Jaguar Health, Inc. - JAGX STOCK NEWS

Jaguar Health (NASDAQ:JAGX) announced the grant of nonstatutory stock options and restricted stock units (RSUs) to two new employees effective July 15, 2021. Each employee received options for up to 8,000 shares at an exercise price of $1.41 per share, vested over three years. Additionally, 4,000 RSUs were granted to each employee, vesting equally over the same period. These grants were approved by the Compensation Committee as an inducement for employment, contingent on continued service with the company.

Napo EU, a target of Dragon SPAC, aims to develop crofelemer to treat short bowel syndrome (SBS), having received orphan-drug designation from the US FDA. The merger of Napo EU and Dragon SPAC is anticipated to finalize within 80 days, with potential license and milestone fees up to $12.5 million. Recent financing closed with €8.83 million (approx. $10.8 million) from Jaguar Health, Inc. (NASDAQ:JAGX). The global SBS market is projected to grow from $568 million in 2019 to $4.6 billion by 2027.

Jaguar Health (NASDAQ:JAGX) announced the completion of the Phase 2 HALT-D study, investigating Mytesi^® (crofelemer) for diarrhea relief in HER2 positive breast cancer patients undergoing chemotherapy. Sponsored by Georgetown University and funded by Genentech, results have been submitted for presentation at the San Antonio Breast Cancer Symposium in December 2021. The study aims to address common chemotherapy-related diarrhea, which can hinder treatment adherence and patient outcomes. Jaguar looks forward to potential publication of these results, separate from the ongoing Phase 3 trial of crofelemer.

Jaguar Health, Inc. (NASDAQ:JAGX) has adjourned its Annual Meeting of Stockholders for the third time due to insufficient quorum. Over 74% of votes cast favor Proposals 2, 3, 4, and 6. The meeting will reconvene on August 6, 2021, at 8:30 AM PST to encourage more participation. As of April 12, 2021, stockholders are reminded to vote if they haven't done so. The company emphasizes that approximately 2.9% of eligible stock must vote to reach quorum. The proposals remain unchanged, and voting options are provided for stockholders.

Jaguar Health (NASDAQ:JAGX) will join the Russell Microcap Index effective June 28, 2021, enhancing its visibility and potentially broadening its institutional shareholder base. The inclusion in this index reflects Jaguar's market capitalization and growth attributes, which can attract investment managers looking for benchmarked stocks. This milestone aligns with the company's ongoing efforts to expand access to crofelemer, its plant-based product approved for treating noninfectious diarrhea in adults with HIV/AIDS.

Jaguar Health, Inc. (Nasdaq:JAGX) has adjourned its Annual Meeting of Stockholders originally scheduled for May 13, 2021, due to lack of quorum. The meeting will reconvene on July 9, 2021. Preliminary votes indicate over 76% support for key proposals, particularly Proposal 3, which seeks to increase the authorized shares of Common Stock from 150 million to 290 million. This increase aims to provide flexibility for future business needs and potential capital raises. The record date for eligible stockholders remains April 12, 2021.

Jaguar Health, Inc. (NASDAQ:JAGX) announced on June 4, 2021, the grant of stock options and restricted stock units (RSUs) to a new employee as inducement awards. Effective May 27, 2021, the company granted nonstatutory stock options for 225,000 shares with an exercise price of $1.68 per share, vesting over three years. Additionally, 112,500 RSUs were granted, vesting similarly over three years. These grants were approved by the Compensation Committee and are contingent on the employee's continued service.

Jaguar Health (NASDAQ:JAGX) announced a webcast interview with CEO Lisa Conte and Dragon SPAC founding sponsor Josh Mailman, scheduled for June 3, 2021, at 8:30 AM ET. The discussion will center on plans for Napo EU S.p.A., the company's Italian subsidiary, to seek conditional marketing authorization for crofelemer from the European Medicines Agency for treating short bowel syndrome (SBS), which leads to severe nutrient absorption issues. Jaguar aims to expand crofelemer access in Europe, capitalizing on its unique plant-based drug profile.

Jaguar Health and Dragon SPAC announced a private financing of approximately US$10.8 million to support the merger with Napo EU S.p.A. The funds will help pursue conditional marketing authorization for crofelemer, targeting short bowel syndrome, a market projected to reach US$4.6 billion by 2027. The deal involves Dragon SPAC issuing units, each including one ordinary share and a warrant. The financing is expected to close by Q2 2021, with the merger likely finalized within 30 days. This strategic shift aims to meet an unmet medical need in gastrointestinal health.