STOCK TITAN

Benitec Biopharma Reports Continued Durable Improvements in the Radiographic Assessments of Swallowing Efficiency and the Subject-Reported Outcome Instrument at the 180-Day Timepoint for First OPMD Subject Treated with Low-Dose BB-301 in Phase 1b/2a Study

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Benitec Biopharma (NASDAQ: BNTC) reports continued improvements in swallowing efficiency for the first OPMD subject treated with low-dose BB-301 in their Phase 1b/2a study. At the 180-day post-dose assessment, Total Pharyngeal Residue (TPR) remained meaningfully reduced compared to pre-dose values. For three of four food types, TPR values were lower than at any point during the 9-month pre-dose observation period.

The Sydney Swallow Questionnaire (SSQ) Total Score showed continued reductions in dysphagic symptoms, indicating improved swallowing function. Both TPR and SSQ scores are considered central markers for evaluating clinical improvement in OPMD patients. The company plans to dose the third subject in Q3 2024 and report additional interim results in Q1 2025.

Positive
  • Continued improvements in swallowing efficiency at 180-day post-dose assessment
  • Total Pharyngeal Residue (TPR) remained meaningfully reduced compared to pre-dose values
  • Sydney Swallow Questionnaire (SSQ) Total Score showed continued reductions in dysphagic symptoms
  • No Serious Adverse Events (SAEs) observed in the two subjects treated with low-dose BB-301
Negative
  • Transient Grade 2 Gastroesophageal Reflux Disease (GERD) reported in one subject

Insights

The recent data from Benitec Biopharma on the gene therapy BB-301 for Oculopharyngeal Muscular Dystrophy (OPMD) demonstrates important progress in the clinical trial space. The fact that the Total Pharyngeal Residue (TPR) and Sydney Swallow Questionnaire (SSQ) scores show meaningful improvements at the 180-day mark suggests that BB-301 could offer significant clinical benefits for patients suffering from OPMD.

From a clinical perspective, the reduction in TPR is particularly noteworthy as it indicates more efficient swallowing and reduced risk of aspiration—a critical factor in patient quality of life. The improvements across multiple food textures highlight the robustness of the therapy. However, while the results are promising, it’s still early in the trial. We need to see longer-term data to confirm the durability of these effects and to rule out potential delayed adverse events.

Furthermore, the therapy's safety profile appears favorable so far, with no Serious Adverse Events (SAEs) reported. This is a positive indicator for the ongoing development and potential future approval of the therapy. However, the limited sample size—a common issue in early-stage trials—means more data is necessary to fully understand the therapy’s safety and efficacy.

For investors, the progress in Benitec's BB-301 gene therapy trial holds several significant implications. The interim results indicate that the therapy could fulfill an unmet need in the market for OPMD treatments. This is particularly appealing given the Orphan Drug designation granted by both the FDA and EMA. This designation often provides benefits like market exclusivity, tax credits and faster regulatory review, all of which can enhance the commercial potential of BB-301.

In the short term, the continued positive data can bolster investor confidence and potentially lead to stock price appreciation as sentiment around the stock improves. Long-term, the key will be sustaining these results and achieving FDA approval, which would open up revenue streams and establish Benitec as a key player in the gene therapy space.

Nonetheless, investors should be cautious of the inherent risks in clinical-stage biotech investments. The trial is still in early phases and much can change as more subjects are dosed and longer-term data is collected. Additionally, market competition from other gene therapies could impact BB-301's commercial success.

Benitec Biopharma’s recent news offers investors a glimpse into the potential financial upside of its gene therapy BB-301. The Orphan Drug designation already provides some financial advantages, but the real value lies in the therapy's potential market impact. A successful therapy for OPMD could command a premium pricing strategy due to the severe nature of the disease and lack of effective alternatives.

The interim positive data at the 180-day mark should provide a catalyst for the stock, potentially increasing market capitalization and attracting institutional investors. However, the financial viability will rely on continued positive results, eventual market approval and effective commercialization strategies.

