Phase 3 Study to Evaluate the Efficacy and Safety of Elafibranor Versus Placebo in Patients With Nonalcoholic Steatohepatitis (NASH)

Inclusion Criteria:

1. Males or females aged from 18 to 75 years inclusive at first screening visit.

2. Must provide signed written informed consent and agree to comply with the study
protocol.

3. BMI ≤45 kg/m².

4. Females participating in the study must either not be of childbearing potential
(hysterectomy, bilateral oophorectomy, medically documented ovarian failure, or >50
years of age with cessation of menses for at least 12 months due to ovarian failure)
or using efficient double contraception: hormonal contraception (including patch,
contraceptive ring, etc.), intra-uterine device, or other mechanical contraception
method + condom or diaphragm or spermicide for the full duration of the study and for
1 month after the end of treatment.

5. Histological confirmation of steatohepatitis on a diagnostic liver biopsy by central
reading of the slides (biopsy obtained within 6 months prior to randomization or
during the screening period) with at least 1 in each component of the NAS score
(steatosis scored 0-3, ballooning degeneration scored 0-2, and lobular inflammation
scored 0-3).

6. NAS score ≥4.

7. Fibrosis stage of 1 or greater and below 4, according to the NASH CRN fibrosis staging
system.

8. Stable dose of vitamin E, polyunsaturated fatty acids, or ursodeoxycholic acid from at
least 6 months prior to diagnostic liver biopsy

9. No change in antidiabetic therapy within 6 months prior to liver biopsy

Exclusion Criteria:

1. Known heart failure (Grade I to IV of New York Heart Association classification).

2. History of efficient bariatric surgery within 5 years prior to screening.

3. Uncontrolled hypertension

4. Type 1 diabetes patients.

5. Patients with decompensated diabetes (HbA1c>9%).

6. Patients with a history of clinically significant acute cardiac event within 6 months
prior to screening

7. Weight loss of more than 5% within 6 months prior to randomization

8. Compensated and decompensated cirrhosis

9. Current or recent history (<5 years) of significant alcohol consumption

10. Pregnant or lactating females or females planning to become pregnant during the study
period.

11. Other well documented causes of chronic liver disease according to standard diagnostic
procedures

12. Patients with previous exposure to Elafibranor

13. Prohibited concomitant medication

14. Any medical conditions that may diminish life expectancy to less than 2 years
including known cancers.

15. Evidence of any other unstable or untreated clinically significant immunological,
endocrine, hematological, gastrointestinal, neurological, neoplastic or psychiatric
disease.

16. Mental instability or incompetence, such that the validity of informed consent or
ability to be compliant with the study is uncertain.