Neurizon Receives Additional R&D Tax Incentive Rebate
Released
Released
Announcement PDF
Neurizon Receives Addifional R&D Tax Incenfive Rebate
11 December 2024 – Melbourne, Australia: Neurizon Therapeufics Limited (ASX: NUZ & NUZOA) (“Neurizon”
or “the Company”), a clinical-stage biotech company advancing treatments for neurodegenerafive diseases, is
pleased to announce that the Company has received an addifional rebate of $650,707 under the Federal
Government’s Research and Development (R&D) Tax Incenfive scheme in respect of eligible overseas
expenditure incurred in the 2023/24 financial year, following submission of an Advance Overseas Finding
Applicafion to AusIndustry. This follows the inifial R&D Tax Incenfive Rebate received amounfing to $887,129 for
eligible Australian or local expenditure incurred in the 2023/24 financial year, as announced on 9 October 2024.
Dr. Michael Thurn, Managing Director and Chief Execufive Officer of Neurizon, commented: “We confinue to
appreciate the support that the Federal Government provides for our programs. This addifional R&D Tax
Incenfive Rebate strengthens Neurizon’s cash posifion further and will be primarily applied toward preparafions
for the adapfive Phase 2/3 HEALEY ALS Plafform Trial, GMP grade MPL manufacturing, preclinical models for
other neurodegenerafive diseases, regulatory filings and general working capital.”
-ENDSThis announcement has been authorized for release by the Board of Neurizon Therapeufics Limited.
For further informafion, please contact:
Dr. Michael Thurn
Managing Director and Chief Execufive Officer
Neurizon Therapeufics Limited
enquiries@neurizon.com
+61 (3) 9692 7222
Catherine Strong
Sodali & Co
catherine.strong@sodali.com
+61 (0)406 759 268
About Neurizon Therapeufics Limited
Neurizon Therapeufics Limited (ASX: NUZ) is a clinical-stage biotechnology company dedicated to advancing
treatments for neurodegenerafive 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 effecfive ALS treatments for pafients, while exploring NUZ-001’s potenfial for broader
neurodegenerafive applicafions. Through internafional collaborafions and rigorous clinical programs, Neurizon
is dedicated to creafing new horizons for pafients and families impacted by complex neural disorders.
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Neurizon Therapeufics Limited ABN 35 094 006 023. Level 4, 96-100 Albert Road, South Melbourne VIC 3205
Tel: +61 3 9692 7222, www.neurizon.com
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