Magdalena is a joint venture formed by Jaguar Health, Inc. (NASDAQ: JAGX) and Filament Health Corp. (NEO: FH) (OTCQB: FLHLF) in 2023. The company holds an exclusive license to Jaguar's proprietary library of approximately 2,300 highly characterized medicinal plants and 3,500 plant extracts for designated therapeutic indications, including dozens of plants with novel neuropsychiatric treatment potential

Jaguar and Filament formed Magdalena to develop novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder (ADHD) in adults. Boulder, Colorado-based One Small Planet, founded by Will Peterffy, has committed to funding of US $1,000,000. The goal of the collaboration is to extend the botanical drug development capabilities of Jaguar and Filament with a new company focused on the development of pharmaceutical-grade, standardized drug candidates for mental health disorders.

About Jaguar Health

Jaguar Health is a commercial stage pharmaceuticals company focused on developing novel, plant-based, sustainably derived prescription medicines for people and animals with GI distress, including chronic, debilitating diarrhea.

About Filament Health

Filament Health is a clinical-stage natural psychedelic drug development company. Filament believes that safe, standardized, naturally-derived botanical medicines can improve the lives of many, with a mission to see them in the hands of everyone who needs them as soon as possible. Filament's platform of proprietary intellectual property enables the discovery, development, and delivery of natural medicines, including psychedelic medicines, for clinical development. Filament is paving the way with the first-ever natural psychedelic drug candidates.