BDM burgundy diamond mines limited

bdm income opportunity from overseas r & d

  1. 319 Posts.
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    Just shot off a quick email to BDM on this exciting news:
    For full note see SPL release to ASX 1.25pm 22/11/12.

    Starpharma to recoup $6 million cash for OVERSEAS R&D

    Melbourne, Australia: Starpharma (ASX:SPL; OTCQX:SPHRY) today announced that following a submission to AusIndustry, it is eligible to receive approximately $6 million cash in R&D tax incentive for OVERSEAS R&D activities.

    Starpharma made a submission for an advance finding in relation to VivaGel® activities in June 2012, and AusIndustry has today notified the Company that its overseas R&D activities satisfy the required criteria under the 45% R&D Tax Incentive Program.

    Could Biodiem profit from this program?
 
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