Investors should note that while early-stage biotechs can offer substantial returns, they come with high volatility and risk. The company’s burn rate and funding strategy will be critical to watch as they advance through clinical trials.

-The post-dose average values for Total Pharyngeal Residue (i.e., the amount of solid food or liquid material remaining in the pharynx after the first swallow) remained meaningfully reduced at the 180-day post-dose assessment following the administration of the low dose of gene therapy BB-301 as compared to the pre-dose average values recorded for Subject 1 during the OPMD Natural History Study-

-Critically, for three of the four food types evaluated during the radiographic swallowing study assessments for Subject 1, the post-dose average Total Pharyngeal Residue values were lower at the 180-day post-dose assessments than at any point during the 9-month pre-dose observation period comprising the OPMD Natural History Study, with the post-dose average Total Pharyngeal Residue value for the fourth food type being similar to the lowest Total Pharyngeal Residue value observed at any point during the 9-month pre-dose observation period of the OPMD Natural History Study-

-The Total Score recorded for the subject-reported outcome instrument (i.e., the Sydney Swallow Questionnaire or “SSQ” Total Score) demonstrated continued reductions in the Subject’s dysphagic symptoms (i.e., improvements in the Subject’s ability to swallow) at the 180-day post-dose timepoint, with the Total SSQ Score continuing to decline and remaining meaningfully reduced as compared to the pre-dose average value recorded for Subject 1 during the OPMD Natural History Study, indicating a greater improvement in swallowing function as reported by Subject 1-

-Similar to the results observed for the radiographic swallowing study assessments of Total Pharyngeal Residue, the post-dose average Total SSQ Score was lower at the 180-day post-dose timepoint than at any point during the 9-month pre-dose assessment period of the OPMD Natural History Study-

-Key Opinion Leaders participating in the recent BB-301 Research and Development Day webcast (April 2024) highlighted radiographic swallowing study assessments of Total Pharyngeal Residue and the Subject-Reported Outcome SSQ Total Score as the central markers of value for the long-term evaluation of clinically meaningful improvement in subjects diagnosed with OPMD-

HAYWARD, Calif., July 15, 2024 (GLOBE NEWSWIRE) -- Benitec Biopharma Inc. (NASDAQ: BNTC) (“Benitec” or “Company”), a clinical-stage, gene therapy-focused, biotechnology company developing novel genetic medicines based on its proprietary “Silence and Replace” DNA-directed RNA interference (“ddRNAi”) platform, today announces continued durable improvements in the radiographic assessments of swallowing efficiency and the subject-reported outcome instrument as assessed at the 180-day timepoint following the administration of the low-dose of BB-301 to the study’s first subject (Subject 1) treated in the BB-301 Phase 1b/2a single-arm, open-label, sequential, dose-escalation cohort study (NCT06185673) in Oculopharyngeal Muscular Dystrophy (OPMD). BB-301 has been granted Orphan Drug designation by the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) Committee for Orphan Medicinal Products (COMP).

The current interim clinical study update focuses principally on the 180-day results of the videofluoroscopic swallowing study (“VFSS”) assessments of Total Pharyngeal Residue (“TPR”, i.e., the amount of solid food or liquid material remaining in the pharynx after the first swallow) and the Subject-Reported Outcome Instrument (i.e., the Sydney Swallow Questionnaire or “SSQ”) as the Key Opinion Leaders (KOLs) participating in the recent BB-301 Research and Development Day webcast in April 2024 highlighted the Total Pharyngeal Residue and the SSQ as the central markers of value for the long-term evaluation of clinically meaningful improvement in subjects diagnosed with OPMD. Additionally, as the formal statistical plan for the BB-301 Phase 1b/2a clinical study comprises comparisons of the average pre-dose assessments to the respective average 365-day post-dose assessments for each subject, the interim clinical study update focuses on these specific quantitative comparisons. Benitec plans to provide additional analyses of the interim clinical study data at upcoming medical conferences and company-sponsored Research and Development-focused webcasts in the first quarter of calendar 2025.

