Anaconda 3 - The Offspring (2008)

Genre: Action | Horror | Thriller
Starring: David Hasselhoff, Crystal Allen, Ryan McCluskey, and Patrick Regis
Tagline: They Can Taste Your Fear

Plot: A mercenary-for-hire accepts a mission from a billionaire to capture a dangerous snake that could possibly help cure a terminal illness.

http://www.imdb.com/title/tt1137996/
http://en.wikipedia.org/wiki/Anaconda_3:_Offspring

Sequals:
Anaconda (1997)
Anacondas - The Hunt For The Blood Orchid (2004)
Anaconda 4 - Trail Of Blood (2009)