PharmAust Receives $546K R&D Rebate from ATO
Released
Released
Announcement PDF
1st February 2016
ASX Release
PHARMAUST RECEIVES $546K R&D REBATE FROM ATO
PharmAust Limited (“PharmAust”) (ASX: PAA) is pleased to advise that the Australian Taxation Office (“ATO”)
has recognised the innovation of the Research and Development being developed by wholly owned subsidiaries,
Epichem Pty Ltd (“Epichem”) and Pitney Pharmaceuticals Pty Limited (“Pitney”).
The Company had previously lodged an application with Innovation Australia following advice from PharmAust’s
consultants that the R&D may qualify for a Research and Development Tax Rebate on its 2015 tax return.
Following approval from the ATO of the Company’s application for a Research and Development rebate, an
amount of $546.034.50 was deemed refundable on PharmAust’s 2015 Tax Return and a cheque for that amount
plus interest has subsequently been received by PharmAust and banked.
About Epichem
Epichem is an Australian company formed in 2003 to provide services in synthetic and medicinal chemistry to the
drug discovery and pharmaceutical industries. With a new state-of-the-art laboratory in Perth, Epichem serves an
international clientele ranging from small operations to large multinational pharmaceutical companies.
About Pitney
Pitney Pharmaceuticals Pty Ltd is an Australian company, which is in the business of developing therapeutic
cancer products. It has exclusive rights to three oncology technology platforms, which are being developed with
an aim to improve the outcomes of patients with inoperable and often terminal cancers.
For further details please contact:
Dr Roger Aston
Executive Chairman
Tel: 0402 762 204
rogeraston@pharmaust.com
Mr Robert Bishop
Executive Director
Tel: 0417 445 180
robertbishop@pharmaust.com
PharmAust Limited ABN 35 094 006 023
Suite 39, 1 Freshwater Parade, Claremont, Western Australia
Tel: 08 6364 0899 Fax: 08 9467 6111
www.pharmaust.com
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