ADCC Mediated B-Cell dEpletion and BAFF-R Blockade

This is a randomized, placebo-controlled, double-blind dose range study in autoimmune
hepatitis. The study population consists of female and male adult autoimmune hepatitis
patients with incomplete response or intolerant to standard treatment of care. The diagnosis
of autoimmune hepatitis has to fulfill the IAIHG criteria and must be confirmed by liver
histology.

Patients will be randomly assigned to different doses of VAY736 or placebo. The primary
analysis is planned at 24 weeks. A subsequent study part will then test the efficacy and
safety of VAY736 in a parallel group design. For this part of the trial a new group of
autoimmune hepatitis patients will be enrolled.

Key Inclusion Criteria:

1. AIH diagnosed per International Autoimmune Hepatitis Group

2. Liver biopsy with Ishak modified HAI indicating active AIH

3. Incomplete response to OR intolerance of standard therapy (per AASLD)

Key Exclusion Criteria

1. Prior use of any B-cell depleting therapy

2. Required regular use of medications with known hepatotoxicity

3. Decompensated cirrhosis

4. Diagnosis of overlap syndrome with AIH (e.g., AIH+PBC, AIH+PSC).

5. Drug related AIH at screening or a history of drug related AIH.

6. History of drug abuse or unhealthy alcohol use

7. History of malignancy of any organ system

8. Pregnant or nursing (lactating) women