BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Research Report on Benitec, Inc. (BLT.AX) Released


3/24/2011 9:51:40 AM

24 March 2011, Melbourne, Australia: Benitec Limited (ASX:BLT), a world leader in RNA-based gene silencing for human therapeutics, is pleased to announce that New York-based independent equity research firm Viriathus Research LLC has published a comprehensive Overview Report on the Company.

The report reflects the significant changes at Benitec over the past nine months, in particular the positive outcome from the United States Patent and Trademark Office (USPTO) with regards to Benitec’s foundational Graham patent for the silencing of genes using DNA-directed RNA interference (ddRNAi) technology.

With Benitec’s dominant worldwide intellectual property position in the application of ddRNAi for human therapeutics confirmed, the report reviews the commercial potential for Benitec’s technology and its four in-house and two out-licensed programs in pre-clinical and clinical development, one of which is partnered by Benitec’s licensee with global pharmaceutical company Pfizer. These programs are focused on addressing chronic and life-threatening medical conditions with high unmet need, and an achievable route to market.

The report concludes that, “The Company’s DNA-directed RNA interference (ddRNAi) technology platform is broadly applicable to any human disease or health condition that is fundamentally associated with an identified specific gene target. Therefore, the technology has the potential to revolutionize drug development and the healthcare industry.”

The research report is available at the Company’s website www.benitec.com or at http://www.viriathus.com.

About Benitec www.benitec.com

Benitec Limited is developing new novel treatments for chronic and life-threatening conditions based on a transformational technology, DNA-directed RNA interference (ddRNAi) - sometimes called expressed RNAi. The technology’s potential to address unmet medical needs and, potentially, to cure disease results from the demonstrated ability to permanently silence genes which cause the condition.

Benitec now either owns or exclusively licences from CSIRO more than 40 granted or allowed patents in the field of RNA interference for human therapeutic applications. Patents have been granted in key territories such as the USA, the UK, Japan, Europe, Canada and Australia. In addition, Benitec has almost 50 patent applications pending for which it is the owner or exclusive licensee from CSIRO, and has further intellectual property under development as a result of its pipeline development program.

Benitec is headquartered in Melbourne, Australia and trades on the Australian stock exchange under the symbol “BLT”. The Company was founded in 1997 and has been publicly held since 2001. The Company aims to deliver a range of novel ddRNAi-based therapeutics to the clinic in partnership with the pharmaceutical industry. In-house it is pursuing a focused R&D strategy in infectious diseases, cancer and chronic cancer-associated pain, as well as programs with licensees that have advanced to pre-clinical and/or clinical trials.

About Viriathus Research www.viriathus.com

Viriathus Research LLC is a quality-leading New York-based independent equity research company that provides insightful, in-depth research coverage and informational reports to emerging growth companies worldwide and the institutions that invest in them.

Viriathus Research LLC received $25,000 from Benitec in return for report authoring and distribution services.

For Further Information

Media enquiries: College Hill Life Sciences Sue Charles (Global/Australia) Daniel Gooch (Europe) Tel: +44 (0)20 7866 7866

Rebecca Skye Dietrich (US) Tel: +1 (857) 241 0795

At the company:

Dr Peter French Chief Executive Officer Tel: +61 (0)412 457 595 benitec@collegehill.com

pfrench@benitec.com



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES