R&D Tax Incentive Received
Melbourne, Feb 3, 2021 AEST (ABN Newswire) - Anatara Lifesciences (
ASX:ANR) is pleased to announce that it has received $888,049 from the Australian Taxation Office under the Federal Government's Research and Development (R&D) tax incentive scheme. Anatara, as of today, has $4.38 million in cash plus term deposits including $2.38 million in cash and $2 million in a term deposit.
This refund is from Anatara's 2019-2020 research activities and reflects a period of significant investment in the Company's Gastrointestinal ReProgramming (GaRP) complementary medicine which aims to:
(1) address dysbiosis of the microbiome;
(2) reduce gut inflammation; and
(3) promote mucosal healing.
Anatara's CEO, Mr. Steven Lydeamore said, "The R&D tax incentive scheme provides an important source of funding through prudent management and enables the Company to progress the development and commercialisation of our GaRP product."
Anatara will continue to execute its human health development plans and commercialisation of both GaRP and Detach(R). Looking ahead, key company milestones anticipated:
Milestones
GaRP human clinical study in IBS - Commencement: early 2021
BONIFF-SMEC piglet challenge study for enterotoxigenic Escheria coli - Completion: mid 2021
GaRP licence/commercialisation deal(s) - Completion: H1, 2021
About Anatara Lifesciences Limited
Anatara Lifesciences Limited (ASX:ANR) is developing and commercialising innovative, evidence-based products for gastrointestinal health where there is significant unmet need. Anatara is a life sciences company with expertise in developing productsfor human and animal health. Anatara is focused on building a pipeline of human gastrointestinal health products. Underlying this product development program is our commitment to delivering real outcomes for patients and strong value for our shareholders.
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