PharmAust: Awarded $881K grant for phase one monepantel trial

  • PharmAust (PAA) has granted $881,085 for a phase one clinical trial of monepantel in patients with Motor Neurone Disease (MND)
  • The Australian clinical-stage oncology company specialises in repurposing drugs and its lead candidate monepantel
  • PharmAust acknowledges FightMND and its donors, in particular the patients, their families and friends and their support network
  • The trial is subject to Institutional Human Research Ethics Committees approval
  • PharmAust will retain all intellectual property arising from the trial
  • Shares have been trading four per cent higher at 13 cents at 12:27 pm AEST
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...