PharmAust Receives ATO Research & Development Rebate
Released
Released
Announcement PDF
24th June 2015
ASX Release
PHARMAUST RECEIVES ATO RESEARCH & DEVELOPMENT REBATE
PharmAust Limited (“PharmAust”) (ASX: PAA & PAAO) 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 2014 tax return.
Following approval from the ATO of the Company’s application for a Research and Development rebate, an
amount of $329,351.25 was deemed refundable on PharmAust’s 2014 Tax Return and a cheque for that amount
plus interest has subsequently been received by PharmAust and banked.
About Epichem
Epichem is headquartered in Perth, with a smaller operation in Melbourne. The company’s wide range of products
and services include: intermediates and reference compounds, drug discovery projects, synthesis of analogue
libraries, the isolation and identification of unknown compounds from complex mixtures, method development and
consulting. Epichem Pty Ltd is a wholly owned subsidiary of ASX listed PharmAust Limited (ASX:PAA).
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. Pitney is a 100% wholly
owned subsidiary of PharmAust Limited.
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 7, 29 The Avenue, Nedlands, Western Australia
Tel: 08 9386 8767 Fax: 08 9389 1464
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