Jupiter Neurosciences, Inc. (NASDAQ: JUNS) (“Jupiter” or the
“Company”), a clinical-stage pharmaceutical company developing
JOTROL™, a patented resveratrol-based platform, today issued a
statement regarding recent market volatility and highlighted its
planned Direct-to-Consumer product launch later this year, which is
expected to generate near-term revenues while the Company advances
its clinical trials.
“The recent volatility in our stock appears to
be driven by misconceptions and a lack of understanding about our
business and long-term strategy, but I want to reassure our
investors that there have been no undisclosed material
developments,” said Christer Rosén, Chairman and CEO of Jupiter
Neurosciences. “Our recent announcements, including partnerships
with Zina Biopharmaceuticals and Catalent Pharma Solutions, are
important milestones in advancing JOTROL™ for our planned Phase 2a
study in Parkinson’s disease. With these partnerships in place, we
are making tangible progress in our clinical development and remain
confident in the path ahead.”
Jupiter is advancing a robust clinical pipeline
addressing combined market opportunities exceeding $50 billion. The
Company is focused on significant unmet needs in CNS disorders,
including Alzheimer’s, Parkinson’s, and rare diseases such as
MPS-I, Friedreich’s Ataxia, and MELAS. With multiple Phase 2 trials
scheduled to launch within the next 12 months—leveraging successful
Phase 1 data demonstrating safety—Jupiter is well-positioned for
meaningful clinical advancements.
In addition to its clinical pipeline
development, Jupiter is poised to generate near-term revenue with
the upcoming launch of its direct-to-consumer product line in 2025.
This initiative represents a key step in diversifying the Company’s
business model, providing immediate cash flow while continuing to
advance its pharmaceutical pipeline. Focused on the longevity and
aging market, the Company expects to share more details soon about
two initial products leveraging the unique bioavailability and
therapeutic advantages of JOTROL™, which has demonstrated
significantly enhanced bioavailability compared to traditional
resveratrol formulations.
Rosén also commented on the Company’s financial
strategy: “While we remain open to strategic funding opportunities,
we are committed to avoiding toxic debt and ensuring that we
maintain a sustainable approach to financing our operations. With
$1.76 million in NIH funding secured and an additional $16 million
in grants under review, alongside the $11 million raised in our
December 2024 IPO, we are well-positioned to advance our clinical
and commercial initiatives. Furthermore, our strategic
collaborations with Harvard University, Georgetown University,
MIT’s Picower Institute for Learning & Memory, and the
University of Miami Miller School of Medicine enhance our research
and clinical capabilities, while our efforts to build licensing and
commercialization partnerships in Asia position us for future
global expansion.”
“Despite market fluctuations, our commitment to
executing on our strategy remains unchanged,” said Rosén. “We
believe in the potential of JOTROL™ and our broader pipeline to
address neuroinflammatory diseases and aging-related health
solutions. Our team remains focused on driving progress, creating
value for our investors, and ultimately delivering transformative
treatments for patients.”
As always, Jupiter encourages investors to
review its filings with the SEC and corporate announcements for the
latest company updates.
About Jupiter Neurosciences, Inc.
Jupiter Neurosciences is a clinical-stage
pharmaceutical company focused on treating neuroinflammation, with
a current focus on CNS disorders and rare diseases. The Company’s
platform product, JOTROL™, is an enhanced orally administered
resveratrol formulation designed and intended to deliver
therapeutically relevant, safe levels of resveratrol. The Company’s
pipeline is focused broadly on CNS disorder and includes
indications such as Alzheimer’s Disease, Parkinson’s Disease,
Mucopolysaccharidoses Type I, Friedreich’s Ataxia, and MELAS. More
information may be found on the Company’s
website www.jupiterneurosciences.com.
About JOTROL
Resveratrol is one of the world’s most
extensively researched molecules. Thorough evaluation has shown
that for the compound to be effective, it requires a high C-Max
(~300 ng/ml of resveratrol in plasma), achievable only with doses
exceeding 3 grams using earlier resveratrol products. Poor
bioavailability has been a well-documented issue with resveratrol.
Doses over 2 grams have been associated with severe
gastrointestinal (GI) side effects, which have prevented the
compound from receiving regulatory approval for any indication.
Jupiter Neurosciences (JUNS) conducted a Phase I
study demonstrating that JOTROL achieves over nine times higher
bioavailability compared to resveratrol used in earlier clinical
trials (e.g., Turner et al., MCI/Early Alzheimer’s Disease trial,
and Yui et al., Friedreich’s Ataxia trial). The results of this
Phase I study, which will be cross-referenced in all upcoming
JOTROL trials, were published in the Journal of Alzheimer’s Disease
and AAPS Open in February 2022.
About Zina Biopharmaceuticals, LLC
Zina Biopharmaceuticals, co-founded by Professor
Charbel Moussa, is a specialized consulting company providing
end-to-end trial design and execution solutions as well as
regulatory, scientific and medical advice for biotech and
pharmaceutical companies.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations, including the use of proceeds
from the Offering. Investors can find many (but not all) of these
statements by the use of words such as “approximates,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
other similar expressions. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct. The Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to read the risk factors contained in the
Company’s final prospectus and other reports it files with the SEC
before making any investment decisions regarding the Company’s
securities. The Company undertakes no obligation to update or
revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
Contact:
Dave GentryRedChip Companies, Inc.1-407-644-42561-800-RED-CHIP
(733-2447)JUNS@redchip.com
Jupiter Neurosciences (NASDAQ:JUNS)
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