IMU 7.14% 4.5¢ imugene limited

the funding grant of $240 000

  1. 322 Posts.
    IMUGENE LIMITED 2003-06-06 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Imugene and Murdoch University today announced their success in the
    most recent round of ARC Linkage grants. The funding grant of $240
    000 relates to the research project to develop a novel flea vaccine
    for companion animals. The awarding of this grant will have a major
    impact on the progress toward the development and commercialisation
    of the novel flea vaccine.

    Imugene Managing Director, Dr Warwick Lamb commented "This additional
    funding will greatly assist in accelerating the progress of the
    research effort, as part of the funds will be used to appoint
    additional research staff. In addition, we can now also purchase some
    vital equipment that will also reduce the research time required."

    The funding will allow the more rapid evaluation of the 3 lead
    vaccine candidates currently in the final two stages of research.

    "With the global market for flea control products in excess of US$1.5
    billion per annum, increasing funding and staff allocation to
    accelerate this project is a high priority for Imugene," Dr Lamb
    said.

    The vaccine concept is unique in the world flea control market
    because it seeks to kill fleas on dogs or cats using biological
    methods instead of chemicals. The aim of the vaccine is to create an
    immune response in the animal's blood, so that when a flea bites and
    feeds on the blood, it will die.

    For further information, contact:

    Graham Dowland - EXECUTIVE CHAIRMAN Tel: +61 8 9322 9189
    Dr Warwick Lamb - MANAGING DIRECTOR Tel: +61 2 9870 7330
    Dr Colin Hort - COMMERCIAL MANAGER Tel: +61 2 9870 7330
 
watchlist Created with Sketch. Add IMU (ASX) to my watchlist
(20min delay)
Last
4.5¢
Change
0.003(7.14%)
Mkt cap ! $162.6M
Open High Low Value Volume
4.7¢ 4.8¢ 4.3¢ $6.614M 144.0M

Buyers (Bids)

No. Vol. Price($)
6 1411809 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 1198070 4
View Market Depth
Last trade - 16.10pm 15/11/2019 (20 minute delay) ?
(live)
Last
4.4¢
  Change
0.003 ( 10.8 %)
Open High Low Volume
4.6¢ 4.8¢ 4.3¢ 113709014
Last updated 15.59pm 15/11/2019 (live) ?
IMU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.