For the unaware: During a year of scientific clinical trials...

For the unaware:

During a year of scientific clinical trials conducted at the Royal Adelaide Hospital with human patients, PPL-1 (aka MPL, aka monepantel) demonstrated anti-cancer activity by the suppression of key cancer markers p70s6k and p-3e-bp1. PPL-1 also showed a relatively low level of toxicity, an important advantage compared to many existing cancer treatments. See summary of the first phase clinical trial report results conducted at the Royal Adelaide Hospital:

http://www.asx.com.au/asxpdf/20151021/pdf/4327j2yhdcbnnr .pdf

PharmAust has entered into a contract with GenScript for a pre-clinical validation process to refine and thereby accelerate the phase 2 clinical trials of PPL-1.

http://www.asx.com.au/asxpdf/20151126/pdf/4339mlzvmxqchf.pdf
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Who is Professor David Morris?

David Morris, the discoverer of the oncological effects of PPL-1 (aka MPL, aka monepantel) is one of Australia's leading oncological clinicians and oncology research scientists. He is a professor in the faculty of medicine at the University of NSW in the St George and Sutherland Clinical School. He is also the largest shareholder in PharmAust (PAA). For more see:
https://med.unsw.edu.au/people/professor-david-morris

See also the executives on the board of PharmAust:
http://in.reuters.com/finance/stocks/companyOfficers?symbol=PAA.AX

Scientific research on PPL-1/MPL/Monepantel
http://www.asx.com.au/asxpdf/20150306/pdf/42x37p2tl64z55 .pdf