A Study to Evaluate the Efficacy and Safety of DA-1229 (Evogliptin) in Patient's Calcific Aortic Valve Disease with Mild to Moderate Aortic Stenosis (EVOID-AS)

Inclusion Criteria:

1. Male or female adult ≥ 35 years of age at time of screening.

2. Subject has calcific aortic valve disease with mild to moderate aortic stenosis asdefined by

• Doppler echocardiography results: Aortic Valve mean pressure gradient between 10-30 mmHg and Aortic Valve Area ≥ 1.2 and ≤ 2.0 cm2 on TTE within 2 weeksprior to randomization and,

• Cardiac Compute Tomography (CT) test results: aortic valve calcium score (Agatston score) ≥ 200 AU at baseline cardiac CT within 1 month prior torandomization

3. Subject provides written informed consent prior to initiation of any studyprocedures.

4. Subject understands and agrees to comply with planned study procedures.

Exclusion Criteria:

1. Subject has concomitant moderate or more aortic valve regurgitation.

2. Subject has concomitant moderate or severe mitral or tricuspid valve disease.

3. Subjects has left ventricular ejection fraction < 50%.

4. Subject previous history of aortic valve surgery.

5. Subject has NYHA class III or IV heart failure.

6. Subjects whose alanine aminotransferase (ALT) and aspartate aminotransferase (AST) > 2.5 times the upper limit of normal range.

7. Subjects who cannot undergo Cardiac CT.

8. Subjects whose life expectancy is < 2 years.

9. Subjects with ESRD (End-stage Renal Disease) defined as eGFR (calculated using MDRDequation) ≤ 30 mL/min/1.73m2 or in need of dialysis.

10. Subject has Type 1 diabetes mellitus.

11. Subject has a history of diabetic ketoacidosis (DKA).

12. Subject has a history of severe hypoglycemia (blood glucose levels < 54mg/dl) within the previous six months prior to screening. Note: Subjects receiving treatment for their non-type 1 diabetes and without historyof DKA or severe hypoglycemia episode in the preceding 6 months who are interestedin participating in the trial are recommended to inform/consult their diabetesprovider prior to enrollment in the study or IP initiation to discuss if adjustmentin their diabetes therapy or other monitoring may be needed.

13. Subject has pancreatic Amylase isoenzyme and/or Lipase elevation ≥ 3x the upperlimit of normal (ULN) at screening or baseline visit, or subject has a history ofpancreatitis

14. Subjects who are currently taking or anticipated to take any of the followingmedications for the duration of the study: oDPP4 inhibitor other than the investigational product

▪Subjects taking insulin or sulfonylureas should consult their primary diabetesprovider prior to enrollment in the study or IP initiation to discuss if adjustmentin their diabetes therapy and/or other monitoring may be needed. oVitamin K

▪Subjects taking over-the-counter multivitamins containing ≤ 90 mcg/day vitamin Kwill be allowed to continue use during the study. oChronic use of any medications that strongly impact hepatic metabolism by way ofinducing or inhibiting the CYP3A4 system, giving rise to drug-drug interaction (withthe exception of focal or limited topical treatment)

• Strong CYP3A4 inducers* including but not limited to barbiturates (phenobarbital), rifampicin/rifabutin, carbamazepine, phenytoin, primidone, St.John's Wort, Efavirenz, griseofulvin, and chronic (>1 month)supraphysiologic glucocorticoid use (>7.5 mg/day prednisone orequivalent glucocorticoid dosing).

• Strong CYP3A4 inhibitors*including but not limited to protease inhibitors fortreatment of HIV/HCV (such as ritonavir, lopinavir, atazanavir, etc.), chronicsystemic use of azole antifungals (ketoconazole, fluconazole, itraconazole,voriconazole) and clarithromycin Note: Short-term/temporary use ofclarithromycin, azole antifungals or Paxlovid (for treatment of COVID-19) isallowed, but temporary study drug hold during the course of these treatmentwould be necessary.

15. Subjects with history of severe allergic reaction to DPP4 inhibitors includinganaphylaxis and angioedema.

16. Subjects with galactose intolerance, lapp lactase deficiency, and glucose-galactosemalabsorption.

17. Subjects with history of severe cerebrovascular diseases (such as cerebralinfarction or transient ischemic attack), severe cardiovascular diseases (such asunstable angina, myocardial infarction and life-threatening arrhythmia) within 6months of screening.

