Receipt of R&D tax cash rebate
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
27 November 2014
INVION ANNOUNCES RECEIPT OF R&D TAX CASH REBATE
Invion Limited (ASX:IVX) is pleased to advise that it has received an R&D Tax cash rebate of
approximately $0.79 million, with respect to certain local and overseas R&D activities carried out in the
financial year ended 30 June 2014.
Invion currently has an application lodged with AusIndustry which seeks to expand the programs
eligible for advance finding under the R&D Tax Incentive Scheme.
Should this application be successful, the Company would be eligible to claim further rebate for local
and overseas R&D activities carried out in the financial year ended 30 June 2014. In addition, a greater
proportion of R&D expense would be eligible for the rebate in the 2015 and 2016 financial years.
FOR MORE INFORMATION CONTACT:
Managing Director and CEO
Dr Greg Collier
investor@inviongroup.com
MEDIA QUERIES:
Ben Walsh
Buchan Consulting
T: 02 9237 2800 or bwalsh@buchanwe.com.au
About Invion Limited
Invion is a life sciences company focussed on the development of treatments for major opportunities in
respiratory disease and autoimmune disease. The Group has three drug assets in development, and
three phase II clinical trials, regulated by the Food & Drug Administration (FDA), currently underway in
the United States. INV102 (nadolol) a beta blocker (beta adrenergic inverse agonist) currently used to
treat high blood pressure and migraine, is being repurposed to treat chronic inflammatory airway
diseases, including asthma and chronic obstructive pulmonary disease (COPD). INV104 (zafirlukast) is a
leukotriene receptor antagonist (LTRA) or anti-leukotriene that reduces inflammation, constriction of the
airways, and the build-up of mucus in the lungs. INV103 (ala-Cpn10) is a modified, naturally occurring
human protein which has been proposed as a founding member of the Resolution Associated
Molecular Pattern (RAMPs) family hypothesised to maintain and restore immune homeostasis. Invion is
an ASX listed company (ASX:IVX), with operations in Brisbane, Australia and Delaware, USA.
Invion Limited ABN 76 094 730 417
GPO Box 1557, Brisbane, QLD 4073 P +61 7 3295 0500 F +61 7 3295 0599 www.inviongroup.com
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