Verseon announced that it has received ethics committee approval and acknowledgement from the Therapeutic Goods Administration in Australia for the phase I clinical trial of VE-1902, the first clinical candidate from its novel class of precision oral anticoagulants (PROACs). Verseon's PROACs, in preclinical testing, show a unique combination of efficacy with low bleeding, potentially making them suitable for stroke prevention in atrial fibrillation or prolonged co-administration with antiplatelet drugs for patients with coronary artery disease. The primary goal of this double-blinded, randomized, placebo-controlled phase I trial is to study the safety, tolerability, and composite hemostatic profile of VE-1902 in healthy volunteers. Secondary endpoints will assess pharmacokinetic and pharmacodynamic profiles. The study will be conducted in two stages investigating once-a-day oral dosing in tablet form: a single ascending dose stage with a food effect comparison cohort and a multiple ascending dose stage with 7-day repeat dosing.