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Stock impact report

Citizens Lifts Benitec Biopharma Inc. (BNTC) Price Target on Topline Results for Oculopharyngeal Muscular Dystrophy Treatment [Yahoo! Finance]

Benitec Biopharma Inc. (BNTC) 
US:NASDAQ Investor Relations: benitec.com/for-investors/investor-faqs
Company Research Source: Yahoo! Finance
raised the stock's price target to $22 from $20 while reiterating an Outperform rating. The price target hike follows topline clinical data results that showed a 100% response rate for BB-301 in Phase 1b/2a of the treatment for Oculopharyngeal Muscular Dystrophy (OPMD), a rare genetic muscle-wasting disease. Citizens Lifts Benitec Biopharma Inc. (BNTC) Price Target on Topline Results for Oculopharyngeal Muscular Dystrophy Treatment The US Food and Drug Administration has already granted the company Fast Track designation for the gene therapy following the positive interim results. In the trials, the treatment successfully reduced swallowing difficulties in patients and shortened the time required to consume liquids. “We are excited by the profound effect that BB-301 can potentially have on this progressive disease as demonstrated by the interim clinical trial results for Cohort 1, where 100% of patients were responders” said Jerel A. Banks, M.D., Ph.D., Executive Chairman and Ch Show less Read more
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