Complex sentence: Benitec Biopharma is an Australian biotechnology company founded in 1997, developing novel treatments for chronic and life-threatening conditions based on a transformational gene silencing technology, DNA-direct RNA interference (ddRNAi).
Split into simpler sentences: Benitec Biopharma is an Australian biotechnology company founded in 1997. It is engaged in the development of gene-silencing therapies for the treatment of chronic and life-threatening diseases, through implementation of its proprietary technology, DNA-direct RNA interference (ddRNAi).