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ASX/Media Release Immutep Receives A$4.6 million R&D Tax Incentive from French Government SYDNEY, AUSTRALIA - 3 November 2025 - Immutep Limited (ASX: IMM; NASDAQ: IMMP) ("Immutep" or "the Company"), a late-stage immunoth

Key Takeaway: Immutep Limited announced that it has received approximately A$4.6 million in research and development tax incentives from the French Government. This funding will be used to support the ongoing global clinical development of its immunotherapy products, eftilagimod alfa and IMP761. The tax incentive reflects Immutep's eligibility under the French "Crédit d'Impôt Recherche" scheme for R&D activities conducted in Europe. The company also qualifies for rebates from the Australian government's R&D tax incentive program.

Market Sentiment Analysis

POSITIVE FACTORS

  • Received A$4.6 million R&D tax incentive from French Government.
  • Funding will support global clinical development of key therapeutics.
  • Demonstrates strong governmental support for R&D activities.

Full Press Release Details

Receives A$4.6 million R&D Tax Incentive from French Government
SYDNEY, AUSTRALIA - 3 November
2025 - Immutep Limited (ASX: IMM; NASDAQ: IMMP) ("Immutep" or "the Company"), a late-stage immunotherapy company targeting cancer and autoimmune diseases, is pleased to announce it has received a 2,588,954 (~ A$4,567,769 ) research and development (R&D) tax incentive payment in cash from the French Government under its Cr dit d'Imp t Recherche scheme (CIR).
The "Cr dit d'Imp t Recherche" (CIR), meaning "Research Tax Credit", is a French government tax incentive
by which French companies conducting research and development activities in Europe can be reimbursed 30% of their eligible expenditure.
qualifies for the CIR tax incentive through its subsidiary Immutep S.A.S. due to the research and development conducted in its laboratory in France. The cash payment is provided in respect of expenditure incurred on eligible R&D activities
conducted in the European Union in the 2024 calendar year. Immutep also qualifies for cash rebates from the Australian Federal Government's R&D tax incentive program in respect of expenditure incurred on eligible R&D activities
conducted in Australia.
The funds will be used to support the ongoing and planned global clinical development of eftilagimod alfa and IMP761.
late-stage biotechnology company developing novel immunotherapies for cancer and autoimmune disease. The Company is a pioneer in the understanding and advancement of therapeutics related to Lymphocyte Activation
Gene-3 (LAG-3), and its diversified product portfolio harnesses LAG-3's ability to stimulate or suppress the immune
response. Immutep is dedicated to leveraging its expertise to bring innovative treatment options to patients in need and to maximise value for shareholders. For more information, please visit www.immutep.com.
Australian Investors/Media:
Eleanor Pearson, Sodali & Co
+61 (0)400 886 722; eleanor.pearson@sodali.com
U.S. Investors/Media:
Chris Basta, VP, Investor Relations and Corporate Communications
(631) 318 4000; chris.basta@immutep.com
This announcement was authorised for release by the CEO of Immutep Limited.

Frequently Asked Questions

What tax incentive did Immutep receive from the French government?

Immutep received a cash payment of approximately A$4.57 million as an R&D tax incentive.

What does the French Cr dit d'Imp t Recherche scheme entail?

The scheme reimburses French companies 30% of their eligible R&D expenses.

How does Immutep qualify for the CIR incentive?

Immutep qualifies through its subsidiary Immutep S.A.S. for R&D in its French laboratory.

What will the funds be used for?

The funds will support the clinical development of eftilagimod alfa and IMP761.

What therapies does Immutep focus on?

Immutep develops immunotherapies targeting cancer and autoimmune diseases.

Last updated: Nov 4, 2025