Recce Pharmaceuticals Ltd. (AU:RCE) has released an update.
Recce Pharmaceuticals Ltd has secured a significant AUD $6.75 million R&D Tax Incentive rebate from the Australian Taxation Office, bolstering its financial position to pursue innovative anti-infective treatments globally. This substantial funding underscores the Australian government’s support for pioneering life sciences and strengthens Recce’s efforts to tackle antibiotic-resistant superbugs and emerging viral pathogens. With this rebate, Recce is poised to advance its cutting-edge research and development initiatives, potentially revolutionizing infection treatments worldwide.
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