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BNTC: MONSTER thanks for the heads-up on this one!!! (Tossing some bucks at it right now, Dude!! Almost forget about it!!)
BNTC: $68 price target, by a number of stock prognosticators; the MYSTERY PLAY of the DAY, & for weeks ahead.
https://beststocks.com/title-trading-opportunities-and-consideration/
wish i had picked this up this morning, wow, what a run!
$BNTC - Receives FDA Clearance of the IND for BB-301 for the Treatment of Oculopharyngeal Muscular Dystrophy| 06/26/2023
Up 8.3% Pre-Market/ Current Price $0.21
30k @ .23, nice pps for any term hold
This is about to reverse on shorts. I covered my short here.. way too risky. Going in long now for $1-2 ez money
paper trading doesn't count!
NEWS
Benitec Biopharma Receives FDA Clearance of the IND for BB-301 for the Treatment of Oculopharyngeal Muscular Dystrophy
Dosing of the first subject with BB-301 is expected in the second half of 2023, following the rollover of subjects currently enrolled in the ongoing Natural History (NH) study
HAYWARD, Calif., June 26, 2023 (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 DNA-directed RNA interference ("ddRNAi") platform, today announced the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application for BB-301, its silence and replace gene therapy for the treatment of Oculopharyngeal Muscular Dystrophy-related Dysphagia.
Oculopharyngeal Muscular Dystrophy (OPMD) is a chronic, life-threatening genetic disorder affecting approximately 15,000 patients in the United States, Canada, Western Europe, and Israel. OPMD patients lose the ability to swallow liquids and solids, resulting in chronic malnutrition, aspiration, and fatal episodes of aspiration pneumonia. Currently, there are no approved therapeutic agents for the treatment of OPMD.
“The FDA’s clearance of our IND for BB-301 is a significant milestone for OPMD patients and for Benitec as a Company,” said Jerel A. Banks, M.D., Ph.D., Executive Chairman and Chief Executive Officer of Benitec. “The clearance of BB-301 for clinical use represents the first potential treatment for these frequently debilitating and possibly fatal symptoms of OPMD.”
Subjects from Benitec’s ongoing NH study will be eligible for rollover onto the Phase 1b/2a clinical study of BB-301 for the treatment of OPMD-related Dysphagia after 6 months of baseline data collection. Following a 1-day dosing procedure for BB-301, each study subject will be evaluated for the same radiographic and clinical outcome measures as were evaluated during the NH study, including quantitative radiographic swallowing studies to facilitate objective assessments of swallowing safety, swallowing efficiency, and functional performance of the pharyngeal muscles underlying the OPMD-related Dysphagia. Currently, there are 13 subjects enrolled into the NH study, with each subject having the potential to rollover onto the Phase 1b/2a clinical dosing study for BB-301. Interim safety and efficacy data is expected to become available from the BB-301 Phase 1b/2a study approximately every 90 days following the dosing of each subject.
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 BB-301’s silence and replace strategy 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 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 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, 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 COVID-19, 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:
William Windham
VP, Solebury Strategic Communications
Phone: 646-378-2946
Email: wwindham@soleburystrat.com
https://www.globenewswire.com/newsroom/ti?nf=ODg2Mzk0MiM1NjYzMjYxIzIyNTEwNzE=
https://ml.globenewswire.com/media/NTk5YjFkNjEtMDE1Yy00N2ZmLWE5NzgtODQ2NjgzNzhkZjNhLTEyNjI2MjQ=/tiny/Benitec-Biopharma-Inc-.png
Source: Benitec Biopharma Inc.
© 2023 GlobeNewswire, Inc.
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BNTC received a strong buy rating from 2 analyst:
https://www.nasdaq.com/market-activity/stocks/bntc/analyst-research
Quite a few tutes own it:
https://finance.yahoo.com/quote/BNTC/holders?p=BNTC
so....why is it still floundering in the toilet @$.20 especially with IND slotted for April? What gives?
nobody on ihub cares unless its spoonfed to them. one look at the weekly tells a story. what happened at the end of 2002
Glad I bought.2297,it’s going crazy in after mkt ,nhod
Last 5 years,They let it run,1X per year(around this date),with it moving 5%on just a few $hundred,this might be it, worth a swing to see for me
8Xs ave volume,buyout coming?something is coming!!
