Jaguar Health Appoints European Pharmaceutical Industry Leader as President of Jaguar International

Dr. Massimo Radaelli's core focus will be on further expanding Jaguar's commercial footprint outside the U.S.

Dr. Radaelli was instrumental in facilitating the recent out-license agreement with GEN for crofelemer in Turkey and 8 neighboring countries that entails a $2.0 million investment in Jaguar stock at a premium price

SAN FRANCISCO, CA / ACCESSWIRE / April 2, 2024 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar") today announced that Massimo Radaelli, PhD, has been appointed President of Jaguar International. A European pharmaceutical industry leader and entrepreneur with more than 35 years' experience in the biopharmaceutical sector and innovation in therapies dedicated to rare diseases, Dr. Radaelli is a member of the board of directors of Napo Therapeutics, the Jaguar family company established in Italy in 2021 that focuses on expanding crofelemer access in Europe, and temporarily served as Napo Therapeutics' Interim Executive Director.

"We are thrilled that a highly experienced pharmaceutical industry leader of Massimo's caliber is expanding his role with the Jaguar family of companies as President of Jaguar International," said Lisa Conte, Jaguar's president and CEO. "Additionally, the board of Napo Therapeutics is interested in having Massimo assume and continue in a leadership position at Napo Therapeutics, and formalization of this additional role for Massimo is forthcoming."

"As announced, we signed an agreement last month with Turkish specialty pharmaceutical company GEN to allow GEN to commercialize our FDA-approved prescription drug crofelemer in Turkey and 8 neighboring countries and which entails a $2 million investment by GEN in Jaguar stock at a 75% premium to market," Conte said. "Massimo was instrumental in bringing about this agreement, and we are confident that his vast pharmacological, clinical, business development, and international commercialization experience and expertise will prove invaluable as we continue to refine Jaguar's international business strategy."

Dr. Radaelli's core focus will be to further expand Jaguar's commercial footprint outside the U.S. and increase access to prescription pharmaceuticals for essential supportive care and management of neglected symptoms across multiple complicated disease states - such as cancer, short bowel syndrome (SBS), and microvillus inclusion disease (MVID) - to people in need around the world.