Placebo Controlled, Dose Escalation Study to Evaluate Safety, Pharmacokinetics & Efficacy of SAP-001 in Gout Patients

A total of 24 eligible adult subjects will be randomized in a 3:1 randomization ratio into
two blinded treatment groups in the three dose cohorts with matching placebo arm. The
duration of the observation would be 5 days for each subject with a single SAP-001 dosing to
evaluate safety, tolerability, pharmacokinetics (PK), pharmacodynamics (PD) and efficacy of
oral SAP-001 (once daily) in adults gout patients with hyperuricemia.

Inclusion Criteria:

1. Male or female, between 18 and 75 years of age, inclusive.

2. Body mass index (BMI) between 19 and 42 kg/m^2 at screening, inclusive.

3. Serum uric acid (sUA) levels ≥7.5 mg/dL at screening.

4. Patients must meet all the American College of Rheumatology scoring criteria for the
classification of primary gout (Neogi et al., 2015).

5. Patients who are not taking any UA-lowering medications 1 month prior to the dose of
study drug.

6. Is a nonsmoker or light smoker (smokes fewer than 10 cigarettes per day).

7. Female patients cannot be pregnant or lactating/breast-feeding and will either be
postmenopausal (female patients who state they are postmenopausal should have had
cessation of menses for>1 year and have serum follicle stimulating hormone [FSH]
levels >40 mIU/mL and serum estradiol < 20 pg/mL or a negative estrogen test),
surgically sterile (including bilateral tubal ligation, salpingectomy [with or without
oophorectomy], surgical hysterectomy, or bilateral oophorectomy [with or without
hysterectomy]) for at least 3 months prior to Screening, or will agree to use, from
the time of Check-in (Day -1) until 90 days following the last dose of study drug, the
following forms of contraception: double-barrier method, hormonal contraceptives,
barrier with spermicide, diaphragm or cervical cap with spermicide, intrauterine
device, oral, implantable, or injectable contraceptives, or a sterile sexual partner.
All female patients will have a negative urine or serum pregnancy test result prior to
enrollment in the study.

8. Male patients will either be surgically sterile or agree to use, from the time of
Check-in (Day -1) until 90 days following the last dose of study drug, the following
forms of contraception: male condom with spermicide and a female partner who is
sterile or agrees to use hormonal contraceptives, female condom with spermicide,
diaphragm or cervical cap with spermicide, intrauterine device, oral, implantable, or
injectable contraceptives. Male patients will refrain from sperm donation from the
time of Check-in (Day -1) until 90 days following the last dose of study drug.

9. Is capable of understanding the written informed consent, provides signed and
witnessed written informed consent, and agrees to comply with protocol requirements.

Exclusion Criteria:

1. Has a history or presence of clinically significant (CS) cardiovascular, renal,
pulmonary, hepatic, gallbladder or biliary tract, hematologic, gastrointestinal,
endocrine, immunologic, dermatologic, neurologic, or psychiatric disease, which in the
Investigator's opinion would not be suitable for the study.

2. Serum creatinine level > 1.5 mg/dL and/or estimated glomerular filtration (eGFR) by
the Modification of Diet in Renal Disease (MDRD) rate ≤60 mL/min/1.73 m2 at screening.
The MDRD formula is: GFR (mL/min/1.73 m2) = 175 × (Scr)-1.154 × (Age)-0.203 × (0.742
if female) × (1.212 if African American)

3. History of stomach or intestinal surgery (except that cholecystectomy, appendectomy,
and/or hernia repair will be allowed).

4. History of prescription drug abuse, illicit drug use, or alcohol abuse according to
medical history within 6 months prior to the Screening visit or any alcohol use for at
least 48 hours prior to dosing on Day 1.

5. Positive blood screen for human immunodeficiency virus (HIV), hepatitis B surface
antigen (HbsAg), or hepatitis C (HCV) antibody.

6. Clinically significant abnormal liver function test at screening or Check-in (Day -1),
defined as aspartate aminotransferase (AST) or alanine aminotransferase (ALT)>1.5
times upper limit of normal (ULN) or total bilirubin >ULN; or a history of clinically
significant acute or chronic hepatitis (including infectious, metabolic, autoimmune,
genetic, ischemic, or other forms), hepatocirrhosis, or hepatic tumors.

7. Positive screen for alcohol or drugs of abuse (except for patients with a positive
drug screen test if it is a result of a prescribed medication from their physician) at
Screening and Check-in (Day -1).

8. History of a gout flare that is resolved within 14 days prior to first treatment with
study drug (exclusive of chronic synovitis/arthritis).

9. Has a known hypersensitivity to URAT1 inhibitors, XOIs, or related compounds.

10. Receipt of any other investigational product within 30 days prior to the dose of study
drug on Day 1or planning to take an investigational agent during the study.

11. Concomitant use of or treatment with any prescription drugs, herbal products,
vitamins, minerals, and over-the-counter medications within 14 days prior to Check in
(Day -1). Exceptions may be made on a case by case basis following discussion and
agreement between the Investigator and the Sponsor.

12. Use of any drugs or nutrients known to modulate cytochrome P450 (CYP)3A activity or
any strong or moderate inhibitors or inducers of CYP3A4, starting from 14 days prior
to dose administration on Day 1 until the final end of study assessments, including
but not limited to the following: inhibitors such as ketoconazole, miconazole,
itraconazole, fluconazole, atazanavir, erythromycin, clarithromycin, ranitidine,
cimetidine, verapamil, and diltiazem and inducers such as rifampicin, rifabutin,
glucocorticoids, carbamazepine, phenytoin, phenobarbital, and St. John's wort.

13. Participated in strenuous exercise from 48 hours prior to Check-in (Day -1) or during
the study through the final end of study assessment.

14. Has donated or lost a significant volume (>500 mL) of blood or plasma within 30 days
prior to Check-in (Day -1).

15. Malignancy within 5 years of the screening visit.

16. Has problems understanding the protocol requirements, instructions, study related
restrictions, and/or problems understanding the nature, scope, and potential
consequences of participating in this clinical study.

17. Is unlikely to comply with the protocol requirements, instructions, and/or study
related restrictions (e.g., uncooperative attitude, unavailable for follow up call,
and/or improbability of completing the clinical study).