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How Algorae’s $384K Tax Refund Fuels AI Drug Discovery Ambitions

9:05am on Wednesday 10th of December, 2025 AEDT Healthcare
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How Algorae’s $384K Tax Refund Fuels AI Drug Discovery Ambitions

9:05am on Wednesday 10th of December, 2025 AEDT
Key Points
  • Received $384,466 R&D tax refund from Australian Taxation Office
  • Non-dilutive funding strengthens cash reserves
  • Supports AI-powered drug discovery and expanding commercial pipeline
  • Reflects ongoing investment in innovative pharmaceutical development
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