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IMRN

Immuron

$11.35

(0.00%)

09:32
03/13/18
03/13
09:32
03/13/18
09:32

Immuron says progressing discussions with institutional funds

Immuron Limited wishes to provide its shareholders with an update regarding negotiations currently being held with a large U.S. institutional fund.The company's ASX and NASDAQ securities were placed in a trading halt on Monday whilst negotiations continued with the US institutional fund. Whilst under the trading halt, Immuron has been approached by several other large US institutional funds also willing to enter negotiations with the company surrounding a potential significant investment. With Immuron's interim-CEO Dr Jerry Kanellos commencing the US leg of a planned non-deal roadshow this week, and with the release of the updated corporate presentation which includes additional clinical trial results data this morning, the Board believes it is critical that the company's securities resume trading whilst the Board evaluates all of the alternative investment offers which it has received.

IMRN Immuron
$11.35

(0.00%)

10/18/17
HCWC
10/18/17
INITIATION
Target $15
HCWC
Buy
Immuron initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju started Immuron Limited with a Buy rating and $15 price target. The analyst believes both liver fibrosis and clostridium difficile-related infections are areas of substantial unmet need.
03/09/18
HCWC
03/09/18
NO CHANGE
Target $20
HCWC
Buy
Immuron price target raised to $20 from $15 at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju raised his price target for Immuron to $20 saying the positive top-line data indicate a role for IMM-124E in liver disease. The analyst increased his probability of success for IMM-124E in nonalcoholic steatohepatitis to 20% from 10% and reiterates a Buy rating on Immuron.

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