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BLT - Benitec Biopharma

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Re: BLT - Benitec Limited

My guess is that someone knows something we don't know and its a very good sign for us who hold BLT. Or that person buying oppies above 7c is a total idiot. I bought my BLT shares for .07 cents so I am not sweating it.


exberliner1 said:
The oppies strike price is 32......so why were people buying oppies yesterday above 7c......including one big 750k purchase above 7....

I bought and sold in the recent spike....anyone know why someone thinks the oppies are worth such a big investment so far out of the money.

EB
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Re: BLT - Benitec Limited

I hope you made a substantial amount of money. It was certainly possible that day it all went unbelievably 'up up up up'. I didn't sell and I would have made a lot of money if I had, but I am not in the habit of selling but maybe I should change that. mmmmm... i missed out on funding a good holiday ;-)


CanOz said:
I liked BLT too, for the twenty or so minutes that i had it. :D
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Re: BLT - Benitec Limited

Article on web today, but cannot view it all only the intro. I subscribed to the site for a month's free trial but it did not seem to work and I did not get to read the whole article.
*******************************************
"Benitec protecting its patents

Kayt Davies
Thursday, 1 February 2007

BENITEC chief executive Sue MacLeman sounded resigned and slightly peeved yesterday talking about the latest turn of the bureaucratic wheel in the processing of Nucleonics Inc's dispute over Benitec's intellectual property. "
 
Re: BLT - Benitec Limited

Kayt Davies
Thursday, 1 February 2007 - THE FULL ARTICLE

BENITEC chief executive Sue MacLeman sounded resigned and slightly peeved yesterday talking about the latest turn of the bureaucratic wheel in the processing of Nucleonics Inc's dispute over Benitec's intellectual property.


Sue MacLeman

Benitec announced to the ASX yesterday that it had received communication from the US Patent and Trademarks Office (USPTO) with regards to the ongoing patent re-examination of gene silencing patent number 657 3099.

It said: "The notification is a non-final rejection of some of the claims of this patent and is part of the re-examination process."

The patent re-examination was requested in October 2004 and now that the notice has been given, Benitec and CSIRO have two months to respond to the issues.

Benitec's announcement made mention of "vigorously defending the claims of this patent" and MacLeman herself seemed resolute.

She said: "The announcement from USPTO was not unexpected. It's just part of the process. The patents were granted in several jurisdictions and so this process is happening independently in each of them.

"At the end of 2005 we went through the same process with the Australian patent, we had two months to respond and we did and then the patent was re-issued."

Did it at least serve to freshen up the patent and extend its life?

Sadly, no – for Benitec it just took a lot of time and effort that could have been devoted to something else.

So how important is this patent to Benitec?

MacLeman was emphatic: "Very important. It's our key original patent that underlies our RNAi technology."

This is the technology behind its HIV-therapeutic being co-developed with the Center for Biomedicine & Genetics in Los Angeles and set to enter a Phase 1 clinical trial in the next few months.

It's also the technology that Pfizer bought into a few weeks ago when Sigma-Aldrich, one of Benitec's licensee companies, granted the giant pharmaceutical company a worldwide, non-exclusive research licence.

The commercial research licence allows Pfizer to use Benitec's RNAi technology in human research; however, if Pfizer decides to develop a human therapeutic from the research it will then have to apply directly to Benitec. When the Pfizer deal was announced MacLeman said it was very good news for the company.

Did Pfizer know at the time about Nucleonics' challenge to the patents?

MacLeman said: "This matter has been on the public record for years. They knew about it and chose to get involved with us anyway."
 
Re: BLT - Benitec Limited

Thanks for that. As I've been saying for a while - the Patent issues really are old news and it's amusing how many people have gotten cold feet so quickly. I guess that highlights how uneducated all the new blood was in the market for BLT. Nucleonics put out a release about how confident they were with the recent findings. Buggers. This doesn't help with market confidence with BLT.

Depending on your risk profile BLT is looking a lot more like a fair punt again.

I've been trying to decide what price to accumulate more stock at. I'll keep watching the indicators for an upturn and make a decision then.
 
Re: BLT - Benitec Limited

Benitec Update:

Reexamination

Nucleonics initiated a third party Reexamination at the U.S. Patent and Trademark Office (“USPTO”) on October 4, 2004, providing the USPTO with art it asserted invalidated U.S. Patent No. 6,573,099 (“099 Patent”). The USPTO rejected the claims based on the provided art. Benitec successfully overcame the references, and the USPTO withdrew all rejections but instituted new rejections on additional art it had uncovered. Benitec then filed a response, which it believed overcame the rejections of Record.

Nucleonics then requested a second Reexamination, adding art it asserted invalidated the ‘099 Patent. The USPTO merged the two Reexaminations and recently sent out an Office Action. The USPTO withdrew most of the earlier rejections it made, modified other rejections, and added rejections based on the art Nucleonics provided in its second Reexamination request.

Benitec has reviewed this new art and believes it does not raise any issues that would preclude patentability of the invention disclosed in the ‘099 Patent. Benitec also believes it has strong arguments for overcoming the art of record. Benitec plans to respond to the rejections found in the merged Reexaminations on or before the Response due date of March 24, 2007.


