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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 a Memorandum of Understanding (MOU) with the Dragon SPAC to enable Napo EU’s anticipated listing on AIM Italia. The focus is on seeking conditional marketing authorization for crofelemer to treat inflammatory diarrhea in long-hauler COVID-19 patients in Europe. The partnership aims to leverage Napo's experience in developing plant-based drugs, particularly crofelemer, which is currently used for noninfectious diarrhea in HIV/AIDS patients. The potential market includes 20-70 million people in Europe suffering from gastrointestinal issues related to long COVID.
Jaguar Health, Inc. (NASDAQ:JAGX) announced a webcast on January 27, 2021, at 8:30 AM ET to discuss updates on the proposed merger of its anticipated subsidiary Napo EU with a special purpose acquisition company (SPAC) focused on Post Pandemic Recovery. Jaguar is exploring conditional marketing authorization in Europe for crofelemer, aimed at addressing gastrointestinal issues in long-hauler COVID-19 patients. The webcast will feature CEO Lisa Conte and Andreea Porcelli as co-presenters.
Jaguar Health, Inc. (NASDAQ:JAGX) announced the granting of nonstatutory stock options to new employees as inducement awards. Effective December 9, 2020, one employee received options for 1,500 shares, while another received options for 35,000 shares, with an exercise price of $0.353. Additionally, on January 7, 2021, another employee was granted options for 7,000 shares at $2.68 per share. All options vest over three years, subject to continued employment. These options are part of the Company's strategy to attract and retain talent.
Jaguar Health, Inc. (NASDAQ:JAGX) announced on January 21, 2021, that it has regained compliance with Nasdaq's bid price requirement, as stated by the Nasdaq Hearings Panel on October 28, 2020. CEO Lisa Conte expressed satisfaction with this achievement, attributing it to the company's efforts since Q2 2020, such as expanding patient access to Mytesi® and securing a $6 million royalty-based capital infusion. The company is also advancing a Phase 3 clinical trial for crofelemer aimed at treating cancer therapy-related diarrhea.
Jaguar Health, Inc. (NASDAQ:JAGX) announced a webcast on January 27, 2021, at 8:30 AM ET regarding its potential merger with Post Pandemic Recovery Equity SPAC. Lisa Conte, CEO of Jaguar, and Andreea Porcelli, SPAC sponsor and CEO of Swiss Growth Forum, will co-present updates. The company aims to explore conditional marketing authorization in Europe for its product addressing gastrointestinal distress related to long COVID. Mytesi, Jaguar's FDA-approved medication, is positioned to aid patients suffering from ongoing symptoms post-COVID-19.
Jaguar Health, Inc. (NASDAQ:JAGX) announced the successful issuance of a $6 million secured promissory note to Streeterville Capital, LLC. The financing supports the development of lechlemer, aimed at treating diarrhea and dehydration in cholera patients. The investor holds a right to 18% of gross proceeds from a potential tropical disease priority review voucher (TDPRV). This program incentivizes drug development for neglected diseases and has seen previous vouchers sold for up to $350 million. Napo Pharmaceuticals, Jaguar's subsidiary, is conducting ongoing preclinical studies for lechlemer, which is derived from the Croton lechleri tree.
Jaguar Health, Inc. (NASDAQ:JAGX) has released a recap of its January 14, 2021 investor webcast and provided a replay link due to high participation. Key highlights include plans to pursue conditional marketing authorization in Europe for crofelemer, aimed at treating 'long-hauler' COVID-19 symptoms. The company announced a securities purchase agreement, raising approximately $15 million, and a $6 million agreement related to Napo's lechlemer drug candidate. Jaguar also discussed establishing Napo EU in Italy, targeting additional value from potential licensing arrangements.
Jaguar Health announced a $6 million non-dilutive financing arrangement involving the sale of partial rights to a Tropical Disease Priority Review Voucher (TDPRV). This financing aims to support the clinical development of lechlemer for alleviating diarrhea in cholera patients. The TDPRV, previously valued between $67 million and $350 million, incentivizes drug development for neglected and rare diseases. The company has established that funds from this deal will fully cover the lechlemer clinical program, which is expected to advance clinical trials following positive initial studies.
Jaguar Health, Inc. (NASDAQ:JAGX) has entered a securities purchase agreement with two institutional investors for the sale of 4,437,870 shares of common stock at $3.38 per share, aiming for gross proceeds of approximately $15 million. The offering, scheduled to close around January 15, 2021, is executed under a shelf registration statement effective since September 23, 2020. Ladenburg Thalmann acts as the exclusive placement agent. The funds will be used to support the company's development of plant-based medicines for GI distress, specifically targeting chronic diarrhea.
Jaguar Health, Inc. (NASDAQ:JAGX) announces that CEO Lisa Conte will present at the H.C. Wainwright BIOCONNECT 2021 virtual conference from January 11-14, 2021, with a presentation available on-demand. Additionally, Conte will speak at the NobleCon17 on January 19, 2021, at 4:30 PM Eastern Time. An investor webcast will also be hosted on January 14, 2021, at 11:30 AM Eastern Time. The company plans to explore conditional marketing for crofelemer, targeting post-COVID-19 recovery patients. More details and registration links are provided.
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