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PharmAust: Continues research in neglected diseases | Fintech InShorts: Latest fintech news, analysis by experts

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PharmAust: Continues research in neglected diseases

By Steve Sam

December 22, 2020

Clinical oncology company PharmAust (PAA) has secured an extension on its current contract with the Drugs for Neglected Diseases Initiative (DNDI)
The renewed contract through PAA’s subsidiary, Epichem, expected to generate up to $1.2 million in revenue over the 2021 calendar year
Epichem will also continue to provide it synthetic and medicinal chemistry services to DNDI’s treatments for neglected diseases
The contract is a slight decrease on last year’s contract, which anticipated $1.24 million in revenue
This marks PAA’s 13th year in collaboration with the not-for-profit
Shares are off 4.55 percent on the back of the announcement trading at 10.5 cents each

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