BUZZ-Australia's Recce Pharmaceutical hits over 2-yr high on $3.5 million R&D tax rebate
Reuters01-14
BUZZ-Australia's Recce Pharmaceutical hits over 2-yr high on $3.5 million R&D tax rebate** Shares of Recce Pharmaceuticals RCE.AX rise 3% to A$0.69, their highest level since early Sept 2023
** Pharmaceutical co receives cash refund of A$5.3 million ($3.55 million) research and development tax incentive rebate from the Australian Taxation Office
** Stock up 35.3% in 2025
($1 = 1.4932 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))
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