Opthea Receives AU$15.9 Million Tax Incentive; Shares Down 6%

MT Newswires Live

2024/11/15

Opthea (ASX:OPT) received a AU$15.9 million research and development tax credit from the Australian Taxation Office, according to a Friday filing with the Australian bourse.

The incentive is for research and development costs incurred in the financial years 2023 to 2024 relating to the development of Opthea's lead product candidate, sozinibercept, the filing stated.

The biopharmaceutical company's shares were down 6% in recent Friday trade.

Price (AUD): $0.66, Change: $-0.04, Percent Change: -5.71%

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