female subjects who are breastfeeding or female subjects with a positive pregnancy test at the screening visit or admission. study participant has a history of an anaphylactic reaction to study drug or components thereof or a history of drug or other allergy that, in the opinion of the investigator or medical monitor, contraindicates their participation. subject has used an investigational drug within 30 days (or 5 half-lives whichever is longer) prior to the first dose of study drug. subject is on any regular (more than 4 days a week) prescription or nonprescription over the counter medication, topical medications, vitamins, dietary or herbal (occasional use of acetaminophen, paracetamol or ibuprofen allowed). subject has positive urine test for drugs of abuse at the screening visit or admission. regular consumption of alcohol within 6 months prior to screening (> 7 drinks/week for females, > 14 drinks/week for males where 1 drink = 5 ounces [150 ml] of wine or 12 ounces [360 ml] of beer or 1.5 ounces [45 ml] of hard liquor), or use of illicit substances (such as marijuana) within 3 months prior to the screening visit. subject has positive test for sars-cov-2 antigen or real-time rt-pcr, hbsag, anti-hbc antibodies, hcv antibody, and/or hiv antibody at screening visit. donation or loss of 450 ml or more of blood within 4 weeks or 250 ml of plasma within 4 weeks prior to initial dosing. subject has a history or current evidence of a serious and/or unstable cardiovascular, respiratory, gastrointestinal, hematologic, autoimmune, mental or other medical disorder, including cirrhosis or malignancy. subject has a history of a psychiatric disorder that will affect the subject's ability to participate in the study as determined by the investigator. subject has a clinically relevant abnormal ecg. subject has clinically relevant abnormal laboratory values at the discretion of the investigator. subject has hypertension with a mean systolic bp >150 mmhg or mean diastolic bp >100 mm hg. screening and admission tests may be repeated once if abnormal. subject has acute, clinically significant illness within 30 days prior to admission, or any other condition or prior therapy that, in the opinion of the investigator, would make the subject unsuitable for the study. subject is an employee of the clinical research team (any apeiron biologics ag or study center employee). subject is unable to understand the protocol requirements, instructions, study-related restrictions, nature, scope and possible consequences of the clinical study. subject is unlikely to comply with the protocol requirements, instructions and study-related restrictions, e.g., uncooperative attitude, inability to return for follow-up visits and improbability of completing the clinical study. subject judged inappropriate as participant for the study by the investigator for other reasons. any signs of respiratory tract infection within 6 weeks of screening. subject previously diagnosed with covid-19 pneumonia. presence of acute infection in the preceding 14 days, or presence of fever (> 37.9°c oral or tympanic temperature assessment), or acute symptoms of any severity on the scheduled date of admission. subject who has a current bacterial, parasitic, fungal, or viral infection; any infection requiring hospitalization or intravenous antibiotics within 6 weeks prior to screening. subject has any pathological condition of the oro-laryngeal or respiratory tract that hinders use of nebulizer. any of the following laboratory abnormalities: white blood cells, hemoglobin, platelets, aspartate aminotransferase (ast) or alanine aminotransferase (alt) ±15% outside of normal limits. alkaline phosphatase (alp), urea and creatinine above 15% outside of normal limits. subject has received or plans to receive a coronavirus vaccine, or any other vaccine, within 7 days prior to the first dose of study drug or during the study.

