Welcome to our dedicated page for Benitec Biopharma news (Ticker: BNTC), a resource for investors and traders seeking the latest updates and insights on Benitec Biopharma stock.
Benitec Biopharma Inc. (NASDAQ: BNTC) is a clinical-stage biotechnology company pioneering the use of its proprietary 'Silence and Replace' DNA-directed RNA interference (ddRNAi) platform to develop novel genetic medicines. Headquartered in Hayward, California, Benitec is focused on creating treatments for chronic and life-threatening human diseases through gene-silencing technology that targets and 'turns off' specific disease-related genes, offering sustained treatments, and even potential cures, with a single dose.
Benitec's ddRNAi technology combines RNA interference with gene therapy to deliver long-lasting silencing of disease-causing genes. This approach has significant advantages over traditional RNA interference methods, being easier to deliver, safer, more targeted, and more efficient. This transformative technology is protected by over 40 global patents and can potentially silence genes related to thousands of human diseases.
The company is advancing a robust pipeline of in-house and partnered drug development programs targeting conditions such as Oculopharyngeal Muscular Dystrophy (OPMD) and Hepatitis B Virus (HBV). One of its leading projects, BB-301, is designed to slow or halt the progression of OPMD by silencing the faulty mutant PABPN1 gene and replacing it with a functional version. The BB-301 program has shown promising preliminary results, with significant improvements in clinical trial endpoints.
Benitec has recently announced several operational updates, including the initiation of the first clinical trial using the 'Silence and Replace' platform and the successful closing of a $40 million PIPE financing to support the development and commercialization of BB-301. The company's financial condition shows a focused investment in research and development with notable participation from prominent investors.
For the latest updates on Benitec Biopharma's performance, projects, and developments, visit their official website at www.benitec.com.
Benitec Biopharma reported positive interim clinical trial data for the first Oculopharyngeal Muscular Dystrophy (OPMD) subject dosed with BB-301, with improvements noted in swallowing assessments. The company closed an oversubscribed $40.0 million private financing round extending cash runway through 2025. Operational updates include enrollment of 23 subjects in the OPMD Natural History Study and milestones related to BB-301 development.
Benitec Biopharma Inc. (BNTC) will participate in the Citizens JMP Life Science Conference in New York on May 13-14, 2024, presenting its gene therapy-focused ddRNAi platform. The presentation by Jerel Banks, MD, PhD, Executive Chairman and CEO, will be webcasted live.
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