Full Press Release Details
FY19 1st Half Update
and Geographic Expansion into North America
Australia, January 29, 2019: Immuron Limited (ASX: IMC; NASDQ: IMRN), an Australian biopharmaceutical company focused on developing
and commercializing oral immunotherapeutics for the treatment of gut mediated diseases, today announced sales results for its
commercially available, over-the-counter gastrointestinal and digestive health supplement Travelan for the fiscal
year first half, ending on December 31, 2018 (i.e., first half of FY19).
experienced steady gross sales growth in both Australian and U.S. markets throughout the first half of 2019, with global unaudited
sales reaching AU$1.083 million during the 6-month period. In the US, Travelan sales grew by 10% to AU$369,000
in FY19 1H, as the brand continued to prosper via USA's largest travel medicine provider, Passport Health. Growth
of online sales on Amazon USA also contributed to this increase following a successful promotional campaign in December.
Australia, Immuron sales reached AU$714,000 for 1H FY2019, with a 6% YoY growth rate. Travelan continues to experience
strong sales within Australia's pharmacy network. A concerted marketing push to educate general practitioner's and consumers about Travelan
continues into 2H FY2019, including a program to improve the brand's online footprint through a new global website
and increased collaborations with the travel blogger community.
Company is also pleased to announce that Health Canada has approved the product licence for Travelan , paving the
way to re-launch the product within Canada in April 2019. ANB Canada will manage the distribution and marketing of Travelan
within the Retail Pharmacy sector, whilst Passport Health will sell the product through its Canadian Travel Medicine Clinic
network. Immuron Canada Ltd was incorporated under the Canadian Business Corporations Act in April 2018. The associated Natural
Product Number for Travelan was officially transferred from former distributor Paladin Labs to Immuron Canada
Limited in June 2018. A Distribution and Sales Agreement was executed with ANB Canada Inc in October 2018.
are pleased to see continued global sales growth for our flagship product Travelan ," said Dr. Gary S. Jacob,
CEO of Immuron. "We fully expect to see this trend intensify as we focus on growing the Company's global footprint
within North America in the coming years."
Limited (ASX: IMC, NASDAQ: IMRN), is an Australian microbiome biopharmaceutical company focused on developing and commercializing
orally delivered targeted polyclonal antibodies for the treatment of inflammatory mediated and infectious diseases. Immuron has
a unique and safe technology platform that enables a shorter development therapeutic cycle. The Company currently markets Travelan
in Australia for the prevention of Travelers' Diarrhea, and markets Travelan in the U.S. and Canada
as a dietary supplement for digestive tract protection. Immuron's lead clinical candidate, IMM-124E, recently completed
a Phase II clinical trial in patients with Non-Alcoholic Steatohepatitis (NASH), and is presently in Phase II trials in
Severe Alcoholic Hepatitis (SAH) and Pediatric Nonalcoholic Fatty Liver Disease (NAFLD). Immuron's second
clinical-stage asset, IMM-529, targets Clostridium difficile Infections (CDI), and is presently in a clinical trial
in CDI patients. These products together with the Company's other preclinical immunotherapy pipeline products targeting
immune-related diseases currently under development are anticipated to meet pressing needs in the global immunotherapy market.
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.