Litigation

On September 29, 2005 the Delaware District Court granted Benitec’s motion to dismiss the Benitec v. Nucleonics litigation based on the Supreme Court’s Merk v. Integra decision. Nucleonics appealed the District Court decision to the Court of Appeals for the Federal Circuit. The appeal will decide whether the District Court has jurisdiction to permit the Benitec v. Nucleonics litigation to continue to be prosecuted in view of the Merk v. Integra decision holding that the safe harbor provision of 35 U.S.C. §271(e) broadly protects research and development work activities used to support activities submitted to the FDA. After briefing, on December 6, 2006 the Federal Circuit heard oral argument on the appeal.

On January 7, 2007, the Supreme Court issued a decision in MedImmune v. Genentech, which addressed the question of whether a license holder could file suit against a licensor without breaching the license first. The Federal Circuit has requested Nucleonics and Benitec to provide supplemental briefing on what effect, if any, the Supreme Court’s decision in the MedImmune case has on Nucleonics’ Appeal. Benitec is presently awaiting the Nucleonics’ briefing on the matter. At present, Benitec believes the recent Supreme Court case does not affect the District Court’s determination that the case should be dismissed and Benitec intends to respond accordingly.
 
Re: BLT - Benitec Limited

I was one of the uneducated when I invested in Benitec last November. I don't have the cold feet yet, but am hot for searching for all the info possible to make an educated decision about whether to sell or not at this stage. They say (not sure who 'they' is though) that the market is always right.

britishcarfreak said:
Thanks for that. As I've been saying for a while - the Patent issues really are old news and it's amusing how many people have gotten cold feet so quickly. I guess that highlights how uneducated all the new blood was in the market for BLT. Nucleonics put out a release about how confident they were with the recent findings. Buggers. This doesn't help with market confidence with BLT.

Depending on your risk profile BLT is looking a lot more like a fair punt again.

I've been trying to decide what price to accumulate more stock at. I'll keep watching the indicators for an upturn and make a decision then.
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Re: BLT - Benitec Limited

is this a case of wait for the court date decision. get in just before, banking on the decision that it goes in BLT's favour and then straight back up to 20 cents?
 
Re: BLT - Benitec Limited

Ken said:
is this a case of wait for the court date decision. get in just before, banking on the decision that it goes in BLT's favour and then straight back up to 20 cents?
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:confused: The SP will take a hammering (as it is now) and may be very tough going up until a decision even if it does happen in March.. The court action on the patent is driving the market price at the moment but what will happen when the medical trials/tests start? I think this is the more important question at the moment as this will divert attention to something good rather than risk. Compare this to the Phizer announcement and it should be chaos with all the new eyes watching this stock

From what I can tell these trials keep getting delayed again and again and I don't know if they'll ever happen. I live in hope... but I don't like to invest with hope!

Maybe we should divert some of our research attention to the upside prospects such as medical trial dates and licensing deals etc.
 
Re: BLT - Benitec Limited

Roll the dice boys...or be in the courtroom with a mobile phone....lol
 
Re: BLT - Benitec Limited

Roll the lawyers boys, is more to the point - lawyers have a more angles than dice.

pacer said:
Roll the dice boys...or be in the courtroom with a mobile phone....lol
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Re: BLT - Benitec Limited

I have reason to believe that the HIV Lymphoma trials announcement is coming out real soon. I can't guarantee it - I just read it on another forum. If this is right then the stock looks real cheap at present. It's taken an absolute hammering again this morning.
 
Re: BLT - Benitec Limited

Read my post #146 above provided to me by Benitec's CEO the other day and identical to today's announcement. There is still plenty of risk involved, but the higher the risk the higher the reward and the reverse applies too.

powerkoala said:
:D got announcement now
wow
BLT fight back....
this is good news
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Re: BLT - Benitec Limited

Jumped from 10C to 18C on the update that was posted.
What will it do if we get a positive response in March?
Interesting!
 
Re: BLT - Benitec Limited

Techbuy said:
Jumped from 10C to 18C on the update that was posted.
What will it do if we get a positive response in March?
Interesting!
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More to the point (well presently anyway)... what's going to happen when the trial announcement comes out which I am led to believe has been filed for release?
 
Re: BLT - Benitec Limited

I was almost going to sell today even though I had prior notice of the news which was announced today. Its not really great news but its something and it sure had the market hopping over it. So yeah, i can imagine in March if there is really substantial good news, but we don't know..

Techbuy said:
Jumped from 10C to 18C on the update that was posted.
What will it do if we get a positive response in March?
Interesting!
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Re: BLT - Benitec Limited

vida said:
I was almost going to sell today even though I had prior notice of the news which was announced today. Its not really great news but its something and it sure had the market hopping over it. So yeah, i can imagine in March if there is really substantial good news, but we don't know..
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I guess thats why we hang on when a stop loss says get out.. Will it? I know it wil go up??? Hang on a bit more... We all do it even when the teachings say get out. :banghead:
 
Re: BLT - Benitec Limited

vida said:
I was almost going to sell today even though I had prior notice of the news which was announced today. Its not really great news but its something and it sure had the market hopping over it. So yeah, i can imagine in March if there is really substantial good news, but we don't know..
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I do not want to keep harping on negatives as this is non-productive. The issues raised in this mornings PR point out the problems that are taking place both in the US and Europe concerning the registration of patents and challenges concerning "prior art" this is a legal minefield that mere mortals have absolutely no way of interpreting and understanding. Better to buy some U stocks, they are poopping like champagne corks. Just follow the crowd in this raging bull market.
 
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