on Jaguar Health (NASDAQ:JAGX)
Jaguar Health Reports Second Quarter 2024 Financial Results
Jaguar Health, Inc. revealed a combined net revenue of approximately $2.72 million in Q2 2024. This represents a 16% increase from Q1 2024's $2.35 million and a 2% increase from Q2 2023's $2.67 million.
The company is set to begin the commercial launch of Gelclair® in October 2024 and will complete analysis of phase 3 trial data for crofelemer, aimed at prophylaxis of cancer therapy-related diarrhea (CTD). An import permit for crofelemer has been granted for a pediatric trial in Abu Dhabi for MVID and SBS with intestinal failure.
Financial highlights include a 1% rise in net revenue for Mytesi, decreasing losses from operations by $0.9 million, and a 13% reduction in operational costs. Jaguar's net loss attributable to common shareholders decreased from $12.1 million in Q2 2023 to $9.5 million in Q2 2024.
R. P.
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