Immuron Travelan® continued strong sales growth
Rhea-AI Summary
Immuron (ASX: IMC; NASDAQ: IMRN) has reported strong sales growth for its over-the-counter immune supplement Travelan® in the September 2024 Quarter. Global sales reached AUD$1.5 million, up 13% from the previous quarter. In Australia, sales increased by 3% to AUD$1.007 million, while North American sales saw a significant jump of 48% to AUD$0.456 million.
Chief Commercial Officer Flavio Palumbo highlighted the company's achievements, including securing core ranging in nine additional Australian pharmacy banner groups, achieving the strongest monthly sales on amazon.com in the US, and expanding distribution to ten pharmacy/grocery retailers in Canada. These developments have contributed to Immuron's continued growth in both the Australian and North American markets.
Positive
- Global sales increased by 13% to AUD$1.5 million in the September 2024 Quarter
- North American sales grew by 48% to AUD$0.456 million
- Australian sales increased by 3% to AUD$1.007 million
- Secured core ranging in nine additional Australian pharmacy banner groups
- Achieved strongest monthly sales on amazon.com in the US
- Expanded distribution to ten pharmacy/grocery retailers in Canada
Negative
- None.
Insights
The latest sales figures for Immuron's Travelan® product show promising growth, particularly in North America. The global sales of
Key points to consider:
- Australian sales grew modestly by
3% toAUD$1.007 million - North American sales surged by
48% toAUD$0.456 million - Expansion into new pharmacy banner groups in Australia and retailers in Canada
- Strong performance on Amazon.com in the US
This growth trajectory is encouraging for a small-cap company (
Immuron's Travelan® is showing strong market penetration and growth potential. The product's success in multiple markets suggests a robust demand for over-the-counter immune supplements targeting gastrointestinal health. Key observations include:
- Significant growth in North America (
48% increase) indicates successful market entry and expansion strategies - Steady growth in the mature Australian market (
3% increase) suggests sustained consumer interest - Expansion into new retail channels, including pharmacy banner groups and online platforms like Amazon
The company's ability to secure distribution in ten pharmacy/grocery retailers in Canada and achieve its strongest monthly sales on Amazon.com in the US demonstrates effective channel diversification. This multi-pronged approach could help mitigate risks associated with reliance on a single market or distribution channel. The continued growth in a post-pandemic world also suggests that the product's appeal extends beyond travel-related concerns, potentially tapping into broader health and wellness trends.
| Sales Highlights: | ||
| Global | • September 2024 Quarter AUD | |
| Australia | • September 2024 Quarter AUD | |
| North America | • September 2024 Quarter AUD | |
MELBOURNE, Australia, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian based and globally integrated biopharmaceutical company is pleased to announce continued strong sales growth (unaudited) of Travelan®, an over-the-counter immune supplement that targets pathogenic bacteria and the toxins they produce in the gastrointestinal (GI) tract.
Flavio Palumbo, Chief Commercial Officer, said, “As anticipated, we are achieving strong growth in North America with continued growth in Australia. We have secured core ranging in another nine pharmacy banner groups in Australia. We had our strongest monthly sales on amazon.com in the US. We now have distribution in ten pharmacy/grocery retailers in Canada.”
Australia
Sales of Travelan® increased
North America
Sales of Travelan® increased
This release has been authorised by the directors of Immuron Limited.
| COMPANY CONTACT: Steven Lydeamore Chief Executive Officer Ph: +61 (0)3 9824 5254 info@immuron.com |
About Travelan®
Travelan® 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 purified tablet 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 traveler’s 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 Traveler’s 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 Traveler’s Diarrhea. In the U.S., Travelan® is sold as a dietary supplement for digestive tract protection.
About Traveler’s diarrhea
Traveler’s 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.
About Immuron
Immuron 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.
For more information visit: https://www.immuron.com.au
FORWARD-LOOKING STATEMENTS:
This 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/27f63afa-ba04-494c-a2b5-1222b8cff67c
FAQ
What was Immuron's (IMRN) global sales growth for Travelan in the September 2024 Quarter?
How much did Immuron's (IMRN) North American sales increase in the September 2024 Quarter?
What was Immuron's (IMRN) sales performance in Australia for the September 2024 Quarter?
How many new pharmacy banner groups did Immuron (IMRN) secure in Australia?
