This study will evaluate the effects of elafibranor (the study drug) in participants with Primary Sclerosing Cholangitis (PSC). PSC is a rare disease of the liver that leads to injury and destruction of bile ducts. Damage to bile ducts leads to buildup of bile in the liver, which then causes further damage, and leads to disease progression. This study will compare elafibranor to a placebo, a dummy treatment. The main objective of the trial will be to study the safety and side effects of the study drug. The trial will also study the study drug's effects on blood tests and other tests related to PSC disease activity.
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Percentage of Participants With Treatment Emergent Adverse Event (TEAEs), Treatment Related TEAEs, Serious Adverse (SAEs) and Adverse Events of Special Interest (AESIs)
Timeframe: Double Blind Period: Baseline up to week 12, Open Label Extension (OLE) Period: Baseline up to week 100
Percentage of Participants With Clinically Significant Changes in Physical Examination Findings
Timeframe: Double Blind Period: Baseline up to week 12, OLE Period: Baseline up to week 100
Percentage of Participants With Clinically Significant changes in Laboratory Parameters (blood chemistry, hematology and coagulation)
Timeframe: Double Blind Period: Baseline up to week 12, OLE Period: Baseline up to week 100
Percentage of Participants With Clinically Significant Changes in Vital Signs
Timeframe: Double Blind Period: Baseline up to week 12, OLE Period: Baseline up to week 100
Percentage of Participants With Clinically Significant Changes in Electrocardiogram (ECG) Readings
Timeframe: Double Blind Period: Baseline up to week 12, OLE Period: Baseline up to week 100