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Can-Fite Reports Additional Findings from Successful Phase II NASH Study: 25 mg Dose of Namodenoson Significantly Reduced Liver Fat and Fibrosis All cases of NASH significantly resolved after 12 weeks of treatment with N

Key Takeaway: Reports Additional Findings from Successful Phase II NASH Study: mg Dose of Namodenoson Significantly Reduced Liver Fat and Fibrosis TIKVA, Israel, May 18, 2020 -- Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biotechnology company advancing a pipeline of propri

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Reports Additional Findings from Successful Phase II NASH Study:
mg Dose of Namodenoson Significantly Reduced Liver Fat and Fibrosis
TIKVA, Israel, May 18, 2020 -- 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
additional findings from its Phase II study of Namodenoson in the treatment of patients with non-alcoholic fatty liver disease
(NAFLD) with or without non-alcoholic steatohepatitis (NASH). On April 7, the Company reported topline results from the Phase
II study indicating Namodenoson had achieved its efficacy endpoints in a dose dependent and statistically significant manner,
while continuing to demonstrate a good safety profile. Most significantly, a more recent in-depth review of the Phase II data
reveal 25 mg of Namodenoson was found to resolve significantly all cases of NASH, representing 25% of the 25 mg treated group,
as compared to an increase in new NASH cases in the placebo group from a baseline of 0 to 5.9%.
the Phase II study, 25 mg of Namodenoson was shown to reduce hepatic fibrosis (scar tissue in the liver resulting from the liver
trying to repair itself), reduce steatosis (fat buildup in the liver), and improve the FAST score, a measure for NASH (liver stiffness
and an enzymatic biomarker of liver damage).
treated with 25 mg of Namodenoson had a statistically significant reduction in hepatic fibrosis as measured by the Fibrosis-4
(FIB-4) score, as compared to placebo. FIB-4 change from baseline improved by -0.089 in patients dosed with 25 mg of Namodenoson,
as compared to the placebo group which deteriorated from baseline by 0.042 points, with p=0.026. FIB-4 is a non-invasive marker
of hepatic fibrosis consisting of four parameters including age, platelet counts, and two liver enzymes, aspartate aminotransferase
(AST) and alanine aminotransferase (ALT), which are elevated in a damaged liver.
the Namodenoson 25 mg treated group, the proportion of patients with high steatosis scores declined from 37.5% to 13.3% of the
population, as compared to the placebo treated group in which the proportion of patients with high steatosis scores decreased
from 37.5% to 35.3% of the population, with p=0.08. Steatosis was assessed by Controlled Attenuation Parameter (CAP) measurement
of the FibroScan, a non-invasive marker of hepatic steatosis.
of patients randomized into the Namodenoson 25 mg dosed group had NASH at baseline, as compared to none in the placebo group,
which comprised of patients who had NAFLD without NASH at baseline. Following 12 weeks of treatment, all NASH cases were resolved
in patients treated with 25 mg of Namodenoson, as compared to new NASH that developed in the placebo group representing 5% of
that population, with p<0.009. NASH was evaluated by FibroScan-AST (FAST) score, a noninvasive marker of NASH, the severe form
of NAFLD (equivalent to biopsy findings of NAS 4, F 2), measured by FibroScan elastography, CAP and serum AST.
data show that Namodenoson reversed and eliminated NASH, and may prevent the progression of NAFLD into NASH. We are very pleased
and impressed by these results. Given the clear need for approved drugs in this indication, we believe Namodenoson is a strong
candidate for advanced stage clinical development as a treatment for both NAFLD and NASH," stated Prof. Rifaat Safadi of
Hadassah Medical Center, the Principal Investigator of the study.
Phase II double-blind, placebo-controlled, dose-finding efficacy and safety study enrolled 60 patients with NAFLD with or without
NASH in three clinical sites in Israel Patients with evidence of an active inflammation were treated twice daily with 12.5 mg
(n=21) or 25 mg (n=19) of oral Namodenoson vs. placebo (n=20). The patients were treated for 12 weeks and followed-up until week
16. The study's end points included alanine aminotransferase (ALT) and aspartate aminotransferase (AST) blood level, % of
liver fat, liver stiffness, serum adiponectin, leptin and patient's weight loss. Based on topline results, 25 mg was determined
to be the optimal dosage.
estimated 85 million Americans have NAFLD, which may lead to an exponential rise in incidence of NASH, a more severe form of NAFLD,
to close to 43 million Americans in the next five years. The NASH treatment market is estimated to reach $35-40 billion by 2025.
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 COVID-19. The Company's
lead drug candidate, Piclidenoson, is currently in Phase III trials for rheumatoid arthritis and psoriasis. Piclidenoson has been
approved for a pilot clinical trial in Israel to treat COVID-19 infected patients with moderate-to-severe symptoms. Can-Fite's
liver drug, Namodenoson, is headed into a Phase III trial for hepatocellular carcinoma (HCC), the most common form of liver cancer,
and successfully achieved its primary endpoint in a Phase II trial 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. These drugs have an excellent safety profile with experience in over 1,500 patients in clinical studies to date.
For more information please visit: www.can-fite.com.
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other things, market risks and uncertainties, its product development efforts, business, financial condition, results of operations,
strategies or prospects. In addition, from time to time, Can-Fite or its representatives have made or may make forward-looking
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filings made by Can-Fite with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the
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events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that
have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause Can-Fite's actual
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statements. Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking
statements include, but are not limited to: our history of losses and needs for additional capital to fund our operations and
our inability to obtain additional capital on acceptable terms, or at all; uncertainties of cash flows and inability to meet working
capital needs; the impact of the recent outbreak of coronavirus; the initiation, timing, progress and results of our preclinical
studies, clinical trials and other product candidate development efforts; our ability to advance our product candidates into clinical
trials or to successfully complete our preclinical studies or clinical trials; our receipt of regulatory approvals for our product
candidates, and the timing of other regulatory filings and approvals; the clinical development, commercialization and market acceptance
of our product candidates; our ability to establish and maintain strategic partnerships and other corporate collaborations; the
implementation of our business model and strategic plans for our business and product candidates; the scope of protection we are
able to establish and maintain for intellectual property rights covering our product candidates and our ability to operate our
business without infringing the intellectual property rights of others; competitive companies, technologies and our industry;
statements as to the impact of the political and security situation in Israel on our business; and risks and other risk factors
detailed in Can-Fite's filings with the SEC and in its periodic filings with the TASE. In addition, Can-Fite operates in
an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its
control. Can-Fite does not undertake any obligation to publicly update these forward-looking statements, whether as a result of
new information, future events or otherwise.
Last updated: May 18, 2020