Receives R&D Tax Refund
Brisbane, Oct 14, 2016 AEST (ABN Newswire) - Anatara Lifesciences (
ASX:ANR) is pleased to announce that it has received $420,460 from the Australian Tax Office for the Research and Development (R&D) Tax Incentive. This refund is from Anatara's 2014-15 research activities and future refunds will increase significantly. The company is in the process of finalising its 2015-16 tax claim.
Dr Bridges said "the R&D tax rebate is an important source of non-dilutive funding for the company and will provide an ongoing source of valuable funds for the company's R&D initiatives. The refund further strengthens Anatara's Balance Sheet".
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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