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Immuron Travelan record sales globally, Australia and USA Sales Highlights: Global FY 2024 AUD$4.9 million up 174% on prior comparative period (pcp) June 2024 Quarter AUD$1.3 million up 253% on pcp and 6% on prior quarte

Key Takeaway: Immuron Limited reported record sales of Travelan for FY 2024, reaching AUD $4.9 million globally, which reflects a significant 174% increase compared to the prior period. Notably, U.S. sales saw a remarkable growth of 74% for the full year, and a staggering 546% for the June 2024 quarter. The Australian market also contributed robustly with a 223% annual increase in sales. The company plans to further enhance brand awareness and distribution to sustain growth moving forward.

Market Sentiment Analysis

POSITIVE FACTORS

  • Record global sales of Travelan reached AUD $4.9 million, a 174% increase.
  • Sales in the USA surged 74% with a remarkable 546% increase in the June 2024 quarter.
  • Strong growth observed in Australian sales, which rose by 223% compared to the previous fiscal year.
  • Significant increase in Canadian sales with a whopping 6637% growth.

Full Press Release Details

Immuron Travelan record sales
globally, Australia and USA
Global FY 2024 AUD$4.9 million up 174% on prior comparative period (pcp)
June 2024 Quarter AUD$1.3 million up 253% on pcp and 6% on prior quarter
Australia FY 2024 AUD$3.7 million up 223% on pcp
June 2024 Quarter AUD$1.0 million up 200% on pcp and 11% on prior quarter
USA FY 2024 Record sales of AUD$1.1 million up 74% on pcp
June 2024 Quarter AUD$0.3 million up 546% on pcp; down 1% on prior quarter
Canada FY2024 AUD$0.1 million up 6637% on pcp
Melbourne, Australia, July 15, 2024: Immuron
Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company is pleased to announce record
sales (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
"We continue to be excited by the strong sales results on Travelan . Immuron's investment to drive awareness
of the Travelan brand has seen continued strong sales results in Australia. We were incredibly pleased to achieve record U.S. sales
in FY24. We hope to achieve strong North American growth in FY25 on the back of planned increased brand investment and distribution."
Sales of Travelan increased 236%
to AUD $3.7 million for the full financial year to June 2024 (FY24) compared to AUD $1.1 million for FY23. Sales of Travelan
increased 209% to AUD $1.0 million for the June 2024 Quarter compared to AUD $0.3 million for the June 2023 Quarter (excludes sales
Consistent with the increase in June 2024 quarter sales, the Australian
Bureau of Statistics reported short term resident returns in April 2024 were 29% higher than April 2023 1.
We achieved a new annual record. The previous
highest annual USA sales was AUD $1.0 million in FY19.
Sales of Travelan increased 74%
to AUD $1.1 million for the full financial year to June 2024 (FY24) compared to AUD $0.6 million for FY23.
Sales of Travelan increased 546%
to AUD $0.3 million in the June 2024 Quarter compared to AUD $0.05 million in the June 2023 Quarter.
Immuron's experience in the USA follows the International Trade
Administration Total U.S. citizen international visitor departures from the United States in April 2024 being 8% higher than in April
This release has been authorised by the directors of Immuron Limited.
Chief Executive Officer
Ph: +61 (0)3 9824 5254
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 highly purified tabletized 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 travelers' 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 Travelers' 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 Travelers'
Diarrhea. In the U.S., Travelan is sold as a dietary supplement for digestive tract protection.
About Travelers' 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. Campylobacter spp. are also responsible for a significant proportion of cases. The more serious infections with Salmonella
spp. the bacillary dysentery organisms belonging to Shigella spp. and Vibrio spp. (the causative agent of cholera) are often confused
with travelers' diarrhea as they may be contracted while travelling and initial symptoms are often indistinguishable.
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
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

Frequently Asked Questions

What were Immuron's total sales for FY 2024?

Immuron's total sales reached AUD$4.9 million for FY 2024, marking a 174% increase.

How did Travelan perform in the USA market for FY 2024?

Travelan achieved record sales of AUD$1.1 million in the USA for FY 2024, up 74%.

What is the purpose of the Travelan supplement?

Travelan aims to reduce the likelihood of travelers' diarrhea caused by pathogenic bacteria.

What are the reported sales for Travelan in Canada for FY 2024?

Travelan reported remarkable sales of AUD$0.1 million in Canada, up 6637% for FY 2024.

How much did Travelan sales increase in the June 2024 Quarter?

Travelan sales rose 200% to AUD$1.0 million in the June 2024 Quarter compared to last year.

Last updated: Jul 15, 2024