Bionomics Receives Over $6.5 Million Tax Refund To Its Kitty

  • Dec 12, 2018 AEDT
  • Team Kalkine
Bionomics Receives Over $6.5 Million Tax Refund To Its Kitty

BIONOMICS LIMITED (ASX: BNO): A biopharmaceutical company that treats diseases like cancer, psychological disorders such as anxiety, depression and Alzheimer's disease, has a vision to improve the lives of people who suffer from anxiety, depression, Post Traumatic Stress Disorder (PTSD) related pain and memory loss through effective treatment. The company is in its strong growth phase of the business cycle with a wide range of promising drugs for treating early to advanced stages of clinical developments. The company has a strong drug discovery platform including Multicore, their proprietary chemistry capability. The company strategically makes partnership with large pharmaceutical companies to get the drugs so that the same can be quickly made available in the market for usage.

The company has just announced about receiving an AUD$6,568,808 tax incentive refund for 2017-2018 financial year. The Australian Government is providing R&D tax incentive to the company. This encourages the companies to engage in research and development benefitting Australia, by providing a tax offset of up-to 43.5% for eligible R&D activities.

The company is working on a robust pipeline of future therapeutic candidates in its core CNS therapeutic areas and leveraging its proprietary technologies in the drug discovery process. With recent scientific developments several new targets from Bionomics’ early discovery efforts are now able to be further investigated.  It will now be trialled for treating agitation in elderly patients and the identification of additional CNS therapeutics for partnering/or internal development is taking place. This progress for the company however becomes important given the backdrop M&A activity within the industry and several acquisitions of companies within the Australian sector by large global players. For ASX listed companies this highlighted the value gap between market capitalisation and inherent value. Meanwhile, the company programs all target areas where there is a significant market opportunity attractive to both large Pharma and speciality CNS pharma companies.

FY 2018 marked a year of transition for the company to a pure CNS company. Moreover, through the Worldwide Patent Cooperation treaty, (PCT) mechanism, Bionomics and its related companies were granted a significant number of patents this financial year. 21 PCT patent applications entered the national and regional phases of examination. 2 PCT patent applications and 11 provisional patent applications were filed.  The company is into the discovery and development of novel drug candidates for the treatment of central nervous system disorders.

The oncology programs of the company are being looked for monetisation by an ongoing process that the company resorts to. The company shifted from its transition phase and moved towards a more focussed CNS disorders company. It believes that the outcome will be value accretive for the shareholders.

The company is currently trading at $ 0.125, market open on December 12, 2018. However, this was trading as high as 50 cents back in September 2018. However, in early October Bionomics announced the trial of its medication designed to treat Post Traumatic Stress Disorder which failed, post which the stock started underperforming and is maintaining the trend till date.

The company has recently completed the Share purchase plan for eligible shareholders which closed on December 6, 2018.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK