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Benitec Biopharma to Present at the OPMD International Conference

Key Takeaway: Benitec Biopharma Inc. is set to present its BB-301 Clinical Development Program at the Oculopharyngeal Muscular Dystrophy International Conference on May 16, 2023. CEO Jerel A. Banks expressed optimism about rapid enrollment of subjects into the Natural History Study, which is critical for advancing their therapeutic development. The company aims to begin administering its treatment to OPMD subjects in the latter half of 2023 while also disclosing interim efficacy and safety data for enrolled participants.

Market Sentiment Analysis

POSITIVE FACTORS

  • Benitec's CEO will present clinical development updates at a reputable international conference.
  • Enrollment for the Natural History Study is progressing rapidly, indicating strong engagement.
  • The company is on track to administer BB-301 to subjects in the second half of 2023.

CONCERNS & RISKS

  • Forward-looking statements include various risks and uncertainties that could impact development timelines.
  • The company may face challenges related to regulatory approvals and clinical trial outcomes.

Full Press Release Details

HAYWARD, Calif., May 08, 2023 (GLOBE NEWSWIRE) -- Benitec Biopharma Inc. (NASDAQ: BNTC) (“Benitec” or “Company”), a development-stage, gene therapy-focused, biotechnology company developing novel genetic medicines based on its proprietary DNA-directed RNA interference ("ddRNAi") platform, today announced that Jerel A. Banks, M.D., Ph.D., Executive Chairman and Chief Executive Officer of Benitec will present virtually on the BB-301 Clinical Development Program at the Oculopharyngeal Muscular Dystrophy (OPMD) International Conference in Tel Aviv, Israel, on Tuesday, May 16th, 2023 at 12:50 pm Israel Daylight Time.
“We are excited to have the opportunity to meet with global clinical researchers specializing in the management of OPMD to review our clinical development plan and to provide updates regarding the clinical and regulatory progress,” said Jerel A. Banks, M.D., Ph.D., Executive Chairman and Chief Executive Officer of Benitec. “Enrollment of OPMD subjects into the Natural History Study at the U.S. clinical trial site is proceeding at a rapid pace, with 9 subjects enrolled to date. The current pace of enrollment supports our central clinical development goals of administering BB-301 to OPMD subjects in 2H2023 and disclosing interim safety and efficacy data in 2H2023 for one or more subjects that have received BB-301.”
Presentation Details
Title: A silence and replace AAV-based vector for the treatment of OPMD
Date: May 16th, 2023
Time: 12:50 – 1:05 PM IDT (5:50 – 6:05 AM ET)
Session Location: Hall Alon, Beautiful Israel Complex, Tel Aviv, Israel
About Benitec Biopharma Inc.
Benitec Biopharma Inc. (“Benitec” or the “Company”) is a development-stage biotechnology company focused on the advancement of novel genetic medicines with headquarters in Hayward, California. The proprietary platform, called DNA-directed RNA interference, or ddRNAi, combines RNA interference, or RNAi, with gene therapy to create medicines that facilitate sustained silencing of disease-causing genes following a single administration. The Company is developing ddRNAi-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 commercialize its product candidates, the timing of the initiation and completion of pre-clinical and clinical trials, the timing of patient enrolment 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, potential future out-licenses and collaborations, the intellectual property position and the ability to procure additional sources of financing, 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 current COVID-19 pandemic, the disease caused by the SARS-CoV-2 virus, which may adversely impact the Company's business and pre-clinical and future 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:
VP, Solebury Strategic Communications

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Frequently Asked Questions

What is Benitec Biopharma focused on?

Benitec Biopharma specializes in developing novel genetic medicines using its ddRNAi platform.

When will Benitec present at the OPMD conference?

Benitec's presentation is scheduled for May 16, 2023, at 12:50 PM IDT.

What is the goal of BB-301 in the OPMD study?

BB-301 aims to treat OPMD subjects and report interim safety data in 2H2023.

Where is Benitec Biopharma headquartered?

Benitec Biopharma is headquartered in Hayward, California.

What does the ddRNAi platform do?

The ddRNAi platform enables sustained silencing of disease-causing genes through gene therapy.

Last updated: May 8, 2023