This was a phase 1, first‐in‐human, randomized, placebo‐controlled, dose‐escalation study of single (part A) and multiple (part B) ascending doses of MEDI6570 in patients with type 2 diabetes. The primary objective was to assess the safety and tolerability of MEDI6570. Secondary objectives were to evaluate the pharmacokinetics and immunogenicity of MEDI6570. Exploratory objectives included the characterization of target engagement in blood, the effect on inflammatory and disease pathogenesis biomarkers, and the effect on high‐risk coronary plaque volume and coronary artery inflammation.