Immuron Travelan® continued strong sales growth
15 October 2024 - 9:00PM
Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and
globally integrated biopharmaceutical company is pleased to
announce continued strong sales growth (unaudited) of Travelan®, an
over-the-counter immune supplement that targets pathogenic bacteria
and the toxins they produce in the gastrointestinal (GI) tract.
Flavio Palumbo, Chief Commercial Officer, said,
“As anticipated, we are achieving strong growth in North America
with continued growth in Australia. We have secured core ranging in
another nine pharmacy banner groups in Australia. We had our
strongest monthly sales on amazon.com in the US. We now have
distribution in ten pharmacy/grocery retailers in Canada.”
AustraliaSales of Travelan®
increased 3% to AUD $1.007 million during September 2024 Quarter
compared to AUD $0.983 million for June 2024 Quarter.
North AmericaSales of Travelan®
increased 48% to AUD $0.456 million in the September 2024 Quarter
compared to AUD $0.309 million in the June 2024 Quarter.
This release has been authorised by the directors of Immuron
Limited.
COMPANY
CONTACT:Steven
LydeamoreChief Executive OfficerPh: +61 (0)3 9824
5254info@immuron.com |
|
About Travelan®Travelan® is an
orally administered passive immunotherapy that prophylactically
reduces the likelihood of contracting travelers’ diarrhea, a
digestive tract disorder that is commonly caused by pathogenic
bacteria and the toxins they produce. Travelan® is a purified
tablet preparation of hyper-immune bovine antibodies and other
factors, which when taken with meals bind to diarrhea-causing
bacteria and prevent colonization and the pathology associated with
traveler’s diarrhea. In Australia, Travelan® is a listed medicine
on the Australian Register for Therapeutic Goods (AUST L 106709)
and is indicated to reduce the risk of Traveler’s Diarrhea, reduce
the risk of minor gastro-intestinal disorders and is antimicrobial.
In Canada, Travelan® is a licensed natural health product (NPN
80046016) and is indicated to reduce the risk of Traveler’s
Diarrhea. In the U.S., Travelan® is sold as a dietary supplement
for digestive tract protection.
About Traveler’s
diarrheaTraveler’s Diarrhea is a gastrointestinal
infection with symptoms that include loose, watery (and
occasionally bloody) stools, abdominal cramping, bloating, and
fever, Enteropathogenic bacteria are responsible for most cases,
with enterotoxigenic Escherichia coli (ETEC) playing a dominant
causative role.
About ImmuronImmuron Limited
(ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical
company focused on developing and commercializing orally delivered
targeted polyclonal antibodies for the treatment of inflammatory
mediated and infectious diseases.
For more information visit:
https://www.immuron.com.au
FORWARD-LOOKING STATEMENTS:
This press release may contain “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
each as amended. Such statements include, but are not limited to,
any statements relating to our growth strategy and product
development programs and any other statements that are not
historical facts. Forward-looking statements are based on
management’s current expectations and are subject to risks and
uncertainties that could negatively affect our business, operating
results, financial condition and stock value. Factors that could
cause actual results to differ materially from those currently
anticipated include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of research and development activities; risks relating to
the timing of starting and completing clinical trials;
uncertainties relating to preclinical and clinical testing; our
dependence on third-party suppliers; our ability to attract,
integrate and retain key personnel; the early stage of products
under development; our need for substantial additional funds;
government regulation; patent and intellectual property matters;
competition; as well as other risks described in our SEC filings.
We expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in our expectations or any
changes in events, conditions or circumstances on which any such
statement is based, except as required by law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/27f63afa-ba04-494c-a2b5-1222b8cff67c
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