Inclusion Criteria:

1. Have type 2 diabetes
2. Are on stable treatment for type 2 diabetes for at least 90 days prior to screening
3. Have a BMI ≥ 27 kg/m2
4. Have a stable body weight (<5% body weight change) for 90 days prior to screening

Exclusion Criteria:

1. Have a prior or planned surgical treatment for obesity (liposuction, cryolipolysis, or abdominoplasty allowed if performed >1 year before screening)
2. Have a prior or planned endoscopic procedure and/or device-based therapy for obesity (prior device-based therapy acceptable if device removal was more than 6 months prior to screening)
3. Have type 1 diabetes
4. Have taken any of the following antihyperglycemic medications within 90 days before screening:

1. amylin analogs
2. glucagon-like peptide-1 (GLP-1) receptor agonists
3. glucose-dependent insulinotropic polypeptide/glucagon-like peptide-1 (GIP/GLP) receptor agonists, or
4. insulin
5. Have had within 90 days prior to screening:

1. heart attack
2. stroke
3. coronary artery revascularization
4. unstable angina, or
5. hospitalization due to congestive heart failure
6. Have a history or diagnosis of New York Heart Association Functional Classification Class IV congestive heart failure
7. Have taken medications or alternative remedies intended for weight loss within 90 days of screening