Can Fite BioPharma Ltd (CANF)

[midastouch017]

Can-Fite to Conduct Meetings at the BIO-Europe Spring Conference with Pharma Companies Interested in Licensing and Distributing Piclidenoson and Namodenoson

https://finance.yahoo.com/news/fite-conduct-meetings-bio-europe-110000647.html

Some regional deals have been already signed and include upfront money, regulatory & sales milestones, and double digit royalties

PETACH TIKVA, Israel, March 16, 2023--(BUSINESS WIRE)--Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biotechnology company with a pipeline of proprietary small molecule drugs that address cancer, liver and inflammatory diseases, announced today that Dr. Sari Fishman, the Company’s Vice President of Business Development, will participate in the BIO-Europe Spring® partnering conference in Basel, Switzerland from March 20 to 22, 2023. Dr. Fishman will conduct one-on-one meetings with a substantial number of potential partners interested in licensing and distribution arrangements for Can-Fite’s advanced-stage drug candidates Piclidenoson and Namodenoson.

Piclidenoson is headed into a pivotal Phase III trial following a successful Phase III which met its primary endpoint. Namodenoson is currently being evaluated in a Phase IIb study for the treatment of NASH after its successful Phase II and a pivotal Phase III study in liver cancer. Both are oral drugs with excellent safety profiles.

"Can-Fite’s strategy of out-licensing by specific indication and territory is an effective strategy to accelerate the distribution of our drugs upon approval, getting treatments to patients who need them," Dr. Fishman, Can-Fite’s VP of Business Development stated. "We are building upon distribution arrangements we already have in place in territories including Europe, Asia, and Canada. As our pipeline advances, we expect the value of our partnership agreements to continue to grow and be a source of non-dilutive funding and revenue."