Yes, the drug which produced birth defects in humans like seal-like limbs(aka phocomelia) during the 1950s and 60s was talk of show at Pharmacology World July/2002.
BUT, and this is the big and best but around, NOT for reuse in humans.
The interest is in finding out how it works and the work is on animals which can handle it like mice and rats. [for the record humans, monkeys
and rabbits are susceptible]
Discussants at the Conf.incl from UMich, USA, and University of Sydney, Australia.
Thalidomide is known to block
the oxidation of certain genes in the limbs of susceptible animals and may emerge as an immunosuppressive agent.
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