“The total cash amount of
The cash receipt is comprised of
The
The Australian Government’s 43.5% R&D Tax Incentive Rebate is typically reserved for Australian-based R&D only. Recce was uniquely granted the ability to capture 43.5% of the Company’s R&D applicable activities overseas as well, as previously announced and reflected in this rebate.
The advance payment of
About
Recce’s anti-infective pipeline includes three patented, broad-spectrum, synthetic polymer anti-infectives: RECCE® 327 as an intravenous and topical therapy that is being developed for the treatment of serious and potentially life-threatening infections due to Gram-positive and Gram-negative bacteria including their superbug forms; RECCE® 435 as an orally administered therapy for bacterial infections; and RECCE® 529 for viral infections. Through their multi-layered mechanisms of action, Recce’s anti-infectives have the potential to overcome the hypercellular mutation of bacteria and viruses – the challenge of all existing antibiotics to date.
The FDA has awarded RECCE® 327 Qualified Infectious Disease Product designation under the Generating Antibiotic Initiatives Now (GAIN) Act – labelling it for Fast Track Designation, plus 10 years of market exclusivity post approval. Further to this designation, RECCE® 327 has been included on The Pew Charitable Trusts Global New Antibiotics in Development Pipeline as the world’s only synthetic polymer and sepsis drug candidate in development. RECCE® 327 is not yet market approved for use in humans with further clinical testing required to fully evaluate safety and efficacy.
Recce wholly owns its automated manufacturing, which is supporting present clinical trials. Recce’s anti-infective pipeline seeks to exploit the unique capabilities of its technologies targeting synergistic, unmet medical needs.
Corporate Contact
+61 (02) 9256 2571
James.graham@recce.com.au
Media and Investor Relations (AU)
CityPR
+61 (02) 9267 4511
ageddes@citypublicrelations.com.au
Media and Investor Relations (
jtemperato@lifescicomms.com
![](https://ml.globenewswire.com/media/Y2FkMWE2Y2YtZjkwZS00ZTI3LTgzMWYtYzE0MWY3NDBmM2M4LTUwMDA3MTAwNA==/tiny/Recce-Pharmaceuticals.png)
2023 GlobeNewswire, Inc., source