Navidea Biopharmaceuticals, Inc. Drives Strategy Forward, Shifts Approach for Communications

Navidea Biopharmaceuticals, Inc. (NYSE American: NAVB) (“Navidea” or the “Company”), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced the introduction of a Fix, Fund, Propel approach to driving the Company’s strategy forward; The Company will issue a press release detailing financial highlights and corporate developments in lieu of hosting conference call and webcast for the first quarter ended March 31st, 2023.

Fix, Fund, Propel

G2G Ventures, executive consultants to Navidea, with demonstrated expertise in building infrastructure, rigorous process, and proven growth strategies, is supporting the Company’s strategic planning and change initiatives to drive effective processes, improve liquidity, and create growth. The Company, with G2G’s support, has adopted a Fix, Fund, Propel framework to enact change within the organization.

• Fix refers to actions taken to ensure strong leadership, clear priorities, and well-defined organizational roles. Fix also includes implementing best practices within product development and operational processes, optimizing working capital, and providing clear and consistent reporting. Recent examples include leadership changes, improvements to working capital, and transparent shareholder communications.
• Fund relates to securing short, medium and long term liquidity, preferably through non-dilutive funding options and partnerships, providing the fuel required for the Company to stabilize, expand, and achieve its stated vision. In addition to recently announced financing, the Company continues to explore additional funding opportunities, and will provide additional details as they are available.
• Propel includes actions which create or improve opportunity and revenue growth in targeted markets. In addition to a recent announcement, the Company is exploring partnership opportunities for significant growth.

“Change is underway,” said Dr. Jason Myers, Owner and Founder of G2G Ventures. “We are moving on a path to bring Navidea’s technology and assets to the forefront. Clarifying our approach and continuing to communicate the progress we are making ensures transparency for all stakeholders - allowing our team of experts to remain focused on delivery while keeping shareholders current each step of the way. While we have plenty of work ahead of us, this is a very exciting time for the Company, and the impact will be transformative.”