Peanut allergy cure one step closer to pharmacy shelves after A$8m cash boost
A world-first peanut allergy cure is a step closer after a multi-million-dollar cash boost for Australian research in the sector.
Murdoch Childrens Research Institute based in Melbourne has developed a promising treatment that combines a gradual introduction of peanuts with probiotics, to switch off the deadly reaction over many months. The lifesaving treatment has been found to induce tolerance to peanuts in more than 80% of children up to five weeks after finishing treatment.
Capital investment firm OneVentures will invest A$8 million ($6.2 million) in the Probiotic Therapies for Allergy treatment, which will help move the treatment out of the laboratory and into the hands of doctors treating kids with peanut allergies.
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