FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Can-Fite BioPharma Shares Surge Following Exclusive Distribution Agreement with Ewopharma”
Can-Fite BioPharma (NYSE: CANF) surged over 103% in premarket trading after announcing an exclusive distribution agreement with Switzerland-based Ewopharma for Piclidenoson and Namodenoson.
Under the agreement, Ewopharma gains the right to market and sell Piclidenoson in Central Eastern European countries and Namodenoson in Central Eastern European countries as well as Switzerland.
Can-Fite BioPharma Ltd. is an advanced clinical stage drug development Company with a platform technology that is designed to address multi-billion dollar markets in the treatment of cancer, liver, inflammatory disease and COVID-19. The Company’s lead drug candidate, Piclidenoson, is currently in a Phase III trial for psoriasis and a Phase II study in the treatment of moderate COVID-19. Can-Fite’s liver drug, Namodenoson, is headed into a Phase III trial for hepatocellular carcinoma (HCC), the most common form of liver cancer, and successfully achieved its primary endpoint in a Phase II trial for the treatment of non-alcoholic steatohepatitis (NASH). Namodenoson has been granted Orphan Drug Designation in the U.S. and Europe and Fast Track Designation as a second line treatment for HCC by the U.S. Food and Drug Administration. Namodenoson has also shown proof of concept to potentially treat other cancers including colon, prostate, and melanoma. CF602, the Company’s third drug candidate, has shown efficacy in the treatment of erectile dysfunction.
For more information, please visit: Can-Fite BioPharma Ltd.
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