Benzinga | Jan 21, 2021 08:33AM EST

Jaguar Health And Sponsor of Proposed Post Pandemic Recovery Equity SPAC To Host Webcast Wednesday, January 27th At 8:30 AM Eastern Time To Provide Updates Regarding Potential Merger Of Napo EU, The Company's Anticipated Subsidiary in Italy

* Webcast registration link appears below

* Andreea Porcelli, CEO of Swiss Growth Forum, will be a co-presenter on the webcast in her separate capacity as a sponsor of the proposed SPAC

SAN FRANCISCO, CA / ACCESSWIRE / January 21, 2021 / Jaguar Health, Inc. (NASDAQ:JAGX) ("Jaguar" or the "Company") announced today that the Company and a sponsor of the proposed Post Pandemic Recovery Equity special purpose acquisition company ("the SPAC") are hosting a webcast on Wednesday, January 27, 2021 at 8:30 AM Eastern Time to provide updates regarding the potential merger of Napo EU, an anticipated subsidiary of the Company in Italy, with the SPAC. Andreea Porcelli, in her capacity as a sponsor of the SPAC, will be a co-presenter on the webcast along with Lisa Conte, Jaguar's founder, president, and CEO. Porcelli is also the CEO of Swiss Growth Forum.

Participation Instructions for Investor Webcast

When: Wednesday, January 27, 2021 at 8:30 a.m. Eastern Time

Participant Registration & Access Link: Click Here

As previously announced, the Company is exploring the possibility of obtaining conditional marketing authorization in Europe for the proposed indication of prophylaxis and/or symptomatic relief of inflammatory diarrhea, initially to be studied in a "long-hauler" COVID-19 recovery patient population in Europe (the "COVID-related indication").

"The virus is moving with urgency, and so are we at Jaguar and Napo Pharmaceuticals, Inc. ("Napo"), Jaguar's wholly owned, U.S.-based subsidiary," stated Lisa Conte, Jaguar's founder, president, and CEO. "With the appearance of more transmissible mutated strains of COVID-19, the potential population of post-COVID-19 recovery patients suffering from gastrointestinal distress associated with long-hauler syndrome may expand significantly."

"AIM Italia has been chosen as the potential exchange on which to list the SPAC because the Professional Segment of AIM Italia, which is addressed to professional investors, allows SPACs to publicly state the name of their target companies at the time of listing. Napo EU and the Post Pandemic Recovery Equity SPAC are pursuing a 'Direct Business Combination', which is allowed on the Professional Segment of AIM Italia, hence making the listing of the proposed SPAC and merger concurrent," Porcelli stated.

The terms "long-hauler" and "chronic COVID" refer to COVID-19 survivors who suffer with symptoms which may include gastrointestinal distress (i.e., diarrhea, constipation, nausea, pain), fatigue, brain fog, forgetfulness, cardiovascular effects, and arthritis, for an extended period after recovery. It is theorized that these symptoms may result when the immune system in COVID-19 survivors continues to overreact even though the infection has passed.

Mytesi (crofelemer delayed release tablets), the only oral plant-based prescription medicine approved under U.S. Food and Drug Administration (FDA) Botanical Guidance, 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. Mytesi is a non-opiate chloride ion channel modulating antidiarrheal medicine that is approved in the U.S. by the FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy.