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Gentronix Gets French Tax Credit OK

NEW YORK (GenomeWeb News) – Gentronix today said that it has received a French research tax credit approval for the years 2012-2014.

The credit allows eligible research-intensive French companies who are subject to corporate tax in France the ability to claim tax relief on costs generated in R&D requirements that are outsourced to Gentronix. The firm is based in Manchester, UK, and provides genotoxicity screening products and services.

In a statement, Gentronix Chairman and CEO John Nicholson said the credit approval will provide the firm with greater opportunities to support customers in France.

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