tiprankstipranks
Trending News
More News >

Immuron Limited Achieves Record Sales with Travelan®

Story Highlights
  • Immuron Limited surpasses AUD$5 million in annual sales, marking its highest ever.
  • Travelan® sales grow 46% globally, driven by strategic marketing and expanded agreements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Immuron Limited ( (AU:IMC) ) has provided an announcement.

Immuron Limited has achieved its highest sales in history, exceeding AUD$5 million in a fiscal year, driven by strong performance in both Australia and North America. The company’s Travelan® product has seen significant growth, with year-to-date sales up 46% globally compared to the previous year. This growth is attributed to strategic marketing efforts, expanded pharmacy agreements in Australia, and successful relaunch efforts in Canada. The company anticipates continued strong sales momentum through upcoming holiday periods, further solidifying its market position.

More about Immuron Limited

Immuron Limited is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of inflammatory mediated and infectious diseases. Its primary product, Travelan®, is an over-the-counter immune supplement designed to target pathogenic bacteria and their toxins in the gastrointestinal tract, helping to reduce the risk of traveler’s diarrhea.

YTD Price Performance: -40.0%

Average Trading Volume: 31,579

Technical Sentiment Signal: Strong Buy

Current Market Cap: €7.62M

For an in-depth examination of IMC stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App