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Immuron Ltd — Regulatory Filings 2011
Feb 23, 2011
35121_rns_2011-02-23_6b75851f-2117-46a0-80ab-2da77c308da9.pdf
Regulatory Filings
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ASX Release
24 February 2011
Immuron Limited ABN 80 063 114 045
Australian sales of Travelan[®] expected to increase
Corporate Details:
ASX Code: IMC
Directors
Chairman:
Prof. Colin Chapman Non-Executive Directors: Prof. Roy Robins-Browne Mr Simon Sallka Dr Elane Zelcer
Nycomed Pty Ltd, the Australian distributor of Travelan (our diarrhoea prevention product) has informed Immuron Limited its revenue forecasts for Travelan in the Australian market for 2011 are expected to increase 50 per cent on sales over the 2010 calendar year.
Following a successful launch by Nycomed in 2010, Travelan sales are expected to continue to grow rapidly and exceed 42,000 packs this year, demonstrating the early growth path for Travelan
Immuron and Nycomed are also advancing discussions to expand Travelan’s success into overseas markets.
Chief Executive Officer
Joe Baini
Chief Scientific Officer Dr Grant Rawlin
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Joe Baini Chief Executive Officer
Medical Director Prof. Yaron Ilan
Substantial Shareholder
Hadasit Medical Research 17.96%
For more information please contact:
Joe Baini – Chief Executive Officer Immuron Ltd Tel: +61 3 9018 4880 Email: [email protected]
Emma Power - Media Relations Monsoon Communications Tel: 61 3 9620 3333 or 61 (0)419 149 525
About Immuron Limited
Contact Details:
Immuron Limited Level 1 39 Leveson Street North Melbourne VIC 3051 Australia
Immuron is a biopharmaceutical company focused on oral immunotherapy using dairyderived polyclonal antibody products for humans. Immuron is a uniquely positioned biotechnology company with a versatile technology platform capable of generating a wide range of products with a high safety profile. This high safety profile makes it possible to complete pre-clinical studies relatively quickly and increases the prospect that the clinical development of Immuron’s products will be expedited.
Immuron’s current products and product candidates target infectious diseases of the gastrointestinal tract, chronic diseases such as type II diabetes and fatty liver (NASH), and the prevention of influenza.
Immuron has one product in the market, Travelan, for use in preventing travellers’ diarrhoea. Immuron’s main scientific alliances are with Hadassah Medical Center (Israel) and the Universities of Melbourne and Monash (Australia).
Tel: +61 (0)3 9018 4880 www.immuron.com
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