Prima Biomed Receives $777K R&D Tax Incentive Refund

SYDNEY, AUSTRALIA--(Marketwired - January 20, 2015) - Prima BioMed Ltd (NASDAQ: PBMD) (ASX: PRR) (“Prima”) is pleased to advise that it has received approximately $777k in a cash rebate from the Australian Federal Government’s R&D tax incentive program. The cash rebate was provided essentially in respect of expenditures incurred on eligible Australian R&D activities conducted on the CVac clinical trials during the 2014 financial year.

About Prima BioMed
Prima BioMed is a globally active biotech company developing immunotherapeutic products for the treatment of cancer. Prima is dedicated to leveraging its technology and expertise to bring innovative treatment options to market for patients and to maximize value for its shareholders. Following the acquisition of Immutep SA, Prima owns a number of different immunotherapy products in preclinical and clinical development.