The fungus has been used as a tradisional medicine in some communities and has been widely studied for its biological activities. Scientific studies have revealed that the extract contains substances which can act as immuno-modulators, which are substances, beta-glucans, that are can influencing the immune response of organisms.
Beta-glucans are built from polysaccharide molecules that contain units linked together mainly by beta -1.3 - glycosidic bonds. Schizophyllan has been isolated from this fungus (http://www.vitaprodukt.com/index.php?load=betag).
Genome sequence has also been done and published in the journal Nature biotechnology. (http://www.nature.com/nbt/journal/v28/n9/full/nbt.1643.html)