Immuron Says Monthly Sales Of Its OTC Gastrointestinal And Digestive Health Immune Supplement Travelan Increased By 7984% In August 2023 To A$1.18M Compared To A$14,581 A Year Ago
Portfolio Pulse from Benzinga Newsdesk
Immuron reported a 7984% increase in monthly sales of its over-the-counter gastrointestinal and digestive health immune supplement, Travelan, in August 2023, reaching A$1.18M compared to A$14,581 a year ago. This follows the resolution of short term stock outages of Travelan in some wholesalers and pharmacies in the June 2023 quarter.
September 13, 2023 | 10:19 am
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Immuron's significant increase in sales of Travelan could positively impact its stock price in the short term.
The reported 7984% increase in sales of Travelan indicates a strong demand for the product, which could lead to increased revenues for Immuron. This could positively impact the company's stock price in the short term.
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