A) it's extremely time-consuming and difficult to capture the mechanism for how organisms act in the middle of the human body in the middle of their lifecycle when we're not even sure what we're looking for, so it's just not been found yet.
B) it might just be safe and cost-effective enough to give people worms temporarily as a treatment instead for now. (I don't know if this is the case, but if they're doing it for a study, the risk profile can't be that bad...)
C) even if we isolate whatever mechanism they have (and can synthesize it readily), it's still an immune modulator, so all the same caveats for steroid creams might apply at any significant dose.
Sure, but it wouldn't be an infection you could spread to other people. It also wouldn't be an infection that could grow, of its own accord, to undesirable levels within you. That's a huge improvement.
If this became a routine treatment, it seems pretty likely that they'd start being able to survive.
For something to evolve like that you need to re-introduce the mutated strains back to the source.
If there is no re-introduction (which there wouldn't be, because the worms would be bred in an isolated environment and not the sewer system), then there isn't really anything to worry about. There is no selection pressure at the point where breeding and distribution occurs.
I imagine if such a thing did occur, they would just kill the batch they were breeding and start over from a known strain.
(Not a microbiologist, so who knows though)
However when crossing hosts signals can get crossed and they can cause serious health problems like eating your retina, brain, hearts, etc. Be very careful with parasites that aren't evolved for humans.
Necator Americanus was always specialized to infect humans. But it evolved to infect Africans, who brought it to the new world. For blacks, it doesn't pose much of a problem. For whites, it does.
Helminthic therapy is a real thing for people with severe autoimmune issues. There are folks in the US right now walking around with relatively mild hookworm infections and substantially fewer autoimmune symptoms :)
https://www.thisamericanlife.org/404/enemy-camp-2010/act-thr...
That said, Coronado Biosciences ran a pork hookworm clinical trial in the treatment of inflammatory bowel syndrome and it failed. More work needed.
This is just anecdotal (I know someone who did this and says that it worked) -- but please do your own research and consult a healthcare professional!!!
This is huge gross factor, but if it would give me a normal life I could tolerate it.