Dose Finding Study to Evaluate Safety and Efficacy of 3 Dosages of SAP 001.

Inclusion Criteria: Male or female ≥18 and ≤65 years of age, willing and able to provide informed consent and to adhere to the requirements and guidelines of the protocol. 2. Body mass index ≥19 and ≤40 kg/m2 at the Screening Visit (Visit 1). 3. Subject must already have been diagnosed with symptomatic gout according to the current American College of Rheumatology (ACR) scoring criteria for the classification of primary gout or had symptomatic gout with at least 3 gout flares in the previous 18 months or at least 1 gout tophus or gouty arthritis, and be refractory to SoC XOI therapy as defined by a medical history of failure to normalize sUA to <6 mg/dL (the ACR target for gout) with at least 3 months of SoC XOI treatment at the maximum medically appropriate dose or a self-reported medical contraindication to SoC XOI therapy or in whom SoC XOI therapy is not considered medically appropriate treatment for symptomatic gout. 4. Subject must have been on SoC XOI therapy for gout and hyperuricemia for at least 4 weeks immediately before the Randomization Visit (Day 1, Visit 4) unless SoC XOI therapy is contraindicated or not medically appropriate. 5. Subject must have sUA levels ≥7.5 mg/dL at the Screening Visit (Visit 1) and Randomization (Day 1, Visit 4) Visits - Exclusion Criteria: Subjects not previously diagnosed as having gout before the Screening Visit. 2. Subject has used any prescription drugs (eg, losartan, pegloticase, URAT1 inhibitors), over-the-counter (OTC) medications, herbal medications or products, vitamins, or minerals that are known to lower sUA levels (except SoC XOI therapies) within 14 days prior to the Randomization Visit (Day 1, Visit 4). Subjects who are already taking losartan for blood-pressure control are allowed to enroll in the study and continue taking losartan if they have been on a stable dose for at least 6 months prior to Randomization Visit (Day 1, Visit 4). 3. Subject was not compliant with taking placebo during the Run-in Period (defined as taking <80% or >120% of planned placebo doses) or the investigator determines that the subject was not compliant with SoC XOI gout medications (unless SoC XOI SAP-001 SHANTON PHARMA PTE. LTD. Clinical Trial Protocol: SAP-001-202 Version 3.0 (Amendment 2) 10 October 2022 Confidential Page 9 of 125 therapy is contraindicated or not medically appropriate) during the Run-in Period as assessed at the Randomization Visit (Visit 4). 4. Subject had an acute gout flare (exclusive of symptomology associated with chronic synovitis/arthritis) that did not resolve at least 14 days prior to the Randomization Visit (Day 1, Visit 4). If an acute gout flare occurs during the Screening or Run-in Periods, the subject may be rescreened after a period of at least 14 days has passed following resolution of the flare. 5. Serum creatinine level >1.5 mg/dL and/or estimated glomerular filtration rate (eGFR) ≤60 mL/min/1.73 m2 calculated using the Chronic Kidney Disease Epidemiology Collaboration (CKD-EPI) equation by central laboratory results at the Screening Visit (Visit 1) or prior to randomization at the Randomization Visit (Day 1, Visit 4). 6. Abnormal liver function tests, defined as aspartate aminotransferase (AST) or alanine aminotransferase (ALT) >1.5 × upper limit of normal (ULN) or total bilirubin >ULN by central laboratory results at the Screening Visit (Visit 1) or prior to randomization at the Randomization Visit (Day 1, Visit 4). Subjects with a history of Gilbert's syndrome may be enrolled if total bilirubin <2 × ULN by central laboratory results at the Screening Visit (Visit 1) and prior to randomization at the Randomization Visit (Day 1, Visit 4). 7. Subjects diagnosed with acute liver disease within 2 years prior to the Screening Visit (Visit 1). 8. Subjects previously diagnosed with chronic liver disease or hepatic insufficiency before the Screening Visit (Visit 1). 9. Subjects with a current or history of suspected hepatic steatosis (fatty liver) Historical liver ultrasound may be used to evaluate hepatic steatosis -