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Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares - CANF STOCK NEWS

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Can-Fite BioPharma Ltd. (symbol: CANF) is a clinical-stage biopharmaceutical company headquartered at 10 Bareket Street, פ"ת, Israel. This biotechnology firm specializes in the development of orally bioavailable small molecule therapeutic products aimed at treating a range of conditions including cancer, liver, and inflammatory diseases.

The company leverages its proprietary platform technology, which targets the Gi protein associated A3 adenosine receptor (A3AR) to develop its therapeutic candidates. One of its leading drug candidates, Piclidenoson, is currently undergoing a Phase III clinical trial for psoriasis, indicating its advanced stage in the development pipeline.

Another significant product in Can-Fite's portfolio is Namodenoson. This drug is making strides towards addressing liver-related conditions, with a Phase III trial underway for hepatocellular carcinoma (HCC), the most common form of liver cancer. Additionally, it is in a Phase IIb trial for non-alcoholic steatohepatitis (NASH), a serious liver condition with limited treatment options.

Can-Fite BioPharma is committed to improving patient outcomes through innovative therapeutic solutions. The company collaborates with various partners and research institutions to drive its drug development programs forward. Its focus on oral therapeutics provides an added advantage of ease of administration, potentially improving patient compliance and overall treatment efficacy.

This combination of advanced clinical trials, strategic partnerships, and a focused therapeutic approach highlights Can-Fite BioPharma's role as a significant player in the biopharmaceutical industry.

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Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) reported a net loss of $14.44 million for the year ended December 31, 2020, an increase from $12.62 million in 2019. Revenues decreased to $0.76 million, down 63% from $2.03 million. Their cash position improved to $8.26 million from $2.69 million due to $17.68 million in financing activities. Can-Fite announced a $42.7 million out-licensing deal with Ewopharma and is progressing with clinical trials for drugs targeting COVID-19, psoriasis, and liver cancer.

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Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) announced an upcoming interview with CEO Dr. Pnina Fishman on The RedChip Money Report®, airing on March 20th at 7 p.m. ET. In the interview, Dr. Fishman will discuss significant milestones and the company’s proprietary drug pipeline targeting inflammatory, cancer, and liver diseases. Notably, Can-Fite's lead candidates include Piclidenoson and Namodenoson, both in advanced clinical studies. This interview aims to reach a large audience, potentially impacting investor interest.

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Can-Fite BioPharma Ltd (NYSE American: CANF, TASE: CFBI) announced positive results from a preclinical study on its drug candidate CF602 for treating erectile dysfunction (ED) in diabetic rats. The study showed that CF602, particularly at a 500 nM dose, led to significant improvements in ED compared to placebo groups (p<0.001). The market for ED therapies is projected to reach $3.2 billion by 2022, and the company sees CF602 as a valuable candidate due to its safety profile as a topical treatment. Can-Fite also has other drugs in development targeting common and severe conditions.

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Can-Fite BioPharma Ltd. (NYSE American: CANF) has signed an exclusive distribution agreement with Ewopharma for its drugs Piclidenoson and Namodenoson. The agreement includes an upfront payment of $2.25 million and potential milestone payments of up to $40.45 million, along with 17.5% royalties on net sales. Piclidenoson is aimed at treating psoriasis, while Namodenoson targets liver diseases like hepatocellular carcinoma (HCC) and NASH. This partnership offers Can-Fite immediate access to Central Eastern European markets and non-dilutive funding.

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Can-Fite BioPharma Ltd. (NYSE American: CANF) has commenced a Phase II COVID-19 study, enrolling the first of 40 patients. The study, randomized and double-blind, evaluates Piclidenoson combined with standard supportive care versus placebo in hospitalized patients with moderate to severe COVID-19. Efficacy assessments will occur at Day 29, focusing on clinical status and safety data. Piclidenoson is a first-in-class treatment with proven anti-inflammatory effects, also being tested in psoriasis trials. The company's lead drug is positioned in multi-billion dollar markets addressing cancer and liver diseases.

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Can-Fite BioPharma Ltd. (NYSE: CANF) (TASE: CFBI) announced promising results from its Phase II study of Namodenoson for advanced liver cancer, showcasing nearly 4 years of overall survival in two patients, with notable improvements in ascites and liver function. The FDA and EMA approved the pivotal Phase III trial design, which plans to enroll 450 patients. Namodenoson holds Orphan Drug Designation and Fast Track Status in the U.S. This development marks a significant step towards a New Drug Application for hepatocellular carcinoma treatment.

