Emyria receives $1,162,000 R&D Tax Incentive Refund
Released
Released
Announcement PDF
ASX Announcement
24 Nov 2021
Emyria receives $1,162,134 R&D tax incentive refund
Highlights:
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Emyria has received a R&D Tax incentive refund of $1,161,134
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Funds are in addition to the $5m, now received, from Tattarang’s strategic investment
announced on Monday, November 22nd, 2021
●
Emyria is in a strong cash position to accelerate the development of its cannabinoid,
MDMA-assisted therapy and MDMA-analogue programs
Emyria Limited (ASX: EMD) (Emyria or the Company), a data-backed drug development and
care delivery company, is pleased to announce that it has received a Research and
Development (R&D) Tax Incentive refund of $1,162,134 for the financial year 2020/2021.
Emyria Managing Director Dr Michael Winlo said: “Combined with the recent strategic
investment from Tattarang, this R&D tax incentive refund strengthens Emyria’s capital
position and enables us to accelerate our drug registration programs. We look forward to
providing further updates to the market in due course”
The R&D Tax Incentive is an Australian Government program to support Australian
companies to undertake R&D activities in Australia, under which eligible companies can
receive cash rebates of up to 43.5% of eligible expenditure on R&D activities.
The Company also wishes to advise that the strategic Placement with Tattarang has now
settled and the Shares will be issued today in accordance with the agreement.
This announcement has been approved and authorised for release by the Board of Emyria
Limited.
For further information on Emyria, please contact:
Dr. Michael Winlo
Managing Director
1300 436 363
mwinlo@emyria.com
Lexi O’Halloran
Media/Investor Relations
+ 61 (0) 404 577 076
Andrew Williams
Media Relations
+61 (0) 412 614 125
lexi@janemorganmanagement.com.au andreww@profilemedia.com.au
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About Emyria (www.emyria.com)
Emyria Limited is a data-backed clinical drug development and care delivery company
focused on accelerating treatment development and improving patient care.
Emyria’s Treatments target unmet needs and are focused on obtaining approval from
major global regulators. Emyria’s drug development programs are informed by insights
generated from extensive analysis of Emyria Data - deep, ethically-sourced clinical
evidence that is gathered with patients across Emyria’s independent clinical services
(Emerald Clinics - www.emeraldclinics.com.au)
Emyria Data provides deep treatment insights and is therefore a source of unique IP,
strategically designed drug development and personalised care programs.
Cautionary Note on Forward-Looking Statements
Any statements in this press release about future expectations, plans and prospects for
the Company, the company’s strategy, future operations, and other statements containing
the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,”
“project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar
expressions, constitute forward-looking statements. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various important
factors, including: the Company’s ability to successfully develop its product candidates
and timely complete its planned clinical programs and the Company’s ability to obtain
marketing approvals for its product candidates. In addition, the forward-looking
statements included in this press release represents the Company’s views as of the date
hereof. The Company anticipates that subsequent events and developments will cause
the Company’s views to change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company specifically
disclaims any obligation to do so. These forward-looking statements should not be relied
upon as representing the Company’s views as of any date subsequent to the date hereof.
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