Can-Fite BioPharma (CANF) Phase III Psoriasis Study Achieves 75% Enrollment; Top Line Results Expected Q4 2021

Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI), a biotechnology company advancing a pipeline of proprietary small molecule drugs that address inflammatory, cancer and liver diseases, today announced that 75% of patients have been enrolled in its Phase III Comfort™ study designed to establish Piclidenoson’s superiority compared to placebo and non-inferiority compared to Apremilast (Otezla®) in patients with moderate to severe plaque psoriasis. The Company expects to complete enrollment in Q3 2021 and report topline results in Q4 2021.

Recently, the Company conducted an interim analysis with an Independent Data Monitoring Committee (IDMC) which recommended based on the positive data and favorable safety profile to continue patient enrollment. The randomized, double blind study is being conducted in Europe, Israel, and Canada. The study’s primary endpoint is the proportion of patients who achieve a PASI score response of ≥75% (PASI 75) vs. placebo at week 16. Secondary endpoints include non-inferiority to Otezla® in weeks 16 and 32.

“Can-Fite’s lead drug candidate offers several potential key benefits over psoriasis treatments currently on the market. It provides easy administration for patients who tend to prefer oral medications over injectables and has demonstrated a favorable safety profile and positive clinical effect in trials,” stated Can-Fite CEO Dr. Pnina Fishman.

Piclidenoson has been out-licensed for the indication of psoriasis in Canada, South Korea, Spain, Austria, Switzerland, Central Eastern European (CEE) countries, Hong Kong, Macau, Taiwan, and China. Can-Fite has received over $20 million in up-front and milestone payments from its distribution agreements to date. According to iHealthcareAnalyst, the psoriasis therapeutic market is estimated to reach $11.3 billion by 2025.

About Piclidenoson

Piclidenoson is a novel, first-in-class, A3 adenosine receptor agonist (A3AR) small molecule, orally bioavailable drug with a favorable therapeutic index demonstrated in Phase II clinical studies. It is currently being evaluated in a multinational Phase III study as a treatment for moderate to severe psoriasis and a Phase II U.S. study for the treatment of moderate to severe COVID-19.

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