BENITEC BIOPHARMA (BNTC) Posts $45.5M Annual Loss, Eyes Pivotal BB-301 Trial in 2027

The gene therapy developer closed fiscal 2026 with $180 million in cash, a fully enrolled high-dose cohort and FDA talks on a pivotal study design.

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Benitec Biopharma is developing the gene therapy BB-301 for swallowing problems caused by oculopharyngeal muscular dystrophy.

Benitec Biopharma (BNTC) reported results for the fiscal year ended June 30, 2026, posting a net loss attributable to shareholders of $45.5 million, or $0.98 per basic and diluted share, against a loss of $37.9 million, or $1.05 per share, a year earlier. The Hayward, California company also said all six patients in the low-dose cohort of its BB-301 gene therapy have completed 12 months of follow-up and that the high-dose cohort is fully enrolled, with a pivotal trial planned for mid-2027.