Can Fite Announces the Submission of Safety Reports for Piclidenoson and Namodenoson to FDA and other Regulatory Authorities Showing Favorable Safety Profile The findings allow the continuation of the ongoing Phase II an

Fite Announces the Submission of Safety Reports for Piclidenoson

Namodenoson to FDA and other Regulatory Authorities Showing

Favorable Safety Profile

TIKVA, Israel, February 22, 2018 -- Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biotechnology company

advancing a pipeline of proprietary small molecule drugs that address cancer, liver and inflammatory diseases, today announced

that it has submitted annual safety summaries for 2017 on both Piclidenoson and Namodenoson to regulatory authorities around the

safety reports, known as Development Safety Update Reports (DSURs), are required annually and serve to create timely and transparent

communication between drug development sponsors and regulatory agencies. The DSURs summarize safety data from all clinical trials

conducted during the year-long reporting period. Can-Fite is pleased to note that both of its molecules under clinical development

continue to demonstrate favorable safety profiles in human clinical trials.

the DSUR for Piclidenoson, Can-Fite notes that there were no deaths, serious adverse events (SAEs), serious adverse reactions

(SARs), or suspected unexpected SARs (SUSARs) related to the use of the drug to treat inflammatory diseases during 2017. Furthermore,

over the span of development, an estimated 1167 human subjects have received Piclidenoson, without evidence of emerging treatment-limiting

toxicities. The Namodenoson development program includes patients with advanced hepatocellular carcinoma (liver cancer), in whom

serious adverse events, cancer progression, and mortality are expected and occurred; nevertheless, despite the underlying illness

of this population, no SARs or SUSARs were reported during 2017. To date, an estimated 115 human subjects have been dosed with

Namodenoson, again without evidence of novel safety concerns.

Piclidenoson and Namodenoson target the A3 adenosine receptor, overexpressed in pathological but not in normal body cells. This

means that when the drugs enter the body they specifically bind to the diseased but not to the normal cells. This unique drug

characteristic is believed to account for the observed favorable safety profile.

importance of these favorable data allow the Company to continue with the various clinical indications entailing Piclidenoson

for the Phase III study in patients with rheumatoid arthritis and Namodenoson for the Phase II studies in advanced liver cancer

Michael Silverman, Can-Fite's Medical Director, commented: "Can-Fite's Piclidenoson and Namodenoson drugs are

unique in today's autoimmune inflammatory, oncology and NASH drugs under development due to their favorable safety profile

and the specific anti-inflammatory and anti-cancer effects. We are very happy to continue with our clinical development programs."

Piclidenoson (CF101)

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. Piclidenoson is currently under development for the treatment of autoimmune inflammatory

diseases including rheumatoid arthritis (Phase III ongoing) and psoriasis (completed Phase II/III).

is a small orally bioavailable drug that binds with high affinity and selectivity to the A3 adenosine receptor (A3AR). Namodenoson

is being evaluated in Phase II trials for two indications, as a second line treatment for hepatocellular carcinoma, and as a treatment

for non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis (NASH). A3AR is highly expressed in diseased cells

whereas low expression is found in normal cells. This differential effect accounts for the excellent safety profile of the drug.

Can-Fite BioPharma Ltd.

BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) 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, inflammatory disease and sexual dysfunction.

The Company's lead drug candidate, Piclidenoson, is currently in a Phase III trial for rheumatoid arthritis and is expected to

enter a Phase III trial for psoriasis during 2018. Can-Fite's liver cancer drug, Namodenoson, is in Phase II trials for hepatocellular

carcinoma (HCC), the most common form of liver cancer, and 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

in preclinical studies and the Company is investigating additional compounds, targeting A3AR, for the treatment of sexual dysfunction.

These drugs have an excellent safety profile with experience in over 1,000 patients in clinical studies to date. For more information

please visit: www.can-fite.com.

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