BUZZ-Australia's Immuron rises on positive results for Travelan Phase 2 study

Reuters
14 Jan

** Shares of Immuron rise as much as 16.3% to A$0.10, set for their strongest session since April 10, 2024, if gains hold

** The biopharmaceutical co hits highest level since early October

** Co submits clinical study report for its recently completed Phase 2 study of Travelan to the U.S. FDA

** Travelan is one of co's flagship products aimed at reducing the likelihood of contracting traveler's diarrhoea

** Study implies that Travelan aids the reduction of pathological diarrhoea-causing bacteria over time

** About 1.8 mln shares change hands, 28.6 times compared with the 30-day average volume of 63,415 shares

** Stock rose 2.6% in 2024

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@ThomsonReuters.com))

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