RTTNews | Jul 20, 2020 09:04AM EDT

09:04 Monday, July 20, 2020 (RTTNews.com) - Shares of Immuron Ltd. (IMRN) are rallying over 76% in pre-market today, after the company announced that the Naval Medical Research Center or NMRC has received written guidance from the U.S. FDA in relation to the clinical development pathway of a new investigational drug which the company is developing to treat moderate to severe campylobacteriosis and Enterotoxigenic Escherichia coli or ETEC infections.

Highlights:

* Two human phase II clinical trials to be conducted in 2021.* One trial will focus on the ability of the hyperimmune product to protect volunteers against moderate to severe campylobacteriosis.* The second trial will focus on ETEC infections.

The stock has been trading in the range of $1.55 - $28.99 for the past one year, and closed Friday's trade at $6.37, up 22 cents or 3.58%. IMRN is currently trading at $11.25, up $4.88 or 76.61% in the pre-market session.

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