February 7, 2018 / 2:29 PM / 12 days ago

BRIEF-Israeli Tax Authority Issues Tax Ruling On Galmed Pharma's Unit

Feb 7 (Reuters) - Galmed Pharmaceuticals Ltd:

* GALMED PHARMACEUTICALS -ISRAELI TAX AUTHORITY ISSUED TAX RULING GRANTING CO‘S UNIT “PREFERRED TECHNOLOGICAL ENTERPRISE” STATUS, SUBJECT TO CONDITIONS

* GALMED PHARMACEUTICALS - GRANT OF “PREFERRED TECHNOLOGICAL ENTERPRISE” STATUS MEANS UNIT TO BE SUBJECT TO REDUCED ISRAELI CORPORATE TAX RATE

* GALMED PHARMACEUTICALS - TAX RULING APPLIES FOR 5 YRS UNTIL 2022, MAY BE EXTENDED FURTHER SUBJECT TO MEETING SOME REQUIREMENTS - SEC FILING Source text for Eikon: (bit.ly/2GXcbYX) Further company coverage:

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