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Immuron Travelan sales continued strong growth Sales Highlights: Global FYTD Mar 2024 AUD$3.6 million up 154% on (prior comparative period) pcp Mar 2024 Quarter AUD$1.3 million up 51% on pcp and 75% on last quarter Austr

Key Takeaway: Immuron Limited reported strong financial results for its immune supplement, Travelan, with global sales rising to AUD $3.6 million for the fiscal year to March 2024, representing a 154% increase compared to the prior period. The Australian sales also showcased impressive growth, with an increase of 234%, while the U.S. sales began through Walmart.com. Chief Commercial Officer expressed optimism for continued growth, particularly with increased marketing investment focused on peak travel seasons in North America.

Market Sentiment Analysis

POSITIVE FACTORS

  • Record sales of Travelan demonstrate strong market acceptance.
  • Significant growth in Australia, with a 234% increase FYTD.
  • Successful entry into the U.S. market through Walmart.com.

Full Press Release Details

Travelan sales continued strong growth
Global FYTD Mar 2024 AUD$3.6 million up 154% on (prior comparative period) pcp
Mar 2024 Quarter AUD$1.3 million up 51% on pcp and 75% on last quarter
Australia FYTD Mar 2024 AUD$2.8 million up 234% on pcp
Mar 2024 Quarter AUD$0.9 million up 66% on pcp and 99% on last quarter
USA FYTD Mar 2024 AUD$0.8 million up 35% on pcp
Mar 2024 Quarter AUD$0.3 million up 7% on pcp and 18% on last quarter
Sales commenced on Walmart.com
Australia, April 10, 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.
of Travelan increased 250% to AUD $2.7 million FYTD Mar 2024 compared to AUD $0.8 million FYTD Mar 2023. Sales of Travelan
increased 70% to AUD $0.9 million Mar 2024 Quarter compared to AUD $0.5 million Mar 2023 Quarter. Excludes sales of Protectyn .
with the increase in March 2024 quarter sales, the Australian Bureau of Statistics reported short term resident returns in January 2024
were 27% higher than January 2023.1
of Travelan increased 35% to AUD $0.8 million FYTD Mar 2024 compared to AUD $0.6 million FYTD Mar 2023. Sales of Travelan
increased 7% to AUD $0.3 million Mar 2024 Quarter compared to AUD $0.3 million Mar 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 November 2023 being 11% higher than in November 2022.2
have commenced Travelan sales in USA through Walmart.com.
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 hope to
get similar growth of the brand as we increase our investment and distribution in North America during the spring (Mar-May) / summer
(Jun-Aug) vacation peak period."
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.
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.
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.
more information visit: http://www.immuron.com
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.

Frequently Asked Questions

What are the recent sales figures for Travelan?

Travelan recorded AUD $3.6 million in sales by Mar 2024, up 154% year-over-year.

How did Travelan perform in Australia?

In Australia, Travelan sales reached AUD $2.8 million FYTD Mar 2024, a 234% increase.

What is Travelan used for?

Travelan is an over-the-counter immune supplement designed to prevent travelers' diarrhea.

Where is Travelan sold in the USA?

Travelan sales in the USA began through Walmart.com as of March 2024.

What is the primary ingredient in Travelan?

Travelan contains hyper immune bovine antibodies that target pathogenic bacteria.

Last updated: Apr 10, 2024