“We are pleased to report continued positive interim clinical study data for Subject 1 in the investigational assessments deemed to be most critical for the evaluation of clinical benefit by the KOLs in the fields of OPMD research and patient care. Facilitating reductions in the quantities of solid food and liquid that remain in the throat post-swallow is believed to be a central indicator of improvement of swallowing and the reduction of the risk of aspiration in subjects suffering from OPMD,” said Jerel A. Banks, M.D., Ph.D., Executive Chairman and Chief Executive Officer of Benitec. “Our second BB-301-treated subject was dosed in February 2024, and we are poised to dose the third subject in the third quarter of calendar 2024. We remain on track to report additional interim clinical study results (representing at least 6 or 12 months of follow-up for each study subject) on multiple patients in the first quarter of calendar 2025.”

Background Information Regarding the Key Clinical Assessments and Outcome Measures:

TPR comprises the total amount of solid food or liquid material remaining in the pharynx after the completion of the first swallow of the bolus (Figure 1, from April 2024 R&D Day Slide Presentation). TPR is objectively characterized via the completion of videofluoroscopic swallowing studies which evaluate the complete swallowing process for each subject in the context of four food types (i.e., Thin Liquid, Moderately Thick Liquid, Extremely Thick Liquid, and Solid Food). The consistency of Thin Liquid is similar to that of water. The consistency of Moderately Thick Liquid is similar to that of a smoothie. The consistency of Extremely Thick Liquid is similar to that of yogurt or pudding.

The SSQ is a paper-based questionnaire assessing subjective symptoms of oropharyngeal dysphagia, and the questionnaire is completed independently by the study subject at each clinical study visit. The 17-item questionnaire measures the symptomatic severity of oral-pharyngeal dysphagia.

Figure 1 - VFSS TPR Assessments: Overview of the Radiographic Methods

VFSS TPR Assessments: Overview of the Radiographic Methods

BB-301 Interim Clinical Study Results for Subject 1:

Previously Announced 90-Day Post-Dose Interim Clinical Study Results

At the 90-day post-dose assessment following the administration of the low-dose of BB-301, Subject 1 demonstrated improvements in key VFSS assessments which correlated with the observation of similar levels of improvement in the SSQ as compared to the pre-dose average values recorded for Subject 1 during the OPMD Natural History Study, indicating an improvement in swallowing function as reported by Subject 1.

Newly Reported 180-Day Post-Dose Interim Clinical Study Results

The post-dose average values for TPR remained meaningfully reduced (i.e., smaller amounts of solid food and liquid material remained in the pharynx after the completion of the first swallow) at the 180-day post-dose assessment following the administration of the low-dose of gene therapy BB-301 as compared to the pre-dose average values recorded for Subject 1 during the OPMD Natural History Study (Figure 2). Critically, for three of the four food types evaluated during the radiographic swallowing study assessments for Subject 1, the post-dose average TPR values were lower at the 180-day post-dose assessments than at any point during the 9-month pre-dose observation period comprising the OPMD Natural History Study, with the post-dose average TPR value for the fourth food type being similar to the lowest TPR value observed at any point during the 9-month pre-dose observation period of the OPMD Natural History Study (Figure 2).

The Total Score recorded for the Subject-Reported SSQ also demonstrated continued reductions in the Subject’s dysphagic symptoms (i.e., improvements in the Subject’s ability to swallow) at the 180-day post-dose timepoint, with the Total SSQ Score continuing to decline and remaining meaningfully reduced as compared to the pre-dose average value recorded for Subject 1 during the OPMD Natural History Study, indicating a greater improvement in swallowing function as reported by Subject 1 (Figure 3). Importantly, similar to the results observed for the VFSS assessments of TPR, the post-dose average Total SSQ Score was lower at the 180-day post-dose timepoint than at any point during the 9-month pre-dose assessment period of the OPMD Natural History Study.