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Can-Fite BioPharma (NYSE American: CANF) announced the successful completion of pre-clinical studies showing that its CBD-rich T3/C15 cannabis fraction has an inhibitory effect on liver fibrosis. This condition, associated with severe liver diseases like NAFLD and HCC, involves the excessive buildup of scar tissue in the liver. The studies revealed that the therapeutic effects are mediated through the A3 adenosine receptor (A3AR). Can-Fite's drug candidate Namodenoson is progressing to pivotal Phase III trials for liver cancer and Phase IIb for NASH, with patent applications filed for cannabinoid-based therapies.

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Can-Fite BioPharma (NYSE American: CANF, TASE: CFBI) has published a webinar focusing on its drug candidate Namodenoson for treating NASH, hosted by CEO Dr. Pnina Fishman and featuring KOL Dr. Stephen Harrison. Namodenoson successfully completed a Phase II study for NAFLD/NASH, and the company is preparing a Phase IIb study. Dr. Harrison emphasized the drug's potential in treating NASH, especially in high-risk patients. Can-Fite is actively pursuing regulatory pathways for accelerated approval based on its clinical results.

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Can-Fite BioPharma Ltd (NYSE American: CANF, TASE: CFBI) announced the publication of a scientific paper on its drug Namodenoson for advanced hepatocellular carcinoma (HCC) with Child-Pugh B cirrhosis. Although the Phase II trial did not meet its primary endpoint, it showed significant survival benefits for patients with a CPB score of 7, with some patients remaining under treatment for over 3.5 years. The FDA and EMA have approved the protocol for a Phase III study. Namodenoson has received Orphan Drug and Fast Track Designation from the FDA.

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Can-Fite BioPharma Ltd (NYSE American: CANF, TASE: CFBI) has received approval from Israel's Ministry of Health to conduct pre-clinical studies on cannabinoid fractions at nanomolar concentrations. This assessment aims to explore effects on cancer, inflammatory, and fat cells, potentially minimizing the adverse effects associated with higher concentrations. Can-Fite's research will be conducted in its labs, utilizing patent-pending formulations and assays. The medical cannabis market, projected to grow at a CAGR of 29%, positions Can-Fite strategically for advancements in this emerging field.

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FAQ

What is the current stock price of Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares (CANF)?

The current stock price of Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares (CANF) is $2.094 as of November 8, 2024.

What is the market cap of Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares (CANF)?

The market cap of Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares (CANF) is approximately 13.3M.

What does Can-Fite BioPharma Ltd. specialize in?

Can-Fite BioPharma specializes in developing orally bioavailable small molecule therapeutic products for cancer, liver, and inflammatory diseases.

Where is Can-Fite BioPharma Ltd. located?

Can-Fite BioPharma Ltd. is headquartered at 10 Bareket Street, פ"ת, Israel.

What is Piclidenoson?

Piclidenoson is a drug candidate from Can-Fite BioPharma currently in Phase III clinical trials for treating psoriasis.

What is Namodenoson used for?

Namodenoson is aimed at treating liver conditions such as hepatocellular carcinoma (HCC) and non-alcoholic steatohepatitis (NASH).

What stage are the trials for Namodenoson?

Namodenoson is in a Phase III trial for HCC and a Phase IIb trial for NASH.

What is the A3 adenosine receptor (A3AR)?

The A3 adenosine receptor (A3AR) is a therapeutic target used by Can-Fite BioPharma's platform technology for drug development.

How does Can-Fite BioPharma's technology benefit patients?

Can-Fite BioPharma's technology focuses on developing oral therapeutics, which are easier to administer, potentially improving patient compliance and treatment outcomes.

What is the significance of Can-Fite BioPharma's partnerships?

Partnerships with research institutions and other entities help Can-Fite BioPharma advance its drug development programs and bring innovative therapies to market.

Is Can-Fite BioPharma listed on any stock exchange?

Yes, Can-Fite BioPharma Ltd. is listed on NASDAQ under the symbol CANF.

What is the focus of Can-Fite BioPharma's current projects?

The current focus includes advanced clinical trials for drugs treating psoriasis, hepatocellular carcinoma (HCC), and non-alcoholic steatohepatitis (NASH).

Can-Fite BioPharma Ltd. American Depositary Shares, each representing three hundred (300) Ordinary Shares

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