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Benitec Biopharma Q1 net loss widens on higher R&D costs

By Reuters News


Overview

  • US biotech firm's fiscal Q1 net loss widened yr/yr as R&D expenses increased

  • Company ended Q1 with $176 mln in cash and cash equivalents

  • Benitec to change fiscal year-end to December 31 from June 30


Outlook

  • Company expects to confirm BB-301 pivotal study design in first calendar quarter of 2027

  • Benitec on track to begin BB-301 pivotal trial in mid-2027


Result Drivers

  • R&D SPENDING - Higher research and development expenses driven by ongoing clinical development of BB-301 for OPMD


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Loss

$12.9 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Benitec Biopharma Inc is $21.00, about 131% above its November 12 closing price of $9.09


Reuters Recommended Reads

  • Nov 12 - Serina Therapeutics Q3 net loss widens on higher R&D costs

  • Nov 12 - SELLAS Life Sciences Q3 net loss widens on higher R&D costs

  • Nov 12 - DiaMedica Therapeutics Q3 loss widens on higher R&D costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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