Jaguar Health (JAGX) stock has increased by nearly 13% as of 10:15 a.m. EDT in this morning. The company yesterday released its 2020 financial results.
Jaguar said the total Mytesi unit sales volume decreased 7% in the year 2020 over the year 2019 due to the COVID-19 pandemic played a role in this period. But Mytesi's net sales and gross sales grew 64% and 148%, respectively, in 2020 compared to 2019. The increase in product profits is a good thing.
Jaguar Health is a commercial stage pharmaceuticals company. Its main product Mytesi has been approved by the U.S. FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy and the only oral plant-based prescription medicine approved under FDA Botanical Guidance.
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