Clinical Trial to Evaluation the Safety and Efficacy of GR-MD-02 for the Treatment of Liver Fibrosis and Resultant Portal Hypertension in Patients With Nash Cirrhosis

Inclusion Criteria:

1. Has a HVPG measurement ≥6 mm Hg.

2. Has a liver biopsy with cirrhosis (Ishak stage 5 or 6) presumably due to NASH. A liver
biopsy diagnosis of cirrhosis presumably due to NASH will include the following 3
categories:

- Cirrhosis with a definitive pathological diagnosis of NASH (presence of fat,
ballooning degeneration, and inflammation);

- Cirrhosis wherein the biopsy contains either fat (>5%) or ballooning hepatocytes
with no evidence of viral hepatitis or other liver disease; or

- Cirrhosis with no evidence of viral hepatitis or other liver disease in a subject
with at least a 5 year history of obesity (BMI ≥30) or at least a 5 year history
of diabetes mellitus (as defined by diagnosis by a physician and treatment with
at least 1 antidiabetic medication).

3. Is ≥18 years of age and ≤75 years of age at the time of screening.

4. Absence of hepatocellular carcinoma by valid imaging (liver ultrasound, triple phase
computed tomography of liver or magnetic resonance imaging of liver) within 6 months
prior to randomization. If there is not such test available, then it should be
performed as part of standard of care.

5. Is willing and able to provide written informed consent prior to the initiation of any
study specific procedures.

6. Is not pregnant and must have a negative serum pregnancy test result prior to
randomization.

7. If a fertile man or woman participating in heterosexual relations, agrees to use
effective means of contraception (ie, 2 effective methods of contraception, one of
which must be a physical barrier method).

• Effective forms of contraception include condom, hormonal methods (birth control
pills, injections or implants), diaphragm, cervical cap, or intrauterine device
throughout his/her participation in this study and for 90 days after discontinuation
of study treatment. Surgically sterile males and females are not required to use
contraception provided they have been considered surgically sterile for at least 6
months. Surgical sterility includes history of vasectomy, hysterectomy, bilateral
salpingo oophorectomy, or bilateral tubal ligation. Postmenopausal women who have been
amenorrheic for at least 2 years at the time of screening will be considered sterile.

8. If a lactating woman, agrees to discontinue nursing before the start of study
treatment and refrain from nursing until 90 days after the last dose of study
treatment.

9. If a man, agrees to refrain from sperm donation throughout the study period and for a
period of 90 days following the last dose of IMP. Female subjects may not begin a
cycle of ova donation or harvest throughout the study period and for a period of 90
days following the last dose of IMP.

10. Prior to randomization, any subject on statins, angiotensin converting enzyme
inhibitors, angiotensin II receptor blockers, or β 1 selective adrenergic receptor
inhibitors should have been on a stable dose for at least 2 months and all attempts
should be made to continue the subject on the same dose of the medication for the
duration of study participation.

Exclusion Criteria:

1. Has a history of hepatic decompensation including any episode of variceal bleeding,
ascites not controlled by medication, or overt hepatic encephalopathy (defined by the
clinical judgment of the principal investigator but shall include the presence of
lethargy, disorientation, inappropriate behavior, and the presence of asterixis).

2. Has a presence of medium or large varices or varices with red signs regardless of size
based on endoscopy.

- Small varices are defined by veins that occupy <25% of the distal one third of
the esophageal lumen when insufflated. Veins that completely flatten upon
insufflation of the esophagus are not conserved varices. Any varices larger than
that are medium (up to 50%) or large (>50%).

- Red signs include red wale markings (dilated venules oriented longitudinally on
the variceal surface), cherry red spots (small, red, spotty dilated venules
usually approximately 2 mm in diameter on the variceal surface) or hematocystic
spots (large, round, crimson red projection >3 mm that look like a blood blister
on the variceal surface).

3. Has had a prior transjugular porto systemic shunt procedure.

4. Has evidence of other forms of chronic liver disease including viral hepatitis B or C,
primary biliary cirrhosis, primary sclerosing cholangitis, Wilson's disease, alpha 1
antitrypsin deficiency, alcoholic hepatitis, hemochromatosis, liver cancer, history of
biliary diversion, or autoimmune hepatitis.

