Benitec Biopharma ( (BNTC) ) has released its Q4 earnings. Here is a breakdown of the information Benitec Biopharma presented to its investors.
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Benitec Biopharma Inc. is a clinical-stage biotechnology company based in Hayward, California, specializing in the development of genetic medicines using its proprietary ‘Silence and Replace’ DNA-directed RNA interference platform. The company focuses on creating therapies for chronic and life-threatening conditions, including Oculopharyngeal Muscular Dystrophy (OPMD).
Benitec Biopharma recently released its financial results for the full year ending June 30, 2025, alongside an operational update. The company highlighted the progress in its BB-301 Phase 1b/2a Treatment Study, with interim clinical study results for Cohort 1 expected in the fourth quarter of 2025 and the enrollment of the first subject into Cohort 2 anticipated in the same period.
The financial report revealed a significant increase in total expenses, which amounted to $41.8 million, up from $22.5 million the previous year. This rise was largely attributed to increased research and development expenses, primarily due to the ongoing clinical development of BB-301, and a substantial increase in general and administrative expenses driven by higher share-based compensation and other operational costs. The company reported a net loss of $37.9 million, or $1.05 per share, for the year.
Despite the financial losses, Benitec Biopharma maintains a strong cash position with $97.7 million in cash and cash equivalents as of June 30, 2025. The company continues to advance its clinical programs, supported by a favorable recommendation from the Independent Data Safety Monitoring Board to proceed with the next phase of the BB-301 study.
Looking ahead, Benitec Biopharma remains committed to advancing its clinical programs and exploring the potential of its Silence and Replace platform to develop effective treatments for OPMD and other conditions. The company aims to provide further updates on its clinical progress and financial performance in the coming months.