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Immuron Limited ( (AU:IMC) ) just unveiled an announcement.
Immuron Limited has received FDA approval for its Investigational New Drug (IND) application for IMM-529, allowing the company to proceed with a Phase 2 clinical trial targeting Clostridioides difficile infection (CDI). The trial aims to evaluate the safety and efficacy of IMM-529 as an adjunctive therapy with standard care, potentially positioning it as an early treatment option for CDI, a significant healthcare-associated infection. The development of IMM-529 addresses the urgent need for new therapeutics to reduce antibiotic reliance, with projections indicating a potential annual revenue of $400 million if successful.
More about Immuron Limited
Immuron Limited is a biopharmaceutical company focused on the development of oral immunotherapeutics for the treatment of gut-mediated diseases. The company specializes in producing bovine colostrum-derived antibodies to target specific pathogens, with a market focus on addressing antibiotic-resistant infections and gastrointestinal disorders.
Average Trading Volume: 219,089
Technical Sentiment Signal: Sell
Current Market Cap: A$21.28M
For an in-depth examination of IMC stock, go to TipRanks’ Overview page.