Importantly, human cancer cell tests on human cancer cell lines showed it can do so with a reduced tendency to kill off healthy cells compared to traditional cancer-fighting methods.
He said a a canine drug could get through the Phase 3 trials for $2 million to $5 million in three to five years.
The latest trial by researchers from the Olivia Newton-John Cancer Research Institute (ONJCRI) was on cancer cell lines that were representative of human cells PharmAust will treat in upcoming Phase II trials.
The ONJCRI team found that in both humans and dogs, “monepantel is metabolised to monepantel sulfone”. That metabolite, they found, remained in the body for some time.
Importantly, it appeared “to have the same, targeted cytotoxic effect upon cancer cells and the same non-toxic effect upon non-cancer cells as monepantel.”
Result?
“Monepantel and its metabolite are predicted to provide and enduring and specific effect through a ‘double kick’ to cancer cells while minimally affecting normal cells in the body.”
PharmAust shares rose to a three-month high of 0.052 yesterday before dropping back to 0.039 this afternoon.
The result puts PharmAust in the position to fine-tune the drug so that it may be taken “only a few times a week” rather than daily if further testing proves it effective.
share
Link copied to clipboard
SUBSCRIBE
Get the latest Stockhead news delivered free to your inbox.
It's free. Unsubscribe whenever you want.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.
Get the latest Stockhead news delivered free to your inbox
For investors, getting access to the right information is critical.
Stockhead’s daily newsletters make things simple: Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
It’s free. Unsubscribe anytime.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.