Top member reports
Company Report
Last edited 6 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#72
Performance (56m)
10.8% pa
Followed by
7
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#ASX Announcements
Added 6 months ago

PAA have just released the results of their Open Label Extension study and the results are impressive as follows:

OLE Study update reveals impressive Survival Data Highlights:

 Compared to matched controls from the PRO-ACT Historical Database, treatment with monepantel results in a significantly ( 2=9.39, p=0.0022) longer survival of patients with MND/ALS

 Treatment with monepantel significantly reduces the risk of death by 91% (HR=0.087, p=0.0154) compared to PRO-ACT matched controls  Updated analysis of the rate of decline in ALSFRS-R to include the compassionate use program continued to show monepantel reduces the rate of disease progression

 Enrolment on to the Open Label Extension Study is now complete with 10 of the 12 patients from the Phase 1 MEND Study rolling over

 There were 4 patients that either had no change or had a slight improvement in ALSFRSR score while taking monepantel under compassionate use

What this shows is that Monopatel actually does stop the progression of Motor Nuron disease significantly so there may be something close to a cure,

PAA are moving onto the Phase 2/3 study which will determine actually how effective Monopatel is.

#ASX Announcements
Added 6 months ago

PAA have announced on Friday that Dr Michael Thurn has been appointed as MD & CEO, He initially resigned due to disagreements with the BoD but due to shareholder activism the Bod had been replaced and Dr MT has now been reappointed which is excellent news as he was the driving force in PAA over the last 6 months, anyway the announcement basics are as follows:

PharmAust strengthens executive team with the reappointment of Dr Michael Thurn and new CSO

 PharmAust has reappointed Dr Michael Thurn as Managing Director and Chief Executive Officer

 Dr Nicky Wallis has joined PharmAust as Chief Scientific Officer

 Dr Wallis is a neuroscientist who brings over 12 years of global expertise in preclinical and clinical development, and will lead the evaluation of monepantel as a potential treatment for other neurodegenerative diseases

 These appointments are part of a major reset for the Company as it strives to become a global leader in neurodegenerative diseases 

Definitely a buy