Example: Alchemia Announces Receipt of $6.5m Refund from the R&D...

Example:


Alchemia Announces Receipt of $6.5m Refund from the
R&D Tax Incentive Program



BRISBANE, Australia: 31 December 2014 – Alchemia Limited, (ASX: ACL) a drug discovery and development company, announced today it has received a cash refund of $6.5m under the Australian Government’s R&D Tax Incentive Program.


These funds were received as a result of a successful claim under the Australian R&D Tax Incentive Program for the year ending 30 June 2014. “This refund has ensured the Company has a solid cash position while it continues with its strategic review.” commented Dr. Tracie Ramsdale, Alchemia’s Executive Director.


The Company expects to provide the market with a full update of its strategic review in January 2015.