Welcome to our dedicated page for Jaguar Health news (Ticker: JAGX), a resource for investors and traders seeking the latest updates and insights on Jaguar Health stock.
Jaguar Health, Inc. (NASDAQ: JAGX) is a commercial-stage pharmaceuticals company specializing in the development of novel prescription medicines sustainably derived from natural plant sources in rainforest areas. The company's primary focus is on addressing gastrointestinal (GI) distress in both humans and animals, with an emphasis on chronic debilitating diarrhea and associated symptoms such as urgency, bowel incontinence, and cramping pain.
Jaguar Health operates through several subsidiaries, including Napo Pharmaceuticals, Inc., which develops and commercializes proprietary human GI pharmaceuticals globally. One of its flagship products, Mytesi® (crofelemer), is FDA-approved for symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. The company’s lead animal prescription drug candidate, Canalevia™, targets forms of diarrhea in dogs, while Equilevia™ supports total gut health in equine athletes.
In addition, Jaguar Health, through its Napo Pharmaceuticals subsidiary, is advancing the development of crofelemer with the ongoing OnTarget study, a pivotal Phase 3 clinical trial aimed at the preventive treatment of chemotherapy-induced overactive bowel (CIOB) in adults with cancer on targeted therapy. Crofelemer has also been designated an Orphan Drug by the FDA and European Medicines Agency for short bowel syndrome (SBS) and microvillus inclusion disease (MVID).
Jaguar Health’s commitment to cancer supportive care is showcased through its preparation to launch Gelclair®, an FDA-approved oral mucositis prescription product, in Q3 2024. This initiative is part of their broader strategy to support cancer patients facing severe treatment side effects.
Beyond GI distress, Jaguar Health has a joint venture called Magdalena Biosciences, in collaboration with Filament Health Corp. This venture focuses on developing plant-based prescription medicines for mental health indications. A recent out-licensing agreement with Magdalena includes a botanical drug candidate for potential schizophrenia and psychoses indications.
Jaguar Health’s financial performance reflects consistent growth, with Q1 2024 revenue at approximately $2.4 million, showing a 20% increase from Q1 2023. Despite operational losses, the company continues to invest in research and development, particularly for rare disease treatments.
For more information, visit Jaguar Health, Napo Pharmaceuticals, Napo Therapeutics, and Magdalena Biosciences. Stay connected with Jaguar Health on LinkedIn, X (formerly Twitter), and Instagram.
Jaguar Health (NASDAQ:JAGX) announced on February 7, 2023, that it has regained compliance with Nasdaq's minimum bid price requirement. The company expressed optimism regarding two upcoming late-stage clinical events expected to enhance value recognition within the next six months. Enrollment for the OnTarget trial is projected to complete by Q2 2023. Additionally, Jaguar is focusing on a proof-of-concept trial for crofelemer related to short bowel syndrome and congenital diarrheal disorders with intestinal failure. For more information, please visit jaguar.health.
Jaguar Health (NASDAQ:JAGX) and SynWorld Technologies have mutually terminated the Canalevia Agreement, effective January 31, 2023. This agreement, initiated in June 2022, focused on the treatment of diarrhea in dogs within the Chinese market.
Jaguar is redirecting its efforts towards human drug development, specifically the OnTarget trial for cancer therapy-related diarrhea and further research on rare diseases. CEO Lisa Conte expressed that this shift aims to enhance value creation within the next six months. While both companies may explore future opportunities, geopolitical factors will influence any potential collaboration related to Canalevia.
Jaguar Health (NASDAQ:JAGX) has entered a service agreement with Shareholder Intelligence Services, LLC to track market participants and analyze share ownership data. This collaboration aims to combat illegal short selling, which can depress stock prices and harm investor interests. According to CEO Lisa Conte, this initiative is vital for maximizing shareholder value and ensuring compliance with SEC and FINRA regulations. ShareIntel's platform will assist in identifying potential illegal practices in trading, thereby promoting transparency and effective price discovery for Jaguar's stock.
