A Phase III Renal Outcomes and Cardiovascular Mortality Study to Investigate the Efficacy and Safety of Baxdrostat in Combination With Dapagliflozin in Participants With Chronic Kidney Disease and High Blood Pressure

Inclusion Criteria:

1. Participants of any sex and gender must be ≥ 18 years of age at the time of signingthe informed consent.

2. Participants with:

3. eGFR ≥ 30 and < 60 mL/min/1.73 m2 (local or central laboratory values) AND UACR ≥ 30 mg/g (3.39 mg/mmol) and < 500 mg/g (56.5 mg/mmol) (central laboratoryvalues only), or

4. eGFR ≥ 30 and ≤ 75 mL/min/1.73 m2 (local or central laboratory values) AND UACR ≥ 500 mg/g (56.5 mg/mmol) and ≤ 5000 mg/g (565 mg/mmol) or UPCR ≥ 700 mg/g (79mg/mmol) and ≤ 7000 mg/g (790 mg/mmol) (local or central laboratory values).

5. [obsolete]

6. Participants with history of HTN and a SBP ≥ 130 mmHg (the most recent value within 4 weeks prior to screening or at the Screening Visit) and ≥ 120 mmHg at theRandomisation Visit.

7. Stable and maximum tolerated dose of an ACEi or an ARB (not both) for at least 4weeks prior to Screening Visit.

8. Participants with:

9. Serum or plasma potassium ≥ 3.0 and ≤ 4.8 mmol/L if eGFR ≥ 45 mL/min/1.73 m2 (local or central laboratory values).

10. Serum or plasma potassium ≥ 3.0 and ≤ 4.5 mmol/L if eGFR < 45 mL/min/1.73 m2 (local or central laboratory values).

Exclusion Criteria:

1. Systolic blood pressure > 180 mmHg, or diastolic BP > 110 mmHg at screening.

2. Known hyperkalaemia, defined as potassium of ≥ 5.5 mmol/L within 3 months prior toscreening.

3. Serum sodium < 135 mmol/L (central or local laboratory values obtained within 4weeks prior to screening or at the Screening Visit).

4. T1DM:

5. For US only: patients with T1DM treated with SGLT2i for at least 4 months, withoutDKA during that period, and who have experience with ketone monitoring are eligiblefor inclusion.

6. For Japan only: patients with T1DM treated with dapagliflozin 10 mg for at least 4months, without DKA during the period of dapagliflozin treatment are eligible forinclusion.

5 Uncontrolled T2DM with HbA1c > 10.5% (> 91 mmol/mol) (central or local laboratoryvalues obtained within 3 months prior to screening or at the Screening Visit).

6 New York Heart Association functional HF class IV at screening.

7 Stroke, transient ischaemic cerebral attack, valve implantation or valvereplacement, carotid surgery, or carotid angioplasty, acute coronary syndrome, orhospitalisation for worsening heart failure within previous 3 months prior torandomisation.

8 Documented history of adrenal insufficiency.

9 Any dialysis (including for acute kidney injury) within 3 months prior toScreening Visit.

10 Any acute kidney injury within 3 months prior to the Screening Visit.

11 History of organ transplant or bone marrow transplant, or planned organtransplant within 6 months following randomisation (including kidney transplant).

12 Any clinical condition requiring systemic immunosuppression therapy other thanmaintenance therapy (stable for at least 3 months prior to Visit 1).