They have done at least 20+ of these over the last 12months.
It never moves the share price. I really don't know why Steven bothers. The market is simply not interested.
IMC need to buckle down on sales, while current growth is good its not that impressive given the low base. I am curious to see how successful the new ProIBS product does. From my research the product doesn't look that exciting. The key compound is from aloe vera (AVH200) and the clinical trials they ran for it all failed
https://pubmed.ncbi.nlm.nih.gov/26405698/"Even though the primary endpoint was not met, AVH200® seems to be a promising treatment option for patients with IBS owing to the positive results seen within the secondary endpoints. is study may have been underpowered to detect a clinically meaningful dierence between the treatment groups, and therefore larger randomized, controlled studies are required to conrm these results and to elucidate potential mechanisms explaining its eect."
https://onlinelibrary.wiley.com/doi/abs/10.1111/nmo.13860In a mixed group of IBS patients, Aloe was not superior to control treatment, although it showed potential to reduce IBS symptom severity in subsets of IBS patients which could be predicted by fecal microbiota and metabolite profiles.
The development company Calmino is private so hard to understand the quality or past successes of this company. I remain open minded and will wait to see full year results before deciding to exit at a loss or continue holding.
The next major catalyst is Uniformed Services trial with results expected around Q3/Q4 - this is a very high quality trial and results here should help de-risk the company as it gears up for the Phase 3. Let's be realistic though, Phase 3 then becomes the next major catalyst which would be another 12-36months. We need sexy revenues numbers to entice punters - I still feel the commercialisation effort is sub-par and they need to be doing more to target travel influencers on tik-tok and social media, or partner with someone that has the pedigree to really grow sales.
(20min delay)