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Immuron Receives AUD $306,154 R&D Tax Concession Refund

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Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian biopharmaceutical firm, has successfully claimed a cash refund of AUD $306,154 under the Australian Government’s Research and Development Income Tax Concession program. This refund pertains to eligible research and development expenses from the 2021 Financial Year. The company is committed to developing oral immunotherapeutics for gut-mediated pathogens.

Positive
  • Received AUD $306,154 refund under the Australian Government's tax incentive for R&D expenses.
Negative
  • None.

MELBOURNE, Australia, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Immuron Limited (ASX: IMC; NASDAQ: IMRN), an Australian biopharmaceutical company focused on developing and commercializing oral immunotherapeutics for the prevention and treatment of gut mediated pathogens, is pleased to announce that under the Australian Government’s Research and Development Income Tax Concession incentive program, the Company has received a cash refund of AUD $306,154 for eligible research and development expenditure incurred during the 2021 Financial Year.

This release has been authorized by the directors of Immuron Limited.

COMPANY CONTACT:

Dr Jerry Kanellos, Ph.D.
Chief Executive Officer
Ph: +61 (0)3 9824 5254
info@immuron.com
US INVESTOR CONTACT

Dave Gentry, CEO
RedChip Companies Inc.
+1-407-491-4498
dave@redchip.com
 

About Immuron
Immuron Limited (ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of infectious diseases.

For more information visit: http://www.immuron.com


FAQ

What is the recent cash refund received by Immuron Limited (IMRN)?

Immuron Limited received a cash refund of AUD $306,154 under the Australian Government's R&D Income Tax Concession program for the 2021 Financial Year.

How much did Immuron Limited receive under the R&D tax incentive?

Immuron Limited received AUD $306,154 as a cash refund.

What is the focus of Immuron Limited's business?

Immuron Limited focuses on developing and commercializing oral immunotherapeutics for the treatment of gut mediated pathogens.

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