VICTORIA, BRITISH COLUMBIA September 8, 2021 / – IMMUNOPRECISE ANTIBODIES LTD. (the “Company” or “IPA”) (NASDAQ: IPA) (TSX VENTURE: IPA) a leader in full-service, therapeutic antibody discovery and development, announced today that its site in Oss, the Netherlands, which is part of the Company’s subsidiary, IPA Europe, has been granted a three-year approval for the “Crédit d’Impôt Recherche” (CIR) from the French Ministry of Higher Education and Research. CIR is a French R&D tax credit initiative which will provide tax credits to eligible French companies when they engage IPA Europe, Oss, in qualified research and development activities.
The CIR rate that an eligible French customer purchasing services from IPA Europe may receive varies depending on the amount invested:
• 30% for eligible R&D expenses up to €100 million of R&D activities, 5% above that amount
• 20% for eligible innovation expenditure (for SMEs only) of up to €400,000
An Added Benefit to the Full-Service Advantage of IPA
Dr. Stefan Lang, Chief Business Officer of IPA, commented: “We are pleased to offer this accreditation to eligible French companies who engage with IPA in Oss in fundamental and applied research and experimental development activities. IPA is privileged to be able to pass this recognition of our role in research and innovation in scientific antibody discovery in Europe, onto existing and new French partners, in the form of tax relief.”