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.
Napo Pharmaceuticals, a subsidiary of Jaguar Health, Inc. (NASDAQ:JAGX), appointed Dr. Darlene Horton as Chief Medical Officer. Dr. Horton, a biopharmaceutical veteran, will enhance the company's phase 3 clinical trial for crofelemer, aimed at preventing cancer therapy-related diarrhea. Her extensive experience spans multiple therapeutic areas, having held senior roles at several biotech firms. The company is also pursuing conditional marketing authorization from the European Medicines Agency for crofelemer. This appointment is expected to drive further development of innovative gastrointestinal treatments.
Jaguar Health (NASDAQ:JAGX) announced significant findings related to cancer-related diarrhea (CRD) through its subsidiary, Napo Pharmaceuticals. Three abstracts have been accepted for presentation at the ASCO Annual Meeting from June 4-8, 2021. Key findings show that patients with CRD are 40% more likely to discontinue chemotherapy, leading to increased healthcare resource utilization and costs, with those affected incurring nearly 2.9 times higher costs than non-CRD patients. The need for effective CRD management is emphasized to enhance treatment adherence.
Jaguar Health (NASDAQ:JAGX) has launched a new Instagram page to foster community engagement and awareness. The platform will host jaguar-themed contests and provide educational content related to plant-based medicines and environmental conservation. A caption contest will run until May 26, with submissions judged by a panel including the company's CEO. Additionally, the page will promote activities in recognition of HIV Long-Term Survivors Awareness Day on June 5. Jaguar is focused on developing plant-based drugs for gastrointestinal issues.
Jaguar Health (NASDAQ:JAGX) has announced progress on its Canalevia drug candidate, the first FDA-approved plant-based medicine for treating chemotherapy-induced diarrhea (CID) in dogs. With over 50,000 dogs experiencing CID annually, Canalevia aims to provide relief for these pets during cancer treatment. The company plans to submit applications for conditional approval by Q4 2021. Additionally, Jaguar is working on approval for exercise-induced diarrhea (EID) in working dogs. Canalevia is positioned to enhance the quality of life for dogs undergoing chemotherapy, benefiting pet owners and veterinary teams alike.
Jaguar Health, Inc. (NASDAQ:JAGX) announced the granting of nonstatutory stock options and restricted stock units (RSUs) to three new employees as inducement awards effective May 12, 2021. The stock options total 48,750 shares with an exercise price of $1.22, vesting over three years. The RSUs granted to one employee total 2,375 shares, also vesting over three years. These awards aim to incentivize new hires as part of the Company’s growth strategy, reflecting a commitment to attract talent in the pharmaceuticals sector.
Jaguar Health, Inc. (NASDAQ:JAGX) announced that its Annual Meeting of Stockholders, originally held on May 13, 2021, was adjourned due to a lack of quorum, with a reconvene scheduled for June 11, 2021, at 8:30 AM PST. Over 80% of votes cast favored Proposals 2, 3, 4, and 6. Proposal 3 aims to increase the authorized shares of Common Stock from 150 million to 290 million, providing flexibility for future business opportunities. Stockholders are encouraged to participate in the voting process as approximately 11% of eligible shares are still needed to reach quorum.
Jaguar Health (NASDAQ:JAGX) announced a webcast to discuss Q1 2021 financial results and business updates on May 17, 2021, at 8:30 AM ET. Interested participants can register using the provided link. Jaguar is focused on developing plant-based medicines for gastrointestinal issues, particularly chronic diarrhea. Its product, Mytesi (crofelemer), is FDA-approved for noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. The company emphasizes sustainable practices in harvesting its active ingredients.
Jaguar Health, Inc. (NASDAQ:JAGX) announced a registered direct offering of 7,647,000 shares, raising approximately $10.8 million. The offering price is set at $1.41 per share, with proceeds aimed at supporting its subsidiary Napo EU S.p.A. This includes potential capital expenditures, licenses, acquisitions, and growth opportunities. The company also terminated its at-the-market financing program effective April 26, 2021. Closing is expected around May 3, 2021, pending customary conditions satisfaction.
Jaguar Health (NASDAQ:JAGX) announced that an abstract on patient outcomes related to cancer therapy-related diarrhea was accepted for a poster presentation at the 2021 ASCO Annual Meeting, occurring virtually from June 4-8, 2021. The study, titled The impact of cancer-related diarrhea on changes in cancer therapy patterns: Real world evidence, highlights the significance of diarrhea in cancer treatment. Napo Pharmaceuticals, Jaguar's subsidiary, is conducting a pivotal Phase 3 clinical trial of crofelemer (Mytesi), aimed at preventing diarrhea in cancer patients.
Jaguar Health, Inc. (JAGX) has announced a webcast interview featuring CEO Lisa Conte and Dragon SPAC lead sponsor Josh Mailman on April 23, 2021, at 8:30 AM Eastern. The discussion will cover the business overview of Napo EU S.p.A., its wholly owned Italian subsidiary. The Company is seeking conditional marketing authorization from the European Medicines Agency for crofelemer to treat COVID-related diarrhea. Jaguar is focused on developing sustainable, plant-based pharmaceuticals for gastrointestinal distress.
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