Business
Jaguar Health Announces Establishment of Board of Directors for Newly Formed Joint Venture Magdalena Biosciences
Magdalena Biosciences is focused on developing novel, natural prescription medicines derived from plants for mental health indications including
About this update from Jaguar Health, Inc.
[{"type":"text","content":"Magdalena Biosciences is focused on developing novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder (ADHD) in adultsSAN FRANCISCO, CA / ACCESSWIRE / January 23, 2023 / Jaguar Health, Inc. (NASDAQ:JAGX) today announced that the board of directors has been established for Magdalena Biosciences, Inc., the joint venture recently formed by Jaguar and Filament Health Corp. (NEO:FH, OTCQB:FLHLF) to develop novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder (ADHD) in adults. Magdalena board members include Jaguar Founder, President, and Chief Executive Officer Lisa Conte, Filament Co-Founder and Chief Executive Officer Benjamin Lightburn, and Jack Wielebinski, Fund Operating Officer, One Small Planet, LLC. Jaguar today also announced that Dr. Karen Brunke, Jaguar's EVP of Corporate and Business Development, has been appointed acting Chief Executive Officer of Magdalena.\"I am very happy to be serving as Magdalena Biosciences' acting CEO. Having founded and led a neuroscience company, and having spent more than 35 years in scientific, operational, clinical, and business development management, senior executive, and BOD roles in both large and small biotechnology companies, I am passionate about developing novel prescription medicines for significant unmet mental health disorders,\" said Dr. Brunke. \"I am equally thrilled that Magdalena has the support of such an experienced board that shares my passion for the company's mission.\"About the Board of Directors and Management of Magdalena Biosciences:Lisa Conte is the founder, president, and chief executive officer, and a member of the board of directors, of Jaguar. Mytesi®, the company's FDA-approved drug product indicated for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy, is a first-in-class, plant-based anti-secretory agent and the first oral drug approved under FDA Botanical Guidance. In July 2017, two companies founded by Ms. Conte - Napo Pharmaceuticals, a human-focused pharmaceuticals company, and Jaguar Animal Health, the veterinary-focused licensor of all of Napo Pharmaceuticals' technology - merged and now comprise Jaguar Health. In 1989, Ms. Conte also fou...