Bionomics Receives Over $6.7m RD Tax Incentive Refund

Bionomics Limited (ASX:BNO), a global, clinical stage biopharmaceutical company leveraging proprietary platform technologies to discover and develop a deep pipeline of novel drug candidates targeting ion channels, is pleased to announce that the Company has received a A$6,788,454 R&D Tax Incentive Refund for the 2016/2017 financial year.

The Company is well funded as it progresses its Phase 2 clinical trial in Post-Traumatic Stress Disorder (PTSD) towards a major value milestone and advances other pre-clinical assets in its development pipeline.

The Australian Government R&D Tax Incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset of up to 43.5% (refundable) for eligible R&D activities.


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