Can-Fite Provides Update on Key Milestones for 2014
Tuesday 18 February 2014
PETACH TIKVA, Israel, Feb. 18, 2014 /PRNewswire/ -- Can-Fite BioPharma Ltd. (TASE: CFBI), (NYSE MKT: CANF), a biotechnology company with a pipeline of proprietary small molecule drugs that address inflammatory and cancer diseases, today announced the Company's development plan for 2014.
Following a productive 2013, Can-Fite plans to continue its positive momentum in 2014 with further advancement of its drug portfolio, which it believes will translate into growth catalysts poised to drive Can-Fite's core business. The below milestones provide a preview of the Company's 2014 objectives, especially surrounding the delivery of key clinical data.
Key Milestones for 2014:
CF101
Finalize enrollment of patients in the Phase II/III Psoriasis study in follow up to the positive interim results released earlier (Q1/Q2)
Deliver Phase II/III Psoriasis study data by the end of 2014
Plan the Phase III Rheumatoid Arthritis study protocol following the release of positive Phase II study results ( Q1/Q2)
Announce interim analysis results of the Phase II Glaucoma study in Q3
CF102
Initiate patient enrollment for a global Phase II Liver Cancer study, following positive final results of the Phase I/II study in Liver Cancer (Q2/Q3)
Biomarker
Finalize biomarker kit for A3 receptor to predict patients' response prior to treatment with the drugs as part of Can-Fite's personalized medicine approach that the Company was founded on - Out-licensing expected to commence in Q4
Can-Fite's leading proprietary compounds, CF101 and CF102, are centered on multi-billion dollar market opportunities. According to GlobalData, the psoriasis drug market is forecasted to grow from $3.6 billion in 2010 to $6.7 billion by 2018 while the rheumatoid arthritis drug market is expected to grow from $12 billion in 2010 to $18 billion by 2020 according to Datamonitor. Global Industry Analysts also projects that the global liver cancer drugs market will exceed $2 billion by 2015 and the glaucoma market to top $3 billion by 2018.
Dr. Pnina Fishman, Chief Executive Officer of Can-Fite, commented, "As we delve deeper into a new year, we are very excited to provide our key milestones for 2014 to our shareholders and stakeholders. With our established partnerships and ongoing clinical studies well underway for 2014, we remain committed to developing the most innovative, effective and safe drugs to treat debilitating diseases such as rheumatoid arthritis and liver cancer. We have started 2014 strong and believe that it will end even stronger as we seek to deliver on our clinical study objectives."
