Acrux receives $1.73m advance on FY25 R&D Tax Incentive
Released
Released
Announcement PDF
ASX Release
3 April 2025
Acrux receives $1.73 million advance on FY25 R&D Tax Incentive
Melbourne, Australia; Acrux Limited (ASX:ACR), a specialty pharma company developing and
commercialising a portfolio of topically applied pharmaceutical products, is pleased to announce
it has received an advance of $1.73 million from Radium Capital in relation to its FY25 R&D Tax
Incentive (RDTI).
This short term funding facility gives Acrux early access to the FY25 RDTI rebate in order to
support the progression of the development products and management of the Company’s working
capital. This advance is secured against the FY25 RDTI which is expected to be received from
the Australian Taxation Office later in 2025, broadly representing 80% of the estimated rebate
applicable for the eight months to 28 February 2025.
About Acrux
Acrux is a specialty pharma company with a successful track record of developing and
commercialising a pipeline of topically applied pharmaceutical products. Drawing on 25 years of
experience, Acrux has successfully marketed through licensees a number of products worldwide
with emphasis on the United States. Acrux is formulating and developing a range of topical generic
products by leveraging its highly skilled workforce, on-site laboratories, GMP manufacturing suite,
technical, clinical and commercial experience to bring affordable products to market. Acrux
encourages collaboration and is well positioned to discuss commercial partnering and product
development opportunities. For further information on Acrux, visit: www.acrux.com.au
Authorised for release by the Board of Acrux Limited.
For more information, please contact:
Michael Kotsanis
Acrux Limited
CEO & Managing Director
P: + 61 3 8379 0100
E: michael.kotsanis@acrux.com.au
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