Immutep receives ~A$1.13 million R&D Tax Incentive
25 Octubre 2023 - 7:00AM
Immutep Limited (ASX: IMM; NASDAQ: IMMP) (“Immutep” or the
“Company”), is pleased to announce that it has received a
A$1,134,882 cash rebate from the Australian Federal Government’s
R&D tax incentive program. The cash rebate provided in respect
of expenditure incurred on eligible R&D activities conducted in
the 2022 fiscal year, mainly related to the Company’s TACTI-002 and
TACTI-003 clinical study using its lead compound eftilagimod alpha
(“efti” or “IMP321”), conducted in Australia.
This follows approval from AusIndustry of Immutep’s application
for an Advance/Overseas Finding. Due to the Advance Finding, both
Immutep’s Australian and overseas research and development
activities related to the TACTI-002 and TACTI-003 Australian sites
were eligible for the R&D Tax Incentive.
Immutep also receives the French CIR tax incentive through its
subsidiary Immutep S.A.S in respect of expenditure incurred on
eligible R&D activities conducted in the European Union.
Immutep will apply the non-dilutive funding towards furthering
its current active clinical trial programs for its lead product
candidate, efti. The expected cash reach of the Company extends
into early calendar year 2026.
About ImmutepImmutep is a
clinical-stage biotechnology company developing novel LAG-3
immunotherapy for cancer and autoimmune disease. We are pioneers in
the understanding and advancement of therapeutics related to
Lymphocyte Activation Gene-3 (LAG-3), and our diversified product
portfolio harnesses its unique ability to stimulate or suppress the
immune response. Immutep is dedicated to leveraging its expertise
to bring innovative treatment options to patients in need and to
maximise value for shareholders. For more information, please visit
www.immutep.com.
Australian
Investors/Media:Catherine Strong, Citadel-MAGNUS+61 (0)406
759 268; cstrong@citadelmagnus.com
U.S. Investors/Media:Chris
Basta, VP, Investor Relations and Corporate Communications+1 (631)
318 4000; chris.basta@immutep.com
Immutep (NASDAQ:IMMP)
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