Citizens JMP raised the firm’s price target on Benitec Biopharma (BNTC) to $22 from $20 and keeps an Outperform rating on the shares. Benitec presented a 100% response rate for the BB-301 Phase 1b/2a study at the low dose and debuted a composite primary endpoint that sets an easily achievable bar for FDA approval, the analyst tells investors in a research note. The firm continues to be encouraged by the efficacy of BB-301 with several measures showing improvements as the patient number grows to six from three.
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