KOLs participating in the recent BB-301 Research and Development Day webcast (April 2024) highlighted VFSS assessments of TPR and the Subject-Reported Outcome SSQ Total Score as the central markers of value for the long-term evaluation of clinically meaningful improvement in subjects diagnosed with OPMD.

Figure 2 - VFSS TPR Assessments for Subject 1: Pre-Dose Average and 180-Day Post-Dose Average Assessments*

Thin Liquid (5mL), Total Pharyngeal Residue %

Moderately Thick Liquid, Total Pharyngeal Residue %

Extremely Thick Liquid, Total Pharyngeal Residue %

Solid Food, Total Pharyngeal Residue %

*Company data on file; Avg. = Average, TPR = Total Pharyngeal Residue, NH = OPMD Natural History Study

Figure 3 - Subject-Reported SSQ Total Score for Subject 1: Pre-Dose Average and 180-Day Post-Dose Average*

Subject-Reported SSQ Total Score for Subject 1: Pre-Dose Average and 180-Day-Post-Dose Average

*Company data on file; Avg. = Average, SSQ = Sydney Swallow Questionnaire, NH = OPMD Natural History Study

Regarding the BB-301 safety profile observed to date, transient Grade 2 Gastroesophageal Reflux Disease or “GERD” (i.e., “acid reflux” or “heartburn”) has been reported previously in April 2024 at the time of the Research and Development Day webcast. No Serious Adverse Events (SAEs) have been observed for the two subjects that have received the low-dose of BB-301.

About OPMD

OPMD is a rare progressive muscle-wasting disease caused by a mutation in the poly(A)-binding protein nuclear 1 (PABPN1) gene, for which there is currently no effective drug therapy. The disease is characterized by swallowing difficulties (dysphagia), limb weakness and eyelid drooping (ptosis). Dysphagia worsens over time and can lead to chronic choking, regurgitation, aspiration pneumonia, and in severe cases, death. Available clinical and surgical interventions are limited in scope and effectiveness and do not address the underlying progressive muscle weakness.

About BB-301

BB-301 is a novel, modified AAV9 capsid expressing a unique, single bifunctional construct promoting co-expression of both codon-optimized Poly-A Binding Protein Nuclear-1 (PABPN1) and two small inhibitory RNAs (siRNAs) against mutant PABPN1. The two siRNAs are modeled into microRNA backbones to silence expression of faulty mutant PABPN1, while allowing expression of the codon-optimized PABPN1 to replace the mutant with a functional version of the protein. We believe the silence and replace mechanism of BB-301 is uniquely positioned for the treatment of OPMD by halting mutant expression while providing a functional replacement protein.

About Benitec Biopharma, Inc.

Benitec Biopharma Inc. (“Benitec” or the “Company”) is a clinical-stage biotechnology company focused on the advancement of novel genetic medicines with headquarters in Hayward, California. The proprietary “Silence and Replace” DNA-directed RNA interference platform combines RNA interference, or RNAi, with gene therapy to create medicines that simultaneously facilitate sustained silencing of disease-causing genes and concomitant delivery of wildtype replacement genes following a single administration of the therapeutic construct. The Company is developing Silence and Replace-based therapeutics for chronic and life-threatening human conditions including Oculopharyngeal Muscular Dystrophy (OPMD). A comprehensive overview of the Company can be found on Benitec’s website at www.benitec.com.

Forward Looking Statements

Except for the historical information set forth herein, the matters set forth in this press release include forward-looking statements, including statements regarding Benitec’s plans to develop and potentially commercialize its product candidates, the timing of completion of pre-clinical and clinical trials, the timing of the availability of data from our clinical trials, the timing and sufficiency of patient enrollment and dosing in clinical trials, the timing of expected regulatory filings, the clinical utility and potential attributes and benefits of ddRNAi and Benitec’s product candidates, the intellectual property position, and other forward-looking statements.

