Seven years ago he offered the world patents to his friend Jim Broadbent, managing director of McFarlane Laboratories.
The company asked the Australian government funded Commonwealth Scientific and Industrial Research Organization (CSIRO) to develop the synthetic compound, which was announced recently in the CSIRO's bulletin in an article headed : "CSIRO synthesis helps industry develop skin treatment from sharks ."
The CSIRO also discovered a product that may reverse liver damage caused by alcohol or drugs .