Sponsored

Imugene (ASX:IMU) secures AU$11.69Mn R&D tax refund for FY23

January 10, 2025 06:54 AM GMT | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Imugene (ASX:IMU) secures AU$11.69Mn R&D tax refund for FY23
Image source: Company update

Highlights

  • Imugene has received a research and development (R&D) tax refund of AU$11.69 million for FY23.
  • The refund includes interest of AU$514,093.
  • The refund is provided under the Australian Government’s R&D tax incentive.
  • The funds will be used to advance Imugene’s immuno-oncology clinical pipeline.

Imugene Limited (ASX:IMU) has received an R&D tax refund of AU$11,689,963 for the financial year 2023, which includes AU$514,093 in interest. These funds will be allocated towards the clinical development of its immuno-oncology pipeline.

The refund is part of the Australian Government’s R&D tax incentive, which provides a refundable tax offset of maximum 43.5% for companies conducting eligible activities

IMU shares closed at AU$0.043 per share on 10 January 2025 with a market cap exceeding AU$327 million.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

AI on the Rise: A Look at Top AI Companies and Their Stocks

Recent Articles

Investing Tips

Previous Next