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

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

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  • 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
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