R&D Tax Incentive Advance & Overseas Finding Approval
Released
Released
Announcement PDF
Neurizon Therapeutics Limited
ABN 35 094 006 023
www.neurizon.com
Neurizon Secures R&D Tax Incentive Advance & Overseas Finding Approval for
NUZ-001
Highlights:
Neurizon® has been awarded an Advance and Overseas Finding from AusIndustry for eligible overseas R&D
expenditure for NUZ-001 for the 2025, 2026 and 2027 financial years
Covers all NUZ-001 development costs in ALS and other neurodegenerative diseases — spanning pre-clinical,
manufacturing, regulatory, and clinical programs, including the HEALEY ALS Platform Trial
The 43.5% cash rebate for eligible R&D expenditure accelerates timelines, further de-risks the NUZ-001
development program towards approval, and provides a significant source of non-dilutive funding
For FY2025, an estimated total R&D Tax Rebate of AUD$5.6 million is expected to be received in Q4 CY2025
18 September 2025 – Melbourne Australia: Neurizon Therapeutics Limited (ASX: NUZ & NUZOA) ("Neurizon" or "the
Company"), a clinical-stage biotech company dedicated to advancing innovative treatments for neurodegenerative
diseases, is pleased to announce it has been awarded an Advance & Overseas Finding (AOF) from AusIndustry. This
confirms that planned overseas research and development (R&D) expenditure for the 2025, 2026 and 2027 financial
years for NUZ-001 is claimable under the Australian Federal Government’s R&D Tax Incentive Program (R&D Tax
Rebate).
The AOF is binding on the Commissioner of Taxation and AusIndustry1 for the 2025, 2026 and 2027 financial years
and means that in addition to eligible Australian R&D expenditure, planned overseas R&D expenditure is now eligible
for a 43.5% cash rebate2. This includes all pre-clinical, manufacturing, regulatory and clinical development
expenditure for NUZ-001 in ALS and other neurodegenerative diseases, as well as the HEALEY ALS Platform Trial.
The approved AOF supports an expected R&D Tax Rebate of approximately $5.6m for the 2025 financial year. As
previously disclosed to the market, Neurizon has already secured a loan of AUD$1.5m against this refund through
Radium Capital, a specialist R&D financier, and anticipates receiving a net amount of approximately AUD$4.1m
(before interest and fees) in Q4 CY2025.
Chief Financial Officer, Mr Dan O’Connell commented: “This Advance and Overseas Finding is a strong validation of
Neurizon’s development pathway for NUZ-001, our lead candidate in ALS and related neurodegenerative diseases. It directly
supports our ability to execute pivotal clinical trials and enhances investor confidence by providing a substantial, nondilutive funding stream. Importantly, it enables us to accelerate timelines while reducing risk, ensuring we can keep
momentum in bringing NUZ-001 closer to patients who urgently need new treatment options.
For people living with ALS and their families, every step forward counts. This approval represents not only financial strength
for Neurizon but also a meaningful step towards advancing therapies that can potentially make a real difference.”
-ENDSThis announcement has been authorized for release by the Board of Neurizon Therapeutics Limited.
1 The Advance and Overseas Finding is binding on both AusIndustry and the Commissioner in relation to the eligibility of the
activities.
2 The eligibility of foreign R&D expenditure for the R&D Tax In is reliant of the planned and actual activities undertaken by
Neurizon remaining aligned with the activities detailed in the Advance and Overseas Finding application and Neurizon remaining
eligible to receive the R&D Tax Incentive rebate.
Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC 3000 Tel: +61 3 9692 7222
Neurizon Therapeutics Limited
ABN 35 094 006 023
www.neurizon.com
For further information, please contact:
Neurizon Therapeutics
Dr Michael Thurn
CEO & Managing Director
enquiries@neurizon.com
+61 (3) 9692 7222
Neurizon Therapeutics
Lidija Damjanovic
Marketing & Corporate Affairs
lidija@neurizon.com
+61 (0) 425 700 504
Investor Relations
Henry Jordan
Six Degrees Investor Relations
henry.jordan@sdir.com.au
+61 (0) 431 271 538
About Neurizon Therapeutics Limited
Neurizon Therapeutics Limited (ASX: NUZ) is a clinical-stage biotechnology company dedicated to advancing
treatments for neurodegenerative diseases. Neurizon is developing its lead drug candidate, NUZ-001, for the
treatment of ALS, which is the most common form of motor neurone disease. Neurizon’s strategy is to accelerate
access to effective ALS treatments for patients while exploring the potential of NUZ-001 for broader
neurodegenerative applications. Through international collaborations and rigorous clinical programs, Neurizon is
dedicated to creating new horizons for patients and families impacted by complex neural disorders. NUZ-001 is an
investigational product and is not approved for commercial use in any jurisdiction.
Neurizon Investor Hub
We encourage you to utilise our Investor Hub for any enquiries regarding this
announcement or other aspects concerning Neurizon.
This platform offers an opportunity to submit questions, share comments, and view
video summaries of key announcements.
To access Neurizon Investor Hub please scan the QR code or visit
https://investorhub.neurizon.com
Neurizon® is a registered trademark of Neurizon Therapeutics Limited
Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC 3000 Tel: +61 3 9692 7222
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