r&d tax incentive program

Assume Alchemia applied for this Ausindustry program:

http://www.ausindustry.gov.au/programs/innovation-rd/RD-TaxIncentive/Pages/default.aspx

So far, two of my other biotechs (Biota and Antisense) recently announced receipt of their R&D tax incentives - Biota announced a refund of $4.3m and Antisense announced $900k

Expecting Alchemia to announce their bonus shortly (assuming they applied)...will be a nice Christmas bonus to the bottom line.

As an interesting aside, when Biota announced their refund, it was a non-price sensitive announcement, whilst Antisense's announcement was price sensitive - sort of in line with the respective managements' general excitement whenever there is an announcement...interesting how different companies interpret ASIC regulations re announcements.