Benitec trading volume, page-94

Fast tracking only applies to the approval process. The pre-trial, P1/ll, Pll and Plll trials will take years to conclude. The FDA will allow some leniency if the Pll trial goes really well but not enough to reduce the whole process to less than two years. Furthermore, we don't have the funds to complete this process so a capital raising will be required at some time. The bottom-line is we are a long way away from having any commercial drug on the market. Not only that, we could still be years away from being attractive enough to see a partner chip in. We need some new IP and quickly.