Next Investors logo grey

Clinical studies could provide market moving news for Immuron in 2017


Published 07-APR-2017 15:22 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Immuron Limited (ASX:IMC), a biopharmaceutical group focused on the treatment of gut mediated diseases has advised that the company’s IMM-124E Phase II clinical trial for the treatment of NASH (Non-Alcoholic Steatohepatitis) has successfully randomized its 134th subject, and that recruitment has now officially concluded.

By way of background, IMC is working towards the development and commercialisation of oral immunotherapeutics for the treatment of many gut mediated diseases. The company has a unique and safe technology platform that enables a shorter development therapeutic cycle.

IMC currently markets and sells Travelan® for the prevention of travellers’ diarrhea. However, the blue sky lies in its lead product candidate IMM-124E, which is in Phase 2 clinical trials for NASH and ASH. Management expects these products, together with the Company’s other pre-clinical immunotherapy pipeline products targeting immune-related diseases currently under development, will address a sizeable target market.

Share price experiences substantial rerating in March/April

While no doubt acknowledging the company’s achievements to date, investors appear to have an eye to the future as the company’s share price increased 50% between March and April. Having hit a high of 45 cents earlier this week, it has only retraced slightly, suggesting a significant degree of confidence in the company’s ability to deliver throughout 2017.

Of course it should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

With regard to IMC’s IMM-124E phase II clinical trials for the treatment of NASH, the company had reached the recruitment goal of 120 randomized subjects earlier in the year. However, due to strong demand, the company allowed for subjects already in the screening process to complete screening and randomize into the study if eligible.

Commenting on what lies ahead for the remainder of the year, IMC’s Senior VP Head of Medical, Dr. Dan Peres commented, “The company is now scheduled for an interim analysis to be released towards the beginning of the third quarter of calendar year 2017, followed by topline results by the end of the year”.

Early feedback from global Principal Investigators (PIs) has been encouraging and IMC has already begun to establish a small working group to design the next phase of its clinical study.

Over the past 2 years, the company has made significant progress in strengthening the value of its NASH program, and expects to meet several other milestones by the end of 2017, some of which could significantly strengthen the company’s outlook.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.