IMU 0.00% 47.5¢ imugene limited

key progress

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    21 February 2005 HALF YEARLY REPORT: JULY – DECEMBER 2004 KEY PROGRESS: 1. Lead product – Poultry Productivity Enhancer – Most recent trial determined dosage and timing of administration. The results far exceeded earlier trials: - 13% weight gain improvement over controls (previous best by Imugene 7.5%) - Feed conversion improved by 11.7% - Weight gains 15.8% above industry best practice (Ross Standard) These results surpass all published competitor claims for poultry productivity enhancement. 2. PRRS Vaccine for pigs - successful product development trial demonstrated a high degree of protection against disease. The trial success attracted the interest of several major animal health companies. This vaccine is now progressing through external evaluation for global licensing and sales. 3. Receptor Mimic Technology (RMT) - Pig E. coli preventative & treatment – commercialisation trials continue to determine efficacy, dosage and optimum administration (delivery). Production scale up plans completed. This product prevents and treats pre and post weaning diarrhoea in piglets. 4. Bird Flu Vaccine - following initial pilot trial, a correction of the defect in the initial vaccine batch is nearing completion. Re-trialling to occur. 5. Personnel - Dr Paul MacLeman was appointed Chief Operating Officer in November 2004 and is fully integrated within the Company. The benefit of Paul’s 15 years experience in product commercialisation in the animal health industry is already resulting in positive effects for Imugene. 6. Share Placement - the raising of $5 million via the issue of 20 million new shares and 4 million options (exercise price 50c, expiring 31 January 2007). The placement was made to a number of Australian and international institutions including Portfolio Partners (holding 9.2%) and Queensland Investment Corporation (holding 6.2%)
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