News and Announcements
Analytica Receive R&D Tax Incentive Receipt
- Published January 18, 2016 3:14PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
18th January 2016, ASX Announcement
Analytica Ltd (ASX: ALT) is pleased to announce the receipt of $1,901k from the Australian Taxation Office under the Research and Development Incentive related to the financial year to 30th June 2015.
The research and development tax incentive is an initiative of the federal government to assist small companies to invest in essential research and development to be internationally competitive with new innovative products. This incentive is a welcome boost to our research funding and Analytica is grateful for the support.
The continuing investment in the research and development of the PeriCoach® has led to a best in class, non-pharmaceutical, non-surgical treatment for pelvic floor muscle disorders, particularly stress urinary incontinence and sexual function. Pelvic floor muscles exercises are recommended by the American College of Physicians as a first line treatment for urinary incontinence.
To view the full announcement, please click here.
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