04:49 PM EDT, 05/17/2024 (MT Newswires) -- Jaguar Health ( JAGX ) is planning a 1-for-60 reverse stock split next week, the pharmaceutical company said Friday.

The reverse split will takes effect on May 23. Jaguar is seeking to lift its closing share price above Nasdaq's $1 minimum bid and keep its listing.

Jaguar shares were down 47% in after-hours trade.

Price: 0.1362, Change: -0.12, Percent Change: -47.31