Has until September 5th to regain compliance
BNTC $4.25 Its Ready Chart —-> https://stockcharts.com/h-sc/ui?s=bntc
Breakout Watch Tomorrow $$$
ANY NEWS?
Joebotts, here's a fascinating fact. Unlike Regen, Benitec actually has a real life management team with a real life CEO and real life pipeline along with many real employees. BNTC is not a ghost company like Regen.
I'll educate you, yet again. There is no longer a connection. Regen licensed $BNTC's gene silencing tech but like everything Regen does, it squandered it.
A simple google search would have given you your answer. https://www.biospace.com/article/releases/regen-biopharma-licenses-cancer-gene-silencing-technology-from-benitec-inc-/
You are welcome, yet again.
* * $BNTC Video Chart 03-23-2021 * *
Link to Video - click here to watch the technical chart video
Great news...and the insiders are dumping.
Benitec is engaged in providing gene silencing therapies, combining RNA interference with gene therapy.
Why Benitec Biopharma (BNTC) Stock Is Skyrocketing Today
5:20 am ET March 23, 2021 (Benzinga) Print
The shares of Benitec Biopharma Inc (NASDAQ: BNTC) are trading 92.5% higher at $6.14 in the early pre-market session on Tuesday.
What Happened: Benitec shares had closed at $3.19 on Monday.
The surge follows Morgan Stanley (NYSE: MS) disclosing in a filing with the U.S. Securities and Exchange Commission after the markets closed on Monday that it had increased its stake by about 5.2% in the Australian biotechnology company.
Morgan Stanley disclosed in the 13G filing it now owned 249,174 shares in Benitec, compared to about 13,100 earlier.
Benitec is engaged in providing gene silencing therapies, combining RNA interference with gene therapy.
$BNTC is screaming for the top after a Schedule 13D filing with the SEC showed that Morgan Stanley has taken a large stake. https://cnafinance.com/bntc-stock-benitic-biopharma-attracts-morgan-stanley/
Yes sir. I posted this morning and this company is legit!!
$BNTC: Party not over yet............. we're going to $30
Still only here at $15.48
You haven't seen nothing yet
GO $BNTC
2019 Annual Report (prior to redomicile) shows just under 300 mil O/S with no increases over the last 3 years.
Redomiciled into the U.S. Markets at at 300-2 ratio stock swap, leaving just under 2 mil O/S (which coincides with what some platforms show (1.6 mil)).
Company has $22 mil in the bank and another $5 mil in assets. In addition, they have enough cash on hand to run 3.5 years at the current cash rate which allows for continued operations with no dilution in the foreseeable future.
Company also has many drug in the pipeline with an Oncology drug in Phase 3.
Now why would a company move to the U.S. and deal with the FDA instead of staying somewhere less stringent? I think some VERY big things coming with this fish.
Looks like the early birds here caught the worm of a big pharma in the making. Watch the wires close on this one. They may need to forward split to gain liquidity with only 2 mil O/S and that will make many here holding shares now very wealthy. Storing these shares away myself. GLTY
* * $BNTC Video Chart 04-20-2020 * *
Link to Video - click here to watch the technical chart video
Have a great day
Thank you so much
I appreciate your time and help!!
You deserve more than flowers lady boss
1k account is 10x
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Benitec Biopharma’s pipeline of in-house and partnered programs to develop therapeutics for chronic and life-threatening conditions is based on our proprietary technology, DNA-directed RNA(ddRNAi). View our out-licensed programs
Due to its demonstrated ability to effect long-lasting gene silencing, once proven in human trials, ddRNAi technology has significant potential to treat or cure a broad range of human diseases and conditions. These include cancers, neurological diseases, infectious diseases, autoimmune diseases, genetic diseases and other afflictions that are associated with the expression of a small number of key genes.
Our in-house pipeline is summarized below, In-house pipeline
. View our out-licensed programs Out-licensed programs Successful development of therapeutic products in just one of these programs would be a major breakthrough in medical therapy.
Tacere Therapeutics develops human therapeutics based on RNA interference (RNAi) and ddRNAi gene-silencing technology from Benitec Biopharma. Using this approach, the drugs we create promise long term treatment or cure with a single dose.
We target human diseases for which there is currently no effective treatment. Our pipeline includes drugs for Hepatitis C and Age-Related Macular Degeneration.
Tacere Therapeutics is a Benitec Biopharma company.
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