Immuron Limited Issues Correction to Misleading Halt Announcement Headline

MELBOURNE, Australia, March 07, 2018 (GLOBE NEWSWIRE) — Immuron Limited (ASX:IMC) (NASDAQ:IMRN) (the “Company”) wishes to correct a misleading halt announcement released over the wire yesterday.

The misleading statement  was headed Immuron Ltd. ADR (IMRN) Halted due to regulatory concern.

As released in an announcement by Immuron this morning, the Company requested that its ASX and NASDAQ securities be placed into a trading halt due to the pending “Release of its Phase II NASH Clinical Trial Results”.

Upon investigation, it appears that NASDAQ assigned an inaccurate Trading Halt Reason Code of “H11 Halt Regulatory Concern”. The NASDAQ Reason Code should have been “T1 Halt – News Pending – Trading is halted pending the release of material news” which has led to the false and misleading newswire statements being broadcast.

Immuron, its Board, and Management is not aware, nor has it received, any correspondence in relation to any regulatory issues at this time. Immuron is concerned about the inaccurate news being reported to the market and by this statement makes an immediate correction.

For and on behalf of the Company;

Kind Regards;

Peter Vaughan
Company Secretary

About Immuron:
Immuron Limited (ASX:IMC) (NASDAQ:IMRN), is an Australian microbiome biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of inflammatory mediated and infectious 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 II clinical trials for Non-Alcoholic Steatohepatitis (NASH), Severe Alcoholic Hepatitis (SAH) and Pediatric Nonalcoholic Fatty Liver Disease (NAFLD).  Immuron’s second clinical stage asset, IMM-529, is targeting Clostridium 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.

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