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Immuron achieves record half yearly Travelan® sales
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Rhea-AI Summary
Immuron Limited (ASX: IMC; NASDAQ: IMRN) has reported record half yearly sales of its over-the-counter gastrointestinal and digestive health immune supplement Travelan®, with total sales reaching A$2,355,580 in H1, FY24. This marks a significant increase of $1,771,932 compared to H1, FY23 sales and a 51% increase over pre-pandemic period H1, FY20 sales. Australian sales of Travelan® increased by 132% compared to H1, FY23, while USA sales saw a slight decrease of 6% compared to the pre-pandemic peak period H1, FY20. Despite this, the Amazon launch in the USA is progressing well, with sales already ahead of budget. The company anticipates strong sales growth closer to the peak spring/summer travel period.
Positive
Record half yearly sales of Travelan® at $2,334,969
Total sales of A$2,355,580 in H1, FY24
51% higher than pre-pandemic period H1, FY20 sales
Australian sales of Travelan® increased by 132%
Amazon launch in the USA progressing well
Strong anticipated sales growth closer to peak travel period
Negative
USA sales of Travelan® decreased by 6% compared to the pre-pandemic peak period H1, FY20
Highlights:
Record half yearly Travelan® sales of $2,334,969
Total sales of A$2,355,580 in H1, FY24
$1,771,932 increase on H1, FY23 sales
51% higher than pre-pandemic period H1, FY20 sales
MELBOURNE, Australia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company is pleased to announce record half yearly sales (unaudited net sales) of its over-the-counter gastrointestinal and digestive health immune supplement Travelan®.
Australia
Sales of Travelan® increased to AUD $1,853,048 in H1, FY24, compared to AUD $260,205 in H1, FY23. Sales increased by $1,054,164 (132%) on the pre-pandemic peak period (H1, FY20).
This increase partially reflects 3 months (May, June, July) of backorders accrued while awaiting GMP Clearance from the TGA.
Australian Bureau of Statistics: short term resident returns in October 2023 were 47% higher than October 2022 and approaching pre-pandemic levels (93% of October 2019)1.
USA
Sales of Travelan® increased to AUD $481,920 in H1, FY24, compared to AUD $295,411 in H1, FY23. Sales were lower by $31,633 (-6%) on the pre-pandemic peak period (H1, FY20).
International Trade Administration Total U.S. citizen international visitor departures from the United States in September 2023 were 17% higher than in September 2022. 2
Immuron’s target departure markets 3, July - September 2023 departures were 1% higher than the pre-pandemic period July - September 2019. 2
Immuron previously reported (July 5, 2023) that it had shipped inventory to Amazon for launch in USA. The Amazon launch continues to progress well with sales ahead of budget. We are now entering the low travel season in USA. Immuron anticipates sales to grow strongly closer to the peak spring / summer travel period.
Caribbean, Asia, South America, Central America, Africa, Mexico
This release has been authorised by the directors of Immuron Limited.
COMPANY CONTACT: Steven Lydeamore Chief Executive Officer Ph: +61 (0)3 9824 5254 info@immuron.com
About Immuron Immuron 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.
immuron ltd is a publicly listed australian biopharmaceutical company focused on oral immunotherapy utilizing polyclonal antibody products that target the human gut immune system and gut microbiome. immuron’s technology platform is capable of developing and producing an orally stable therapeutic as a potential ‘oral targeted therapy’ for various immune mediated and inflammatory disorders, among them: non-alcoholic steatohepatitis (nash) diabetes, colitis, arthritis, inflammatory bowel diseases (ibd), irritable bowel syndrome (ibs), liver fibrosis and other chronic disorders in which the immune system plays a key role in thier pathogenesis. these disorders represent areas of growing and unmet medical need, where oral targeted therapy drugs could offer significant advantages due to the lack of absorption and the high safety profile. immuron has one marketed product, which provides proof of concept for its oral immune technology platform, and a pipeline of products at various stages of cl