Investing.com â ???? Immuron Ltd ADR (NASDAQ:

IMRN

) Â Shares rose over 43% on Wednesday as it was announced the Department of Defense received A $ 6.2 million ($ 4.45 million) for clinical evaluation of a dosage regimen for Travelan’s military strength.

Immuron received A $ 4.8 million ($ 3.43 million) funding from the Department of Defense for Travelan, while the U.S. Naval Medical Research Center received A $ 1.4 million ($ 1.02 million) in clinical support Development received a million.

Travelan is a diarrhea drug whose funds are being made available to test the effectiveness of a single higher dose in diarrhea caused by enterotoxigenic Escherichia coli

It is planned to have a clinical To conduct a human controlled infection model study in 60 healthy volunteers in the United States.

“This new project expands our clinical development program and represents the first of represent several significant clinical studies that the company expects to conduct with the US military in 2022, ”said Dr. Jerry Kanellos, CEO of Immuron.

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