Proceeds from the financing will primarily be used by Napo for the commercialization of Mytesi. Mytesi (crofelemer) is the only antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART). Napo introduced Mytesi in the U.S. this past October. Were pleased to have additional funds to build inventory and achieve greater awareness of Mytesi among people living with HIV/AIDS, commented Katie MacFarlane, Senior Vice President of Commercial Development at Napo. Surveys indicate that 1 in 5 people living with HIV experience diarrhea, and there is a growing demographic of those who have lived with HIV for more than a decadea population that may be more at risk for experiencing diarrhea. As previously announced, Napo has signed a non-binding letter of intent (LOI) with Jaguar Animal Health, Inc. (NASDAQ: JAGX) (Jaguar) potentially to merge the two companies. Napo has provided Jaguar with exclusive worldwide rights for veterinary applications to crofelemer and corresponding rights to all related Napo technology. About Mytesi Mytesi (crofelemer) is an antidiarrheal indicated for the symptomatic relief of noninfectious diarrhea in adult patients with HIV/AIDS on antiretroviral therapy (ART).
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