Jaguar Health Inc Stock Price, News & Analysis

Jaguar Health and Dragon SPAC announced initial funding of $10.8 million for the Dragon SPAC private financing, aimed at facilitating a business combination with Napo EU, its Italian subsidiary. Napo EU plans to pursue conditional marketing authorization in the EU for crofelemer, targeting short bowel syndrome (SBS), a rare gastrointestinal condition. This orphan drug designation offers incentives like reduced fees and market exclusivity. The SBS market is projected to grow from $568 million in 2019 to $4.6 billion by 2027, with a CAGR of 26%.

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.