Researchers at the Baker Heart and Diabetes Institute say they've discovered a way to make pancreatic cells produce insulin using existing cancer drugs.
Got someone in my family with diabetes type I, and we've been hearing about the "magical" solution coming "soon" since she was diagnosed with it, in her childhood, around 30 years ago.
As such I'll keep what I see as a healthy amount of scepticism towards this piece of news.
Like somebody else here said, it isn't because these magics aren't viable. It's just more profitable to fleece sick people with treatments than it is to cure them.
ABC Australia is actually a proper news site (its Government owned). If it came from Murdoch media (which is 90% of Aussie media), I'd be more skeptical, but ABC generally does a respectable job.
That being said, hope for your family member it does work (obviously, science is never 100%)