Regeneus receives R&D tax incentive refund of $3.7m

Thursday, 25 September 2014

Regeneus Ltd (ASX: RGS) is pleased to announce it has received $3.7m from the Australian Government’s Research and Development Tax Incentive Program for activities conducted during the 2014 financial year. The program is designed to encourage local R&D activities and support industry innovation.

Regeneus will use the funds to progress its product pipeline and anticipates that it will be eligible to receive further reimbursement for funds in its R&D programs during the financial year 2015.