Benitec Biopharma Inc
NASDAQ:BNTC

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Benitec Biopharma Inc Logo
Benitec Biopharma Inc
NASDAQ:BNTC
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Price: 11.68 USD -0.26% Market Closed
Market Cap: 395.5m USD

Benitec Biopharma Inc
Investor Relations

Benitec Biopharma, Inc. is a development-stage biotechnology company, which focuses on the advancement of novel genetic medicines. The company is headquartered in Hayward, California and currently employs 14 full-time employees. The company went IPO on 2012-07-11. The firm is focused on developing a therapeutic technology platform that combines ribonucleic acid (RNA) interference with gene therapy for the goal of silencing disease-causing genes from a single administration. The firm's technology, deoxyribonucleic acid (DNA)-directed RNA interference (ddRNAi), is used to develop product candidates in chronic and life-threatening human disease areas including orphan disease and infectious disease. Its pipeline includes BB-301, and BB-103. The firm's lead product candidate, BB-301, is used for the treatment of Oculopharyngeal Muscular Dystrophy (OPMD). Its BB-103 pipeline product is being developed for the treatment of chronic hepatitis B Virus infection.

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Last Earnings Call
Fiscal Period
Q3 2018
Call Date
Jun 1, 2018
AI Summary
Q3 2018

Program Progress: Benitec advanced its oncology and OPMD gene therapy programs, with a Phase 2 oncology study now active and OPMD clinical entry targeted for early 2019.

Capital Raised: The company raised $8.8 million through an entitlement offer and placement, with strong support from major shareholders.

Financials: Benitec reported a net loss of $8.6 million for Q3 2018, wider than the $3.1 million loss in Q3 2017, mainly due to reduced R&D grant income.

Cash Position: Cash on hand at the end of March 2018 was $10.5 million, down $6.8 million from June 2017.

Regulatory Momentum: Positive feedback from regulators in key countries supports the clinical advancement of BB-301 for OPMD.

Manufacturing Advances: Significant progress in scalable manufacturing for gene therapy products, with clinical-grade material production ramping up.

Key Financials
Net Loss
$8.6 million
Cash on Hand
$10.5 million
Operating Cash Outflow
$11.2 million
Capital Raised
$8.8 million
Entitlement Offer Raised
$6.2 million
Institutional Placement Raised
$2.6 million
Shares Issued
36 million
Shareholder Participation Rate
35% of total entitlements
R&D Grant Cash Received
$4.1 million
Earnings Call Recording
Other Earnings Calls
2018

Management

Dr. Jerel A. Banks M.D., Ph.D.
Executive Chairman & CEO
No Bio Available
Ms. Megan Joan Boston B.Com., C.A.
Executive Director
No Bio Available
Dr. Michael Graham
Head of Discovery & Founding Scientist
No Bio Available
Dr. Claudia Kloth Ph.D.
Senior Vice President of Manufacturing
No Bio Available

Contacts

Address
CALIFORNIA
Hayward
3940 Trust Way
Contacts
+15107800819.0
benitec.com