A new study out of Australia is being touted as a possible breakthrough in treating peanut allergies in children. 

Trace Gallagher reported today (video above) on the new developments on "The Real Story." 

The 18-month trials involved 62 peanut-allergic children. Some were treated with a probiotic and others received a placebo.

More than 80 percent of the children who received the probiotic developed a tolerance to peanut products, compared to just four percent of the placebo recipients.

The Murdoch Children's Research Institute, which conducted the study, said on its website:

Lead researcher, A/Professor Mimi Tang said the study results are extremely exciting as they could potentially provide an effective treatment for food allergy.

"In the study the combined delivery of probiotic and oral immunotherapy was a safe and effective treatment for peanut allergy; however it is important to point out that this treatment must be only be given under close medical supervision as we are giving peanut to children who are allergic to peanut, and children did have allergic reactions. Nevertheless, the likelihood of success was high - if nine children were given probiotic and peanut therapy, seven would benefit."

"It appears that we have been able to modify the allergic response to peanut such that the immune system produces protective responses rather than a harmful response to the peanut protein."

Researchers now plan to follow up with the children to determine how long their tolerance will last. 

They caution that this is not a cure, since some of the children still suffered severe reactions even after getting the probiotics.

Watch the report above.