18. Subjects with history of malignant tumor within the past 3 years prior to ScreeningVisit (Visit 1) unless cure is expected.

19. Subjects with history of drug or alcohol abuse. History of cannabis/Marijuana useincluding recreational use in the last 6 months and an unwillingness to abstainduring the course of the study. oNote: Alcohol abuse is a pattern of drinking that results in harm to one's health,interpersonal relationships, or ability to work. Manifestations of alcohol abuseinclude the following: Failure to fulfill major responsibilities at work, school, orhome, drinking in dangerous situations, such as drinking while driving or operatingmachinery, legal problems related to alcohol, such as being arrested for drinkingwhile driving or for physically hurting someone while drunk and continued drinkingdespite ongoing relationship problems that are caused or worsened by drinking

20. Subjects with history of medication non-compliance.

21. Pregnant or lactating women.

22. Subjects who used investigational drugs or devices within 4 weeks or investigationalbiologics within the last 6 months prior to screening and for the duration of thestudy.

23. Inability to provide informed consent or to comply with test requirements.

24. Subjects with physical (severe hepatic, cardiac, renal, pulmonary, hematological,endocrine, gastrointestinal, etc. conditions) or mental (cognitive, psychiatric,etc. conditions) conditions that may impact their ability to take part in the study.

25. Consideration by the investigator, for safety reasons, that the subject is anunsuitable candidate to receive study treatment.

26. Women of child-bearing age who are sexually active but decline to take propercontraceptive measures during the study period, unless the female is post-menopausalfor at least 2 years or are surgically sterile.

• Note: Women of childbearing potential (WOCBP) and Women not of childbearingpotential are eligible to participate. Women of childbearing potential shoulduse an approved method of birth control and agrees to continue to use thismethod for the duration of the study (and for 30 days after taking the lastdose of investigational product).

• Acceptable methods of contraception include abstinence, femalesubject/partner's use of hormonal contraceptive (oral, implanted, orinjected) in conjunction with a barrier method (WOCBP only), femalesubject/partner's use of an intrauterine device (IUD), or if the femalesubject/partner is surgically sterile or 2 years post-menopausal. All malesubjects/partners of WOCBP must agree to consistently and correctly use acondom for the duration of the study and for 30 days after taking the studydrug. In addition, subjects may not donate ova or donate sperm for the durationof the study and for 30 days after taking the last dose investigationalproduct.

Withdrawal Criteria:

A subject who is randomized into the study, but who does not complete the study will be considered prematurely discontinued.

At any point during the study all subjects have the right to withdraw without prejudice to future care. Documentation to whether or not each subject completed the clinical study will be recorded. If for any subject, study treatment was discontinued, the reason(s) will be documented.

The Investigator can discontinue a subject at any time if in their clinical judgment it is considered to be medically necessary. Investigators considering discontinuing study treatment should contact the medical monitor prior to such discontinuation. Subjects who have study treatment discontinued will continue to be followed per protocol (i.e., to complete EOT Visit and Visit 11 assessments), whenever possible. Subjects who have study treatment discontinued due to a serious adverse event will be followed until resolution or stabilization of the event. Reasons for subject withdrawal/discontinuation may constitute one of the following:

• Voluntary withdrawal of his/her informed consent

• Administration of any prohibited medication unless otherwise approved by theinvestigator(s)

• Serious adverse event or adverse drug reaction that causes withdrawal from thestudy, such as development of acute pancreatitis investigator(s)

• Any evidence of pancreatic inflammation on pancreatic imaging (CT Scan or Magneticresonance cholangiopancreatography (MRCP) or Ultrasound)

• Severe breach against this protocol such as breach of any inclusion or exclusioncriteria

• When Investigator judges aortic valve surgery or procedure is necessary due toprogression of disease as per the Critical Pathways presented in American andEuropean Society of Cardiology

• Failure to trace the subject - out of contact, etc. - for follow-up observation

• Pregnancy

• Discontinuation of study by the Sponsor