Benitec acquires Avocel to spotlight rapid advancement of hepatitis C therapeutics Benitec Ltd.

Benitec acquires Avocel to spotlight rapid advancement of hepatitis C therapeutics Benitec Ltd www.levitra-danmark.net . Announced the acquisition of Avocel today, Inc. Of Sunnyvale, CA, a respected RNAi therapeutics business, and the establishment of its wholly-possessed US subsidiary, Benitec, Inc. Through the acquisition, Benitec benefits its first in-home advanced therapeutic development system using DNA-directed RNAi to focus on the Hepatitis C virus , the most typical blood-borne infection in america. Benitec anticipates a ddRNAi-structured therapeutic for HCV will enter the clinic in 2005. Under the conditions of the contract, Benitec shall concern 7.6m shares to Avocel, representing approximately 9 percent of the enlarged talk about capital of Benitec Ltd.

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