PharmAust’s Epichem produces first batch of chemistry grade hand sanitiser

By Trevor Hoey. Published at Apr 20, 2020, in ASX Biotechs

PharmAust Ltd’s (ASX:PAA) wholly owned subsidiary Epichem has produced its first batch of chemistry grade hand sanitiser, and the group’s chemists are also producing hand sanitiser to support and protect members of the community from COVID-19.

PharmAust is a clinical-stage company developing targeted cancer therapeutics for humans and animals.

The company specialises in repurposing marketed drugs, lowering the risks and costs of development.

PharmAust’s subsidiary Epichem is a successful contract medicinal chemistry company that has been delivering products and services in synthetic and medicinal chemistry to the global drug discovery and pharmaceutical industries in over 40 countries worldwide for more than 16 years.

The subsidiary has newly constructed purpose-built, state-of-the-art laboratories and has world class equipment and expertise in synthetic and medicinal chemistry to support drug discovery projects, and for the cost-effective synthesis of drug analogue libraries and intermediates.

Sanitiser meets World Health Organisation standards

As a WA-based chemistry service provider, management has expressed its proactive stance on stopping the spread of the virus.

The sanitiser has been formulated according to specifications provided by the World Health Organisation.

At this stage, the company is making the product to donate supplies to healthcare and aged care agencies in line with its commitment to corporate social responsibility.

The Breast Cancer Research Centre and MercyCare’s Aged Care, Disability, Family & Community and Early Learning services have already benefitted from the company’s donations and more recipients will follow.

There was also an important development for Epichem in January when the company was awarded an extension to its current contract with Drugs for Neglected Diseases initiative (DNDi) (

The contract will see Epichem continue to provide synthetic and medicinal chemistry expertise to support DNDi’s drug discovery projects aimed at developing new treatments for neglected diseases, until 31 December, 2020.

Monepantel supplied for COVID-19 testing

PharmAust is also having its share of success as regards to drugs working through the clinical trial stage.

Just last Friday the company entered into a Materials Transfer Agreement with the Walter and Eliza Hall Institute (WEHI) of Medical Research in Melbourne to test the effects of monepantel (MPL) on COVID-19 infections.

Read: Could PAA’s lead cancer drug treatment treat COVID-19?

Monepantel (MPL) is PharmAust’s lead drug candidate, being a novel, potent and safe inhibitor of the mTOR pathway – a key driver of cancer.

Its request for COVID-19 related trials prompted a surge of nearly 20% in the company’s share price.

While there are no specific vaccines or treatments for COVID-19, there are many ongoing clinical trials evaluating potential treatments.

Monepantel’s mechanism of action in cancer may also prove to be beneficial in the treatment of certain viral diseases.

PharmAust’s chief scientific officer Dr Richard Mollard said, “The studies will commence shortly and WEHI aims to provide a preliminary data summary in May 2020.”

The company has extensively evaluated monepantel in its anti-cancer programmes in humans and in animal models.

MPL has been evaluated in Phase 1 clinical trials in humans and dogs, demonstrating that it was well tolerated and produced a significant reduction in key prognostic biomarkers.

PharmAust is uniquely positioned to commercialise MPL for treatment of human and veterinary cancers as it advances the drug in Phase 2 clinical trials.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!