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Immuron Ltd — Capital/Financing Update 2010
Jun 10, 2010
35121_rns_2010-06-10_7312b600-8ca7-4b52-90fd-3c8310cad868.pdf
Capital/Financing Update
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ASX Release
11 June 2010
Immuron Ltd ABN 80 063 114 045
Corporate Details:
Melbourne and Sydney 11[th] June, 2010:
Immuron and Nycomed intend to expand negotiations for the ‘Travelan’ product from Australia into other territories.
ASX Code: IMC
Directors
Chairman:
Prof Colin Chapman Non-Executive Directors: Prof. Roy Robins-Browne Mr Simon Sallka Dr Elane Zelcer
Chief Executive Officer
Following the successful license of Immuron’s ‘Travelan’™ product to Nycomed Australia Pty Ltd, the two companies have agreed to expand the current ‘Travelan’™ range in Australia and New Zealand through the development of other formulations which will target the indication of reducing the symptoms of minor gastro-intestinal disorders.
In addition, Nycomed Global have indicated that they wish to negotiate further license agreements for the distribution of Travelan™ to Brazil and Russia together with other selected countries in Europe and Asia.
Dr Grant Rawlin
Major Shareholder About Nycom Hadasit Medical Research 19.56%
ENDS
Contact Details:
Immuron Ltd Level 1 39 Leveson Street North Melbourne VIC 3051 Australia Tel: +61 (0)3 9018 4880 www.immuron.com
About Nycomed
Nycomed is a privately owned pharmaceutical company that provides medicines for hospitals, specialists and general practitioners, as well as over-the-counter medicines in selected markets. Nycomed is one of the top 25 global pharmaceutical companies and 16[th] in rank world-wide for consumer healthcare products with a total net turnover of more than 3.5 billion Euro (AU$6 billion). Nycomed Australia, based in Sydney, has grown quickly over the last 7 years to achieve over AU$100 million turnover and employ 150 staff locally. Nycomed is most active in the areas of gastroenterology, respiratory diseases, pain management and tissue management. A key corporate strategy within Nycomed is to license in new promising products and to work with innovative partners to co-develop their concepts to a profitable conclusion.
About Immuron Limited, Immuron is a biopharmaceutical company focused on oral immunotherapy using dairyderived polyclonal antibody products for humans. Current products target infectious diseases of the gastrointestinal tract eg ‘ Travelan ’ targets travellers’ diarrhoea. More recent projects are targeting immunotherapy to influence chronic diseases such as diabetes type 2 and fatty liver (NASH), and to prevent and treat respiratory infection with influenza. Immuron’s main scientific alliances are with Hadassah Medical Centre (Israel) and University of Melbourne (Australia).
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Dr Grant Rawlin
Chief Executive Officer
For more information please contact:
Company Media Relations Grant Rawlin – CEO Fay Weston – Director Immuron Limited Talk Biotech Tel: 03 9018 4880 Tel: 02 4885 2662 or 0422 206036 E: [email protected] E: [email protected]