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Benitec Biopharma lost $12.9 million last quarter and shared updates on its BB-301 gene therapy, showing a 100% response rate.

ResultsRead the original at quantisnow.com
Good for BNTC

BB-301 showed a 100% responder rate in Cohorts 1 and 2, with no serious side effects reported. The loss grew to $12.9 million from $9.0 million, but the treatment results and $176.5 million cash balance make the update favorable for Benitec.

BNTC · Benitec Biopharma

AI read · Good for BNTC

The AI's read

The treatment findings are the clearest positive sign because every patient in the 2 reported groups responded, and no serious side effects have been seen so far. The larger loss is a concern, but the cash balance gives Benitec funds to keep working on the treatment.

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