 1–3% of patients receiving ICI monotherapy, increasing to 9–19% with PD-1 plus CTLA-4 combination therapy (31). When combined with chemotherapy or TKIs, any-grade hepatic toxicity rises to 27–29%, with grade ≥3 events affecting 13–15% of patients (32,33). These findings confirm that single-agent ICI therapy is relatively safe in unresectable HCC, whereas ICI combination therapy imparts a significantly higher hepatotoxicity risk relative to TKI monotherapy. This elevated risk is particularly notable in Asian populations, where HBV prevalence is high and underlying cirrhosis is nearly universal, rendering patients more susceptible to acute-on-chronic liver failure and progressive hepatic decompensation. A recent comparative study including 375 HCC patients treated with atezolizumab + bevacizumab and 459 patients with other advanced solid tumors treated with anti-PD-(L)1 monotherapy reported that 72% of HCC patients had underlying cirrhosis versus only 1.9% of patients with other malignancies. Any-grade ICI-related hepatotoxicity occurred in 11.4% of HCC patients versus 2.6% of controls (22.1 vs. 2.1 per 100 person-years; P<0.001). Median time to hepatic toxicity onset was 1.4 months in HCC patients versus 4.7 months in non-HCC patients, highlighting the heightened vulnerability of the cirrhotic liver to immune-mediated injury (34). Our analysis detected no significant difference in FAEs incidence between treatment groups, likely due to the small absolute number of fatal hepatic events (6 vs. 3), resulting in limited statistical power. Nonetheless, the low absolute rates of fatal hepatotoxicity in both groups are reassuring, although close clinical monitoring remains warranted.
Apart from overall severe toxicity, we also focused on liver-related SAEs. Bilirubin elevation was significantly more common in the combination therapy group, with minimal interstudy heterogeneity. ICI-related hepatotoxicity typically presents with a mixed hepatocellular and cholestatic phenotype, ranging from asymptomatic transaminitis to severe jaundice, cholangitis, autoimmune hepatitis, and acute liver failure (35-37). Currently, several meta-analyses have reported ICI-associated hepatotoxicity rates ranging from 2% to 30% (35,37,38). A meta-analysis of 117 clinical trials (including 7 HCC-specific studies) found that the most common hepatotoxicity manifestations were ALT and AST elevations, with any-grade incidences of 5.29% and 5.88%, respectively; for anti-PD-L1 agents, rates were 3.72%/3.60% (grade ≥3: 1.08%/1.03%). In HCC cohorts, any-grade AST/ALT elevations reached 14.2%/13.3% vs. 4.92%/5.38% in non-HCC solid tumors (P<0.001) (39). While ALT and AST elevations represent early indicators of hepatocellular injury, bilirubin is a critical biomarker of hepatic synthetic and excretory function. Significant hyperbilirubinemia indicates severe hepatocellular or cholestatic damage and is strongly associated with treatment interruption, dose modification, and treatment-related mortality. ICI-related hepatotoxicity typically manifests within days to months after initiation, with a median onset of 3–9 weeks (40). A meta-analysis of 30 trials (12,921 patients) reported grade ≥3 all-cause AE rates were 67% for combination therapy, similar to TKI monotherapy (69%) and substantially higher than single-agent ICI therapy (35%), while hepatotoxicity-related AE rates were 36%, 28% and 21%, respectively (41). Our analysis confirmed that ICI combinations did not increase grade ≥3 ALT/AST elevation but significantly raised grade ≥3 bilirubin elevation, consistent with prior literature and emphasizing the need for routine bilirubin monitoring.
Several mechanisms may underlie the increased hepatotoxicity of ICI-based combinations. Reactivation of hepatitis viruses, particularly HBV, constitutes a serious and potentially life-threatening complication during combination therapy with ICIs and TKIs. In chronic HBV infection, viral persistence is facilitated by the functional exhaustion of virus-specific CD8+ T cells, a mechanism that maintains a dynamic equilibrium between the virus and the host immune response (42); given that restoring anti-tumor immunity and reversing T-cell exhaustion are the core objectives of ICIs, breaking immune tolerance via ICIs can enhance HBV-specific T-cell activity, and the subsequent immune-mediated destruction of infected hepatocytes clinically presents as HBV reactivation and a sharp elevation in serum transaminases. Secondly, ICI therapies can induce liver injury mimicking autoimmune hepatitis: by blocking checkpoint molecules (e.g., CTLA-4, PD-1/PD-L1), ICIs abrogate inhibitory signals on T cells, leading to their dysregulated activation, and these activated T cells may directly attack hepatocytes or secrete excessive pro-inflammatory cytokines, thereby creating a localized inflammatory microenvironment that recruits and further activates other immune cells, initiating a self-perpetuating cycle of progressive liver damage (43). The synergistic hepatotoxicity observed in ICI-TKI combinations can be attributed to convergent pathways of vascular injury: ICI-activated T cells trigger inflammatory damage to liver endothelial cells, while concurrent TKI therapy impairs endothelial repair capacity by inhibiting VEGF-related signaling pathways, resulting in a marked loss of vascular integrity that amplifies the initial immune-mediated insult (44). Furthermore, both drug classes can directly damage hepatocytes, sinusoidal endothelial cells, and bile duct epithelia, leading to a significant cumulative risk of hepatotoxicity. To mitigate this risk, a comprehensive pretreatment evaluation should be performed prior to the initiation of combination therapy, including HBV serological testing, assessment of hepatic reserve function, and evaluation of potential drug-drug interactions.
This study has several limitations. First, the included ICI combination regimens for unresectable HCC were restricted to PD-1/PD-L1 inhibitors plus VEGF inhibitors, with regimens combining CTLA-4 and PD-1 inhibitors not incorporated, thus precluding subgroup analysis to explore the disparate impacts of different ICI combination strategies on SAEs. Second, all data were extracted from published literature, with only routinely reported adverse events recorded, which may result in underreporting of ICI-related hepatotoxicity and introduce potential publication bias. Third, although all included trials adopted comparable grading criteria, heterogeneity existed in the categorized types and severity of hepatotoxicity across studies; only a few common treatment-related hepatic adverse events were eligible for meta-analysis, whereas critical indicators (including acute liver injury and coagulation function) lacked consistent reporting and were therefore not pooled, which may further contribute to between-study heterogeneity. Nevertheless, the present findings still provide practical references and valuable implications for the safety evaluation of ICI-based combination immunotherapy in patients with unresectable HCC. Finally, this meta-analysis was conducted based on aggregated published data rather than individual patient-level data, an inherent limitation of such meta-analytic studies.
Conclusions
This meta-analysis demonstrates that ICI plus targeted therapy was more likely to cause an increase in hepatotoxicity, especially elevated bilirubin levels. These results highlight the need for rigorous liver function monitoring, particularly bilirubin, in clinical practice.
Acknowledgments
None.
Footnote
Reporting Checklist: The authors have completed the PRISMA reporting checklist. Available at https://tcr.amegroups.com/article/view/10.21037/tcr-2026-1-0342/rc
Peer Review File: Available at https://tcr.amegroups.com/article/view/10.21037/tcr-2026-1-0342/prf
Funding: This work was supported by grants from
Conflicts of Interest: All authors have completed the ICMJE uniform disclosure form (available at https://tcr.amegroups.com/article/view/10.21037/tcr-2026-1-0342/coif). The authors have no conflicts of interest to declare.
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