female subjects who are breastfeeding or female subjects with a positive pregnancy test at the screening visit or admission. study participant has a history of an anaphylactic reaction to study drug or components thereof or a history of drug or other allergy that, in the opinion of the investigator or medical monitor, contraindicates their participation. subject has used an investigational drug within 30 days (or 5 half-lives whichever is longer) prior to the first dose of study drug. subject is on any regular (more than 4 days a week) prescription or nonprescription over the counter medication, topical medications, vitamins, dietary or herbal (occasional use of acetaminophen, paracetamol or ibuprofen allowed). subject has positive urine test for drugs of abuse at the screening visit or admission. regular consumption of alcohol within 6 months prior to screening (> 7 drinks/week for females, > 14 drinks/week for males where 1 drink = 5 ounces [150 ml] of wine or 12 ounces [360 ml] of beer or 1.5 ounces [45 ml] of hard liquor), or use of illicit substances (such as marijuana) within 3 months prior to the screening visit. subject has positive test for sars-cov-2 antigen or real-time rt-pcr, hbsag, anti-hbc antibodies, hcv antibody, and/or hiv antibody at screening visit. donation or loss of 450 ml or more of blood within 4 weeks or 250 ml of plasma within 4 weeks prior to initial dosing. subject has a history or current evidence of a serious and/or unstable cardiovascular, respiratory, gastrointestinal, hematologic, autoimmune, mental or other medical disorder, including cirrhosis or malignancy. subject has a history of a psychiatric disorder that will affect the subject's ability to participate in the study as determined by the investigator. subject has a clinically relevant abnormal ecg. subject has clinically relevant abnormal laboratory values at the discretion of the investigator. subject has hypertension with a mean systolic bp >150 mmhg or mean diastolic bp >100 mm hg. screening and admission tests may be repeated once if abnormal. subject has acute, clinically significant illness within 30 days prior to admission, or any other condition or prior therapy that, in the opinion of the investigator, would make the subject unsuitable for the study. subject is an employee of the clinical research team (any apeiron biologics ag or study center employee). subject is unable to understand the protocol requirements, instructions, study-related restrictions, nature, scope and possible consequences of the clinical study. subject is unlikely to comply with the protocol requirements, instructions and study-related restrictions, e.g., uncooperative attitude, inability to return for follow-up visits and improbability of completing the clinical study. subject judged inappropriate as participant for the study by the investigator for other reasons. any signs of respiratory tract infection within 6 weeks of screening. subject previously diagnosed with covid-19 pneumonia. presence of acute infection in the preceding 14 days, or presence of fever (> 37.9°c oral or tympanic temperature assessment), or acute symptoms of any severity on the scheduled date of admission. subject who has a current bacterial, parasitic, fungal, or viral infection; any infection requiring hospitalization or intravenous antibiotics within 6 weeks prior to screening. subject has any pathological condition of the oro-laryngeal or respiratory tract that hinders use of nebulizer. any of the following laboratory abnormalities: white blood cells, hemoglobin, platelets, aspartate aminotransferase (ast) or alanine aminotransferase (alt) ±15% outside of normal limits. alkaline phosphatase (alp), urea and creatinine above 15% outside of normal limits. subject has received or plans to receive a coronavirus vaccine, or any other vaccine, within 7 days prior to the first dose of study drug or during the study.

1. female subjects who are breastfeeding or female subjects with a positive pregnancy test at the screening visit or admission. 2. study participant has a history of an anaphylactic reaction to study drug or components thereof or a history of drug or other allergy that, in the opinion of the investigator or medical monitor, contraindicates their participation. 3. subject has used an investigational drug within 30 days (or 5 half-lives whichever is longer) prior to the first dose of study drug. 4. subject is on any regular (more than 4 days a week) prescription or nonprescription over the counter medication, topical medications, vitamins, dietary or herbal (occasional use of acetaminophen, paracetamol or ibuprofen allowed). 5. subject has positive urine test for drugs of abuse at the screening visit or admission. 6. regular consumption of alcohol within 6 months prior to screening (> 7 drinks/week for females, > 14 drinks/week for males where 1 drink = 5 ounces [150 ml] of wine or 12 ounces [360 ml] of beer or 1.5 ounces [45 ml] of hard liquor), or use of illicit substances (such as marijuana) within 3 months prior to the screening visit. 7. subject has positive test for sars-cov-2 antigen or real-time rt-pcr, hbsag, anti-hbc antibodies, hcv antibody, and/or hiv antibody at screening visit. 8. donation or loss of 450 ml or more of blood within 4 weeks or 250 ml of plasma within 4 weeks prior to initial dosing. 9. subject has a history or current evidence of a serious and/or unstable cardiovascular, respiratory, gastrointestinal, hematologic, autoimmune, mental or other medical disorder, including cirrhosis or malignancy. 10. subject has a history of a psychiatric disorder that will affect the subject's ability to participate in the study as determined by the investigator. 11. subject has a clinically relevant abnormal ecg. 12. subject has clinically relevant abnormal laboratory values at the discretion of the investigator. 13. subject has hypertension with a mean systolic bp >150 mmhg or mean diastolic bp >100 mm hg. screening and admission tests may be repeated once if abnormal. 14. subject has acute, clinically significant illness within 30 days prior to admission, or any other condition or prior therapy that, in the opinion of the investigator, would make the subject unsuitable for the study. 15. subject is an employee of the clinical research team (any apeiron biologics ag or study center employee). 16. subject is unable to understand the protocol requirements, instructions, study-related restrictions, nature, scope and possible consequences of the clinical study. subject is unlikely to comply with the protocol requirements, instructions and study-related restrictions, e.g., uncooperative attitude, inability to return for follow-up visits and improbability of completing the clinical study. 17. subject judged inappropriate as participant for the study by the investigator for other reasons. 18. any signs of respiratory tract infection within 6 weeks of screening. 19. subject previously diagnosed with covid-19 pneumonia. 20. presence of acute infection in the preceding 14 days, or presence of fever (> 37.9°c oral or tympanic temperature assessment), or acute symptoms of any severity on the scheduled date of admission. 21. subject who has a current bacterial, parasitic, fungal, or viral infection; any infection requiring hospitalization or intravenous antibiotics within 6 weeks prior to screening. 22. subject has any pathological condition of the oro-laryngeal or respiratory tract that hinders use of nebulizer. 23. any of the following laboratory abnormalities: white blood cells, hemoglobin, platelets, aspartate aminotransferase (ast) or alanine aminotransferase (alt) ±15% outside of normal limits. alkaline phosphatase (alp), urea and creatinine above 15% outside of normal limits. 24. subject has received or plans to receive a coronavirus vaccine, or any other vaccine, within 7 days prior to the first dose of study drug or during the study.

