Amplia Receives R&D Tax Rebate Totalling $3.2 Million
Released
Released
Announcement PDF
ABN 16 165 160 841
ASX RELEASE
12 August 2024
AMPLIA RECEIVES R&D TAX REBATE TOTALLING $ 3.2 MILLION
Melbourne, Australia: Amplia Therapeutics Limited (ASX: ATX), (“Amplia” or the “Company”) is
pleased to advise that it has received a Research and Development (R&D) Tax Incentive refund of
$3,177,718 for the 2023/2024 financial year. The refund relates to expenditure incurred in research
and development associated with the Company’s FAK inhibitors, narmafotinib (AMP945) and AMP886.
These R&D activities primarily related to the Company’s ongoing Phase 1b/2a clinical trial of
narmafotinib in advanced pancreatic cancer patients.
Following receipt of the funds, the Company will fully repay the loan of $1,467,000 received from
Director Dr Robert Peach along with accrued interest 1. The net funds will contribute to the further
progression of the Company’s Phase 1b/2a clinical trial of narmafotinib and other R&D activities.
The Australian Government's Research and Development Tax Incentive is a program to encourage
businesses to undertake research and development (R&D) activities and provides eligible companies
with cash refunds for 43.5-48.5% of eligible expenditure on research and development activities.
This ASX announcement was approved and authorised for release by the CEO of Amplia Therapeutics.
- End Investor Contact:
Dr Chris Burns
Chief Executive Officer
chris@ampliatx.com
Media Contact:
H^CK Director, Haley Chartres
haley@hck.digital
+61 423 139 163
About Amplia Therapeutics Limited
Amplia Therapeutics Limited is an Australian pharmaceutical company advancing a pipeline of Focal
Adhesion Kinase (FAK) inhibitors for cancer and fibrosis. FAK is an increasingly important target in the
field of cancer and Amplia has a particular development focus in fibrotic cancers such as pancreatic
cancer. FAK also plays a significant role in a number of chronic diseases, such as idiopathic pulmonary
fibrosis (IPF). For more information visit www.ampliatx.com and follow Amplia on Twitter (@ampliatx),
Threads (@ampliatx) and LinkedIn.
1
Quarterly Activities And Cash Flow Reports 30 January 2024
Level 17, 350 Queen Street, Melbourne VIC 3000
Email info@ampliatx.com
www.ampliatx.com
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