Item 8.01 Other Events
Jaguar Health, Inc. (Jaguar or the Company) and its wholly-owned subsidiary, Napo Pharmaceuticals, Inc. (Napo), are planning to study, develop and commercialize crofelemer, the Companys novel proprietary drug, for an indication of inflammatory diarrhea, initially in Europe. The Companys focus on this new indication is driven primarily by the emergence of the long-hauler COVID-19-recovery patients, sometimes referred to as chronic COVID or post-acute COVID syndrome. The Company intends to focus its clinical exploration in Europe, where single-payer healthcare systems focus on preventative measures to diagnose and treat symptoms that can be a precursor to potentially chronic illness. Endpoints being explored would include prophylaxis and/or symptomatic relief of diarrhea, reduction in inflammatory gut markers, and reduction in viral fecal shedding. The Company intends to evaluate various pathways to develop and commercialize crofelemer for inflammatory diarrhea, including collaborative relationships, strategic partnerships, and/or licensing of crofelemer.
Mytesi (crofelemer) is a novel, first-in-class anti-secretory agent which has a basic normalizing effect locally on the gut, and this mechanism of action has the potential to benefit multiple disorders. The Mytesi (crofelemer) product is approved in the U.S. by the U.S. Food and Drug Administration for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy, which includes people living with HIV and enteropathy, an inflammatory chronic syndrome typically affecting long-term HIV/AIDS survivors. Mytesi is in development for multiple possible follow-on indications, including cancer therapy-related diarrhea, a rare disease indication for infants and children with congenital diarrheal disorders (CDD), a rare disease indication for adult and pediatric patients with short bowel syndrome (SBS), supportive care for inflammatory bowel disease (IBD), irritable bowel syndrome (IBS), and idiopathic/functional diarrhea. As previously disclosed, Napo initiated its pivotal Phase 3 clinical trial of crofelemer (Mytesi) for prophylaxis of diarrhea in adult cancer patients receiving targeted therapy (cancer therapy-related diarrhea (CTD)) this past October.
This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the Companys plan to study, develop and commercialize crofelemer for an indication of inflammatory diarrhea, the Companys intention to focus its clinical exploration in Europe, the endpoints that the Company intends to explore in such study, and the Companys intention to evaluate various pathways to develop and commercialize crofelemer for inflammatory diarrhea. The words may, will, could, would, should, expect, intend, plan, anticipate, believe, estimate, predict, project, potential, continue, ongoing and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. While the Company believes its plans, intentions and expectations reflected in those forward-looking statements are reasonable, these plans, intentions or expectations may not be achieved. The Companys actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. For information about the factors that could cause such differences, please refer to the Companys Annual Report on Form 10-K for the year ended December 31, 2019, including the information discussed under the captions Item 1 Business, Item 1A. Risk Factors and Item 7 Managements Discussion and Analysis of Financial Condition and Results of Operations, as well as the Companys various other filings with the SEC. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statement.
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