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Name | Symbol | Market | Type |
---|---|---|---|
Immuron Ltd | NASDAQ:IMRN | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0477 | -2.00% | 2.339 | 2.19 | 2.40 | 2.40 | 2.26 | 2.39 | 6,312 | 21:00:04 |
The NASH Phase II trial has enrolled 133 patients with the top-line results expected in 4Q2017. The pre-planned analysis was triggered when 80 subjects completed treatment.
The demographics of the population analyzed in the interim analysis were balanced in all three groups (placebo, low dose -600mg- and high dose -1200mg-) including sex, race, age, height, weight, BMIs, HbA1c and baseline hepatic fat fraction (HFF).
Highlights from the interim analysis are as follows:
Based on the results of the interim analysis, IMM-124E has demonstrated to be a non-absorbable, safe and tolerable compound in patients with NASH. Early biochemical improvements in liver enzymes are noted, suggesting potential therapeutic benefit for treatment of NASH. The DSMB recommendation was to continue the trial to completion, as there is no concern for safety or futility.
Dan Peres, Immuron’s Head of Medical commented:
"We are encouraged as both ALT and AST demonstrated strong correlation, suggesting an improvement of liver injury in the IMM-124E treated patients.
We are looking forward to completing the IMM-124E study and reporting the final results with the entire body of data by the end of the year. We believe the additional MOA data we are generating in partnership with Duke University and SanyalBio will further strengthen our prior data to support IMM-124E’s unique mechanism of action which will assist us to design of the next phase in our clinical program.”
Immuron CEO Thomas Liquard, added:
“We are encouraged by the results of this interim-analysis and are pleased by the DSMB’s recommendation to continue the study to completion. NASH is increasingly viewed as a multifactorial disease whereby the approval of several chronic therapies, with different MOAs and used in combination, will be needed to control its long-term effects. These results support our belief that IMM-124E is a compound with a complex MOA that has the potential to have a beneficial impact in hard-to-treat fatty-liver diseases including NASH, ASH and Pediatric NAFLD.”
ABOUT IMMURON:
Immuron Limited (NASDAQ:IMRN) (ASX:IMC), is a biopharmaceutical company focused on developing and commercialising oral immunotherapeutics for the treatment of gut mediated diseases. Immuron has a unique and safe technology platform that enables a shorter development therapeutic cycle. The Company currently markets and sells Travelan® for the prevention of Travellers’ Diarrhea and its lead clinical candidate, IMM-124E, is in Phase 2 clinical trials for NASH, ASH and Pediatric NAFLD. Immuron’s second clinical stage asset, IMM-529, is targeting C. difficile Infections (CDI). These products together with the Company’s other preclinical immunotherapy pipeline products targeting immune-related diseases currently under development, will meet a large unmet need in the global immunotherapy market.
For more information visit: http://www.immuron.com
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.
COMPANY CONTACT: Thomas Liquard Chief Executive Officer AUS Ph: +61 (0)3 9824 5254 thomasliquard@immuron.com AUSTRALIA INVESTORS RELATIONS: Peter Taylor NWR Communications AUS ph: Ph: +61 (0)4 1203 6231 peter@nwrcommunications.com.au US INVESTORS RELATIONS: Jon Cunningham RedChip Companies, Inc. US Ph: +1 (407) 644 4256, (ext. 107) jon@redchip.com US PUBLIC RELATIONS: Eric Fischgrund FischTank - Marketing and PR US Ph: +1 (646) 699 1148 eric@fischtankpr.com
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