These forward-looking statements are based on the Company’s current expectations and subject to risks and uncertainties that may cause actual results to differ materially, including unanticipated developments in and risks related to: unanticipated delays; further research and development and the results of clinical trials possibly being unsuccessful or insufficient to meet applicable regulatory standards or warrant continued development; the ability to enroll sufficient numbers of subjects in clinical trials; determinations made by the FDA and other governmental authorities; the Company’s ability to protect and enforce its patents and other intellectual property rights; the Company’s dependence on its relationships with its collaboration partners and other third parties; the efficacy or safety of the Company’s products and the products of the Company’s collaboration partners; the acceptance of the Company’s products and the products of the Company’s collaboration partners in the marketplace; market competition; sales, marketing, manufacturing and distribution requirements; greater than expected expenses; expenses relating to litigation or strategic activities; the Company’s ability to satisfy its capital needs through increasing its revenue and obtaining additional financing, given market conditions and other factors, including our capital structure; our ability to continue as a going concern; the length of time over which the Company expects its cash and cash equivalents to be sufficient to execute on its business plan; the impact of the COVID-19 pandemic, the disease caused by the SARS-CoV-2 virus and similar events, which may adversely impact the Company’s business and pre-clinical and clinical trials; the impact of local, regional, and national and international economic conditions and events; and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. The Company disclaims any intent or obligation to update these forward-looking statements.

Investor Relations Contact:
Irina Koffler
LifeSci Advisors, LLC
(917) 734-7387
ikoffler@lifesciadvisors.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/47b32ce8-e81a-4236-b68b-c0a5c15e109d

https://www.globenewswire.com/NewsRoom/AttachmentNg/7ac76152-dd9a-4e9a-a0fb-f11c1c30e5ce

https://www.globenewswire.com/NewsRoom/AttachmentNg/26fc77d9-a167-47ea-ba32-4f474da56716

Ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/c3da2f6b-1a29-4748-900a-b8795423bbfe

https://www.globenewswire.com/NewsRoom/AttachmentNg/fbb05824-fc95-4774-b01e-c5e96384cf7b

https://www.globenewswire.com/NewsRoom/AttachmentNg/08fd3193-ac6c-4c0d-a7e8-0565f44725d4


FAQ

What are the latest results from Benitec Biopharma's (BNTC) BB-301 Phase 1b/2a trial for OPMD?

Benitec reported continued improvements in swallowing efficiency at the 180-day post-dose assessment for the first OPMD subject treated with low-dose BB-301. Total Pharyngeal Residue remained reduced compared to pre-dose values, and the Sydney Swallow Questionnaire score showed continued reductions in dysphagic symptoms.

How many subjects have been treated with BB-301 in Benitec's (BNTC) OPMD trial as of July 2024?

As of July 2024, two subjects have been treated with low-dose BB-301 in Benitec's Phase 1b/2a trial for OPMD. The second subject was dosed in February 2024, and the company plans to dose the third subject in Q3 2024.

What are the key markers for evaluating clinical improvement in OPMD patients according to Benitec's (BNTC) study?

According to Key Opinion Leaders participating in Benitec's Research and Development Day webcast, the Total Pharyngeal Residue (TPR) from videofluoroscopic swallowing studies and the Sydney Swallow Questionnaire (SSQ) Total Score are considered central markers for evaluating clinically meaningful improvement in OPMD patients.

When does Benitec Biopharma (BNTC) plan to report additional interim results for the BB-301 OPMD trial?

Benitec plans to report additional interim clinical study results, representing at least 6 or 12 months of follow-up for each study subject, on multiple patients in the first quarter of calendar 2025.

Benitec Biopharma Inc.

NASDAQ:BNTC

BNTC Rankings

BNTC Latest News

BNTC Stock Data

204.99M
19.82M
4.39%
46.12%
0.21%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
HAYWARD