5. Has any of the following laboratory values:

- Serum alanine aminotransferase levels >10 × the upper limits of normal

- Serum aspartate aminotransferase levels >10 × the upper limits of normal

- Platelet count <60 000/mm3

*. Serum albumin ≤2.8 g/dL

- International normalized ratio (INR) ≥1.7

- Direct bilirubin ≥2.0 mg/dL

- Alpha fetoprotein >200 ng/mL

6. Has a MELD score ≥15 or Child Turcotte Pugh Class B or C.

7. Has an estimated creatinine clearance of <50 mL/minute. Glomerular filtration rate
will be estimated using the Cockcroft-Gault equation (Cockcroft 1976):

- Males: CrCl (mL/min) = ([140 - age] × weight) / (SCr × 72)

- Females: CrCl (mL/min) = ([140 - age]) × weight) / (SCr × 72)] × 0.85

- Where CrCl is creatinine clearance, age is in years, weight is in kg, and SCr is
serum creatinine in mg/dL

8. Is unwilling or unable to safely undergo HVPG or liver biopsy.

9. Has known positivity for human immunodeficiency virus (HIV) infection or a positive
HIV test result at screening.

10. Has had major surgery within 8 weeks of randomization, significant traumatic injury
within 6 months, or anticipation of need for major surgical procedure during the
course of the study.

11. Has a history of a solid organ transplant requiring current immunosuppression therapy.

12. Has used nonselective β adrenergic inhibitors within 6 weeks prior to randomization.

13. Has planned or anticipated variceal ligation therapy during the study.

14. Has had weight reduction surgery within the past 3 years or plans to undergo weight
reduction surgery during the study.

15. Has current, significant alcohol consumption or a history of significant alcohol
consumption for a period of more than 3 consecutive months any time within 1 year
prior to screening.

• Significant alcohol consumption is defined as more than 20 grams per day in females
and more than 30 grams per day in males. On average, a standard drink in the United
States is considered to be 14 grams of alcohol, equivalent to 12 fluid ounces of
regular beer (5% alcohol), 5 fluid ounces of table wine (12% alcohol), or 1.5 fluid
ounces of 80 proof spirits (40% alcohol).

A score of ≥8 on the Alcohol Use Disorders Identification Test (AUDIT) (Babor 2000)
will result in exclusion.

16. Has a positive urine screen result for amphetamines, cocaine, or nonprescription
opiates (heroin, morphine) at screening.

17. Has clinically significant and uncontrolled cardiovascular disease (eg, uncontrolled
hypertension, myocardial infarction within 6 months prior to randomization, unstable
angina), New York Heart Association Grade II or greater congestive heart failure,
serious cardiac arrhythmia requiring devise/ablation or Grade II or greater peripheral
vascular disease within 12 months prior to randomization.

18. Has a history of clinically significant hematologic, renal, hepatic, pulmonary,
neurological, psychiatric, gastrointestinal, systemic inflammatory, metabolic or
endocrine disorder or any other condition that, in the opinion of the investigator,
renders the subject a poor candidate for inclusion into the study.

19. Has concurrent infection including diagnoses of fever of unknown origin at the time of
randomization.

20. Has a history of malignancy, except for the following: adequately treated
nonmetastatic basal cell skin cancer; any other type of skin cancer, except melanoma,
that has been adequately treated and has not recurred for at least 1 year prior to
enrollment; and adequately treated in situ cervical cancer that has not recurred for
at least 1 year prior to screening.

21. Participates in an investigational new drug study within 30 days prior to
randomization (including follow up visits) or at any time during the current study.

22. Has a clinically significant medical or psychiatric condition considered high risk for
participation in an investigational study.

23. Fails to give informed consent.

24. Has known allergies to the IMP or any of its excipients.

25. Has previously received GR-MD-02 within 6 months of randomization.

26. Is an employee or family member of the investigator or study center personnel.