PERTH, Australia, 8th October 2018: Phylogica Limited (ASX:PYC) (Phylogica or the Company), advises that it has received a $2,900,000 cash refund under the Federal Government’s R&D Tax Incentive Scheme.
The refund relates to the costs of research and development during the 2018 Financial Year which qualify as eligible R&D expenditure under the Federal Government’s Scheme.
The funds received will be used to accelerate the Company’s path towards first in human trials of its Cell Penetrating Peptides (CPPs).
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