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Sunday, January 13, 2013 6:30:53 AM
And leaves to cover the crescent began Fite "free trades core activities"
UBS Investment Bank Investment House began covering the biomedical company with a target price of 1.47 dollars - upside of 287%
Biomed company Fite BioPharma made a nice move of nearly 30% from the low point recorded by the end of December. However, evaluating investment house UBS Investment Bank, Bank Hapoalim Group, biomed company has not said the last word. Last Thursday crescent began to cover the purchase recommendation Fite and named a price of 1.47 NIS ambitious. This is a huge upside of 287% of the base price of the stock this morning.
Can-Fite, directed by Prof. Pnina Fishman, develops drugs for cancer and inflammation. Fite's technology is based on research by Professor Fishman proven resilient in relation to muscle tissue metastases. The company trades at a market value of 95.3 million and an average daily turnover of 441 thousand dollars.
The company has two main products - the molecule-CF102 CF101 and, when first developed for inflammatory diseases (psoriasis, rheumatoid arthritis, dry eye, glaucoma, etc.) and the second developed liver disease (liver cancer and hepatitis C). Analyst estimates Liat Golan book, the molecules' advantage in the form of a safety profile that is very prominent for the better - certainly in the biological drug control today. "
The investment reached the target price of the company which "is derived from a model that evaluates the value of the activity of Fite therapy areas of rheumatoid arthritis (RA), psoriasis and liver cancer, approximately $ 63 million, plus the value of the operations of the subsidiary in the eyes Ophthalix by - 52 million. "
Apart from the aforementioned valuation, investment house indicates the activity of the subsidiary Aoftlix, owned by Fite rate of 82% and traded in the U.S. OTC market value of $ 43 million. Book Golan believes that "anyone who purchases shares today Fite get Aoftlix very significant discount ranging from 55% -41%, but more importantly - get free all core activities Fite (areas of rheumatoid arthritis, psoriasis and liver cancer)" .
The company is expected to face significant events in 2013, including post Phase II trial results for the treatment of dry eye syndrome in the last quarter of the year, post the interim results of Phase ((treatment of glaucoma toward the middle of the year and completion of registration of the ADR shares on the Nasdaq under the symbol CANFY.
Assessing Book Golan, Fite "addressing markets potential target large and attractive, such as" market treatment of rheumatoid arthritis (RA) in annual sales totaling about $ 15 billion; psoriasis 3.9 billion; glaucoma 3.9 billion; liver cancer about 235 million (why fight the status of orphan drug - FDA), and dry eye about 30 million patients worldwide. "
On the negative side, Golan book marks the clinical risk characterize the Company's operations, as well as the financing needs of the company (cash burn rate of a million per quarter, cash fund of $ 1.8 million as of September 2012), when the company will need another year process of raising capital or the exercise of some of the company's operations.
Can-Fite BioPharma
NASDAQ
Recent CANF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/10/2024 11:05:22 AM
- Can-Fite Received IRB Approval for the Treatment of Pancreatic Cancer with Namodenoson in a Phase IIa Study • Business Wire • 06/10/2024 11:00:00 AM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 06/07/2024 08:15:12 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/05/2024 11:03:54 AM
- Can-Fite Updates on its Advanced Liver Cancer Pivotal Phase 3 Study • Business Wire • 06/05/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/29/2024 11:05:26 AM
- Independent Scientists Published a Review Article Demonstrating That Can-Fite Drugs Have Therapeutic Effects on Heart Diseases • Business Wire • 05/29/2024 11:00:00 AM
- Can-Fite to Participate in Partnering Meetings at Bio International Convention 2024 • Business Wire • 05/27/2024 11:00:00 AM
- Join Can-Fite’s Exclusive Live Investor Webinar and Q&A Session on June 6 • Business Wire • 05/23/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/22/2024 08:15:19 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 11:03:28 AM
- Can-Fite: 75 Oncologists and Coordinators from Europe US and Israel Participated in a Conference Aimed at Accelerating Patient Enrolment for the Pivotal Phase 3 Advanced Liver Cancer Study • Business Wire • 05/13/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 11:03:03 AM
- Can-Fite: FDA Grants IND Clearance for Namodenoson to Treat MASH Patients in a Phase IIb Study • Business Wire • 05/09/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 11:11:47 AM
- Can-Fite Received Notice of Allowance from the European Patent Office for the Treatment of Erectile Dysfunction with CF602 • Business Wire • 05/06/2024 11:00:00 AM
- Long-term Complete Response to Can-Fite's Namodenoson in Patient with Advanced Liver Cancer: Article Published in a Leading Scientific Journal • Business Wire • 04/25/2024 11:00:00 AM
- Can-Fite: Scientific Article Published by KOL Presents Namodenoson as a Promising Drug Candidate to Treat Advanced Liver Cancer and MASH • Business Wire • 04/15/2024 11:00:00 AM
- Can-Fite: Submits FDA with an IND Application to Conduct Phase IIb Clinical Trial of Namodenoson in MASH Patients • Business Wire • 04/03/2024 11:00:00 AM
- Can-Fite Reports 2023 Financial Results and Clinical Update • Business Wire • 03/28/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 11:27:14 AM
- Namodenoson Treatment for Pancreatic and Liver Cancer: Data will be Discussed in Out-licensing and Distribution Partnering Meetings at Bio Europe Conference • Business Wire • 03/11/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/28/2024 12:06:42 PM
- Can-Fite Broadens its Strong Intellectual Property (IP) for NASH: Received Patent Allowance in Canada • Business Wire • 02/28/2024 12:00:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:32:17 PM
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