Filament Health and Jaguar Health Joint Venture Magdalena Biosciences Completes Import of Coca Leaf From Peru

The import to Filament’s Metro Vancouver facility was conducted in collaboration with the Peruvian government and facilitated by Filament Health and Jaguar Health

Filament Health Corp. (OTCQB: FLHLF) (NEO: FH) (FSE: 7QS) (“Filament” or “Filament Health”), a clinical-stage natural psychedelic drug development company, today announced that Magdalena Biosciences (“Magdalena”), a joint venture formed by Filament and Jaguar Health, Inc. (Nasdaq: JAGX) (“Jaguar Health”), successfully completed an import of coca leaf to Filament’s Metro Vancouver research and development facility. The import of coca leaf was authorized by the Peruvian Health Authority, Dirección General de Medicamentos Insumos y Drogas (DIGEMID), and acquired from the Empresa Nacional de la Coca (ENACO), which is the only company in Peru authorized to collect, distribute and export coca leaf and their derived products. The imported leaves were received by Psilo Scientific, a wholly-owned subsidiary of Filament Health, and will be used for initial research purposes to look at neuropsychiatric indications.

Magdalena and Filament Health are in the process of seeking full Nagoya Protocol compliance at this time in Peru. The Nagoya Protocol is an international agreement that aims to ensure the fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge held by indigenous and local communities.

“We are pleased to partner with Filament Health and Magdalena to facilitate this landmark import,” said Silveria Dongo Gonzales, Technical Director of ENACO. 

“We appreciate Filament and Magdalena’s efforts to ensure that they have fully followed all of the requirements of ENACO, and that they are working through the process to obtain full compliance with the Nagoya Protocol in Peru,” said Richard Caballero, Director of Industrial Commercialization at ENACO.

Magdalena was founded on a mission to develop novel, natural prescription medicines derived from plants for mental health indications including attention-deficit/hyperactivity disorder (ADHD) in adults. The coca leaf imported from Peru will be used for initial research purposes to look at these and other neuropsychiatric indications.

“This import is a significant achievement which validates the work of our regulatory team and affirms our ability to develop productive relationships with government agencies globally. We are grateful to the Peruvian government for its cooperation, and to Steven King, PhD, Chief Sustainable Supply Officer at Jaguar Health, who facilitated the relationship with DIGEMID and ENACO on behalf of Filament and Magdalena. We look forward to continued collaboration with Magdalena and Jaguar to pioneer this valuable research.”

-Benjamin Lightburn, Chief Executive Officer of Filament Health and Magdalena Board Member

ABOUT MAGDALENA BIOSCIENCES

Jaguar Health, Inc. and Filament Health Corp. formed Magdalena Biosciences, Inc. as a joint venture in 2023 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 in order to develop pharmaceutical-grade, standardized drug candidates for mental health disorders.

ABOUT FILAMENT HEALTH (OTCQB:FLHLF) (NEO:FH) (FSE:7QS)

Filament Health is a clinical-stage natural psychedelic drug development company. We believe that safe, standardized, naturally-derived psychedelic medicines can improve the lives of many, and our mission is 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 psychedelic medicines. We are paving the way with what we believe to be the first-ever natural psychedelic drug candidates.