1. female subjects who are breastfeeding or female subjects with a positive pregnancy test at the screening visit or admission. 2. study participant has a history of an anaphylactic reaction to study drug or components thereof or a history of drug or other allergy that, in the opinion of the investigator or medical monitor, contraindicates their participation. 3. subject has used an investigational drug within 30 days (or 5 half-lives whichever is longer) prior to the first dose of study drug. 4. subject is on any regular (more than 4 days a week) prescription or nonprescription over the counter medication, topical medications, vitamins, dietary or herbal (occasional use of acetaminophen, paracetamol or ibuprofen allowed). 5. subject has positive urine test for drugs of abuse at the screening visit or admission. 6. regular consumption of alcohol within 6 months prior to screening (> 7 drinks/week for females, > 14 drinks/week for males where 1 drink = 5 ounces [150 ml] of wine or 12 ounces [360 ml] of beer or 1.5 ounces [45 ml] of hard liquor), or use of illicit substances (such as marijuana) within 3 months prior to the screening visit. 7. subject has positive test for sars-cov-2 antigen or real-time rt-pcr, hbsag, anti-hbc antibodies, hcv antibody, and/or hiv antibody at screening visit. 8. donation or loss of 450 ml or more of blood within 4 weeks or 250 ml of plasma within 4 weeks prior to initial dosing. 9. subject has a history or current evidence of a serious and/or unstable cardiovascular, respiratory, gastrointestinal, hematologic, autoimmune, mental or other medical disorder, including cirrhosis or malignancy. 10. subject has a history of a psychiatric disorder that will affect the subject's ability to participate in the study as determined by the investigator. 11. subject has a clinically relevant abnormal ecg. 12. subject has clinically relevant abnormal laboratory values at the discretion of the investigator. 13. subject has hypertension with a mean systolic bp >150 mmhg or mean diastolic bp >100 mm hg. screening and admission tests may be repeated once if abnormal. 14. subject has acute, clinically significant illness within 30 days prior to admission, or any other condition or prior therapy that, in the opinion of the investigator, would make the subject unsuitable for the study. 15. subject is an employee of the clinical research team (any apeiron biologics ag or study center employee). 16. subject is unable to understand the protocol requirements, instructions, study-related restrictions, nature, scope and possible consequences of the clinical study. subject is unlikely to comply with the protocol requirements, instructions and study-related restrictions, e.g., uncooperative attitude, inability to return for follow-up visits and improbability of completing the clinical study. 17. subject judged inappropriate as participant for the study by the investigator for other reasons. 18. any signs of respiratory tract infection within 6 weeks of screening. 19. subject previously diagnosed with covid-19 pneumonia. 20. presence of acute infection in the preceding 14 days, or presence of fever (> 37.9°c oral or tympanic temperature assessment), or acute symptoms of any severity on the scheduled date of admission. 21. subject who has a current bacterial, parasitic, fungal, or viral infection; any infection requiring hospitalization or intravenous antibiotics within 6 weeks prior to screening. 22. subject has any pathological condition of the oro-laryngeal or respiratory tract that hinders use of nebulizer. 23. any of the following laboratory abnormalities: white blood cells, hemoglobin, platelets, aspartate aminotransferase (ast) or alanine aminotransferase (alt) ±15% outside of normal limits. alkaline phosphatase (alp), urea and creatinine above 15% outside of normal limits. 24. subject has received or plans to receive a coronavirus vaccine, or any other vaccine, within 7 days prior to the first dose of study drug or during the study.