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Immuron Limited (NASDAQ: IMRN) is a pioneering Australian biopharmaceutical company that specializes in oral immunotherapy. The company focuses on developing and commercializing therapies utilizing polyclonal antibody products that target the human gut immune system and microbiome. Immuron's cutting-edge technology platform is designed to create orally stable therapeutics, offering potential 'oral targeted therapy' for a variety of immune-mediated and inflammatory disorders, including non-alcoholic steatohepatitis (NASH), diabetes, colitis, arthritis, inflammatory bowel diseases (IBD), irritable bowel syndrome (IBS), liver fibrosis, and other chronic conditions influenced by the immune system.
These disorders represent growing areas of unmet medical need, where oral targeted therapy drugs could provide significant benefits due to their high safety profiles and minimal absorption. Immuron has successfully brought one product to market, serving as proof of concept for its oral immune technology platform. Additionally, the company boasts a robust pipeline of products in various stages of clinical development.
One of Immuron's prominent products is IMM-124E, a proprietary immunomodulatory agent aimed at treating gastrointestinal immune-mediated diseases, including fatty liver diseases. The company operates in two primary segments: Research and Development, and Hyperimmune Products.
Recent developments highlight Immuron's progress in the market. The company has reported increased sales of its travel-related product, Travelan®, especially in markets such as the USA and Canada. Notably, sales in the USA have exceeded expectations following the product’s launch on Amazon. The company is also exploring non-dilutive funding opportunities for its Phase 3 clinical trials and has filed a provisional patent application with the U.S. Patent Office to protect its innovative findings.
Immuron's strategy involves continuing to harness its unique oral immunotherapy platform to address significant medical needs, focusing on partnerships and collaborations to enhance its product offerings and market reach.
Immuron Limited (ASX: IMC; NASDAQ: IMRN) has released its Q3 FY23 Investor Presentation, highlighting significant sales growth. For the two weeks ending April 14, 2023, worldwide sales reached A$320,000, representing 37% of the entire Q3 FY23 total of A$875,000. Year-to-date sales for FY23 until April 14 amounted to A$1,779,000, marking a remarkable 233% increase compared to A$534,000 for the same period in FY22. The company is focusing on its oral immunotherapeutic products for gut-mediated diseases. Investors are invited to participate in a webinar hosted by CEO Steven Lydeamore for further insights.
Immuron Limited (ASX: IMC; NASDAQ: IMRN), a biopharmaceutical company based in Australia, announced a business update for the quarter ending 31 March 2023. The update will be presented during a live webcast hosted by CEO Steven Lydeamore on 19 April 2023 at 11:00 AM (AEST). The company is known for its orally administered immunotherapeutic products, particularly Travelan®, which is used to prevent travelers' diarrhea. Travelan® is available in Australia and Canada as a therapeutic product and a licensed natural health product, respectively, and in the U.S. as a dietary supplement. The company is focused on developing targeted polyclonal antibodies for treating inflammatory and infectious diseases.
Immuron Limited (ASX: IMC; NASDAQ: IMRN) reported robust sales results for Q3 FY23, highlighting a significant turnaround in demand for its gastrointestinal products, Travelan® and Protectyn®.
Sales soared to A$1.46 million year-to-date, reflecting a 239% increase from A$430k in the same period last year. In Australia, Q3 FY23 sales reached A$577k, representing 201% of first-half sales. North American sales mirrored this trend, with Q3 reaching A$298k, equating to 100% of first-half sales.
This growth is attributed to a rebound in overseas travel and increasing sales through clinics and distributors, emphasizing the company’s strategy to restock and build inventory. Immuron remains committed to expanding its product portfolio and driving sales growth.
Immuron Limited (ASX: IMC; NASDAQ: IMRN), a biopharmaceutical company based in Australia, invites investors to a live webcast hosted by CEO Steven Lydeamore on February 28, 2023, at 11:00 AM AEDT. Immuron specializes in developing oral immunotherapeutic products for gut-mediated diseases, with its flagship product, Travelan®, approved in Australia and Canada to reduce the risk of Travelers' Diarrhea. In the U.S., it is marketed as a dietary supplement. This event aims to provide insights into the company's product offerings and future plans.
Immuron Limited (ASX: IMC; NASDAQ: IMRN) has submitted a response letter to the US FDA regarding a clinical hold on their oral therapeutic targeting Campylobacter and ETEC. This was in response to FDA feedback from its review of the Investigational New Drug (IND) application submitted on July 26, 2022. A virtual meeting held on December 2, 2022, with the FDA, Naval Medical Research Center (NMRC), and Johns Hopkins University discussed the hold and how to address safety concerns. The FDA is expected to provide feedback on the submitted information package within 30 days.
Immuron Limited (ASX: IMC; NASDAQ: IMRN) has enrolled its first participants in the USU Travelan Clinical Trial Field Study, successfully randomizing 157 participants out of a target of 1302 volunteers. This clinical trial, conducted by USU's Infectious Diseases Clinical Research Program in partnership with the UK Ministry of Defense and the New York City Travel Clinic, aims to evaluate the efficacy of Travelan against Travelers’ Diarrhea. The study, designed to assess passive immunotherapy, is set to complete enrollment in roughly 18 months. Travelers' diarrhea poses significant health risks, especially for military personnel, highlighting the need for effective preventative strategies.
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