The Merger of Dragon SPAC S.p.A. and Napo EU S.p.A. has Closed

Rhea-AI Summary

Jaguar Health announced the completion of its merger with Dragon SPAC, officially forming Napo EU S.p.A.

The merger received necessary governmental approvals, as confirmed by CEO Lisa Conte. The new entity will focus on expanding the market for Mytesi (crofelemer) in Europe, a plant-based treatment for noninfectious diarrhea, especially among patients with HIV/AIDS.

This merger aims to bolster Jaguar's presence in the European market, enhancing access to its innovative gastrointestinal pharmaceuticals.

Positive

• Completion of merger creates Napo EU S.p.A., expanding growth opportunities in Europe.
• Retention of Mytesi for European market potentially increases revenue.
• Strategic focus on chronic GI distress treatment aligns with market needs.

Negative

• None.

The combined entity is named Napo EU S.p.A.

SAN FRANCISCO, CA / ACCESSWIRE / November 1, 2021 / Jaguar Health, Inc. (NASDAQ:JAGX) today announced that the merger of its Italian subsidiary Napo EU S.p.A. and Dragon SPAC S.p.A. has closed.

"We know shareholders and other stakeholders have been eagerly awaiting the completion of all the administrative steps, including Italian governmental approval, required to consummate the merger. I am very pleased to announce that the merger of Dragon SPAC and Napo EU is closed and that the combined entity has retained the name Napo EU S.p.A.," stated Lisa Conte, Jaguar's president and CEO and Napo EU board member.

"Ciao Ciao"

About Jaguar Health, Inc., Napo Pharmaceuticals, Inc. & Napo EU S.p.A.

Jaguar Health, Inc. is a commercial stage pharmaceuticals company focused on developing novel, plant-based, non-opioid, and sustainably derived prescription medicines for GI distress, specifically chronic, debilitating diarrhea. Our wholly owned subsidiary, Napo Pharmaceuticals, Inc., focuses on developing and commercializing proprietary plant-based human gastrointestinal pharmaceuticals from plants harvested responsibly from rainforest areas. Our Mytesi^® (crofelemer) product is approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy and the only oral plant-based prescription medicine approved under FDA Botanical Guidance. Crofelemer is the subject of the OnTarget study, an ongoing pivotal Phase 3 clinical trial for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy. Napo EU S.p.A., the wholly owned Italian subsidiary of Napo Pharmaceuticals, focuses on expanding crofelemer access in Europe.

For more information about Jaguar, please visit https://jaguar.health. For more information about Napo Pharmaceuticals, visit www.napopharma.com. For more information about Napo EU, visit www.napoeu.com.

About Mytesi^®

Mytesi^® (crofelemer delayed release tablets) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Mytesi is not indicated for the treatment of infectious diarrhea. Rule out infectious etiologies of diarrhea before starting Mytesi. If infectious etiologies are not considered, there is a risk that patients with infectious etiologies will not receive the appropriate therapy and their disease may worsen. In clinical studies, the most common adverse reactions occurring at a rate greater than placebo were upper respiratory tract infection (5.7%), bronchitis (3.9%), cough (3.5%), flatulence (3.1%), and increased bilirubin (3.1%).

More information and complete Prescribing Information are available at Mytesi.com.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements." In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "aim," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to several risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar's control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Contact:

Peter Hodge
Jaguar Health, Inc.
phodge@jaguar.health
Jaguar-JAGX

SOURCE: Jaguar Health, Inc.

View source version on accesswire.com:
https://www.accesswire.com/670455/The-Merger-of-Dragon-SPAC-SpA-and-Napo-EU-SpA-has-Closed

FAQ

What is the significance of the merger between Jaguar Health and Dragon SPAC?

The merger creates Napo EU S.p.A., enhancing Jaguar's market presence in Europe for its gastrointestinal treatments, particularly Mytesi.

When did Jaguar Health announce the closure of its merger?

Jaguar Health announced the closing of the merger on November 1, 2021.

What is Mytesi and how is it associated with the merger?

Mytesi is a plant-based medication for noninfectious diarrhea in patients with HIV/AIDS, and the merger aims to expand its access in Europe.

How does the merger impact Jaguar Health's stock symbol JAGX?

The merger is expected to strengthen Jaguar's market position, which may positively influence the performance of its stock symbol JAGX.