Immuron North American Travelan® Sales up 494% and Global sales up 431%

Rhea-AI Summary

Immuron Limited (ASX: IMC; NASDAQ: IMRN) reported significant sales growth for FY22. North American sales of Travelan® surged by 494%, reaching AU $0.6M, while global sales rose 431% to AU $0.9M. Sales in the US were particularly strong, increasing from AU $4K in FY21 to AU $0.6M in FY22, driven by sales through Passport Health Travel Clinics and Amazon. In Australia, sales of Travelan® and Protectyn® also grew, totaling AU $0.3M in FY22. Immuron aims to expand its product portfolio while benefiting from the recovering travel sector.

Positive

• North American Travelan® sales increased by 494% to AU $0.6M in FY22.
• Global sales rose by 431% to AU $0.9M for FY22.
• US Travelan® sales significantly increased from AU $4K in FY21 to AU $0.6M in FY22.

Negative

• None.

Highlights:

• North American FY22 Travelan® sales increased by +494% to $0.6M
• Global sales increased by 431% to $0.9M
• Australian FY22 sales increased by 318% to $0.3M
  

MELBOURNE, Australia, July 11, 2022 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company that has developed two commercially available oral immunotherapeutic products for the treatment of gut mediated diseases, is pleased to announce the FY22 sales results of its over-the-counter gastrointestinal and digestive health immune supplement Travelan® and Protectyn®.

North America, Travelan® sales were up by 494%, reaching AU $0.6M in FY22, compared to AU $0.1M in FY21.

Global sales of Travelan® and Protectyn® increased by 431% in the 2022 fiscal year to AU $0.9M, compared to AU $0.2M in FY21.

In the US, Travelan® sales were AU $0.6M for FY22 compared to only AU $4K in FY21. This growth was attributable to increasing sales in both Passport Health Travel Clinics and on the Amazon e- commerce channel. While not at pre-pandemic peak, the sales numbers in the US are starting to considerably pick up again.

In Australia, Travelan® and Protectyn® sales increased to AU $0.3M in FY22 representing a significant increase over FY21 (AU $0.1M). Coming out of the pandemic restrictions imposed by Government and with international travel on the increase we are starting to see positive signs as retail outlets start to restock product once again.

Immuron is focused on growing its portfolio of products and has a strong existing pipeline.

*Unaudited gross revenue

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.

For more information visit: http://www.immuron.com

FAQ

What were Immuron's FY22 sales figures for Travelan® in North America?

North American FY22 sales of Travelan® increased by 494% to AU $0.6M.

How much did Immuron's global sales increase in FY22?

Global sales increased by 431% to AU $0.9M in FY22.

What were the sales figures for Travelan® in the US for FY22?

In FY22, US sales of Travelan® were AU $0.6M, a substantial increase from AU $4K in FY21.

How much did Immuron's sales in Australia grow in FY22?

Immuron's Australian sales of Travelan® and Protectyn® rose to AU $0.3M in FY22, up from AU $0.1M in FY21.