Jaguar Health, Inc. (NASDAQ:JAGX) has appointed Andrew Mulberg, M.D., former FDA Deputy Director, as a regulatory consultant to enhance its regulatory strategy. Dr. Mulberg, noted for his role in approving Jaguar's crofelemer, will support the company’s focus on ongoing clinical trials, including a Phase 3 study for cancer therapy-related diarrhea. This appointment aims to leverage Dr. Mulberg's extensive regulatory expertise to facilitate future access to crofelemer, a plant-based treatment for various gastrointestinal disorders. Jaguar Health continues to develop non-opioid medicines for serious gastrointestinal conditions while ensuring sustainability in its production processes.
Jaguar Health (NASDAQ:JAGX) announced the grant of 7,500 restricted stock units (RSUs) each to two new employees, effective January 19, 2023. Post-reverse stock split on January 23, 2023, this will equal 100 RSUs per employee. The RSUs vest over three years, contingent upon continued employment. This grant was approved by the Compensation Committee as an inducement for the new hires. Jaguar Health focuses on plant-based, non-opioid medicines for gastrointestinal distress.
Jaguar Health (NASDAQ:JAGX) has announced its strategic focus on rare disease treatments through its subsidiary, Napo Therapeutics. The company intends to submit an Investigational New Drug (IND) application for crofelemer targeting microvillus inclusion disease (MVID) in the first half of 2023, following previous orphan drug designations for both MVID and short bowel syndrome (SBS). Jaguar anticipates significant developments for its NP-300 drug for cholera treatment, including pursuing a Tropical Disease Priority Review Voucher. The firm is optimistic about upcoming clinical trials and their potential impact on shareholder value.
Jaguar Health (NASDAQ:JAGX) announced a significant milestone in the development of crofelemer, an active pharmaceutical ingredient (API) now approved for manufacturing by Indena S.P.A. This completion allows for increased production capabilities as Jaguar seeks FDA approval for new indications, specifically for cancer therapy-related diarrhea. Patient enrollment for the pivotal Phase 3 OnTarget clinical trial is expected to conclude in Q2 2023. This achievement is positioned to meet the anticipated surge in demand for crofelemer, highlighting the collaboration between Jaguar and Indena, a leader in plant-based pharmaceuticals.
Jaguar Health, Inc. (NASDAQ:JAGX) has established the board of directors for its newly formed joint venture, Magdalena Biosciences, Inc., created with Filament Health Corp. (NEO:FH, OTCQB:FLHLF). The joint venture aims to develop natural prescription medicines targeting mental health issues, including ADHD in adults. Dr. Karen Brunke has been appointed as the acting CEO of Magdalena. Board members include Jaguar's CEO Lisa Conte and Filament's CEO Benjamin Lightburn, both bringing extensive experience in biotechnology and pharmaceuticals. This initiative intends to leverage plant-derived therapies for mental health, aligning with Jaguar's mission.
Jaguar Health announced the approval of a 1-for-75 reverse stock split effective January 23, 2023, to comply with Nasdaq listing standards. Following the split, shares will be traded on a split-adjusted basis under the stock symbol JAGX. The decision was supported by a majority vote at the Special Meeting of Stockholders held on January 20, 2023. Additionally, the company expects to complete enrollment for its pivotal Phase 3 OnTarget clinical trial by Q2 2023, focusing on crofelemer for cancer therapy-related diarrhea. This trial is part of Jaguar's growth strategy amidst two key late-stage clinical activities anticipated to drive value creation.
Jaguar Health (NASDAQ:JAGX) announced on January 20, 2023, that CEO Lisa Conte will present at the virtual Lytham Partners Investor Select Conference on January 31, 2023. The presentation begins at 9:00 a.m. Eastern Time and will be available for online viewing. Interested parties can access the webcast here, and it will also be archived for replay.
Management will hold virtual one-on-one meetings during the event, arranged through Lytham Partners. Jaguar Health focuses on developing plant-based prescription medicines for gastrointestinal issues.
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