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Can-Fite Submits Protocol for Phase II Trial of CF102 in the Treatment of NAFLD/NASH Leading Israeli medical institutions Hadassah and Rabin Medical Centers to be included in the trial Study to enroll 60 patients with pr

Key Takeaway: Submits Protocol for Phase II Trial of CF102 in the Treatment of NAFLD/NASH Leading Israeli medical institutions Hadassah and Rabin Medical Centers to be included in the trial Study to enroll 60 patients with primary endpoint of reducing liver fat $35 billion estimated tre

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Submits Protocol for Phase II Trial of CF102 in the Treatment of NAFLD/NASH
Leading Israeli medical institutions Hadassah and Rabin Medical Centers to be included in the trial
Study to enroll 60 patients with primary endpoint of reducing liver fat
$35 billion estimated treatment market by 2025
TIKVA, Israel, October 13, 2016 -- Can-Fite BioPharma Ltd. (NYSE MKT: CANF) (TASE:CFBI), a biotechnology company with a
pipeline of proprietary small molecule drugs being developed to treat inflammatory and liver diseases, cancer, and sexual dysfunction,
today announced it has submitted the clinical trial protocol for its Phase II study of CF102 in the treatment of non-alcoholic
fatty liver disease (NAFLD), the precursor to non-alcoholic steatohepatitis (NASH), to a leading Institutional Review Board (IRB)
in Israel. Top medical centers in Israel, including Hadassah Medical Center and Rabin Medical Center are expected to participate
in the planned study by enrolling and treating patients.
are eager to commence our Phase II study in NAFLD/NASH, an indication for which there is no U.S. FDA approved drug. We view the
submission of our clinical trial protocol as a major step forward," stated Can-Fite CEO Dr. Pnina Fishman.
on the protocol that was submitted, Can-Fite's Phase II study, designed by world renowned Key Opinion Leaders in the field of
liver diseases, will be a multicenter, randomized, double-blinded, placebo-controlled, dose-finding study of the efficacy and
safety of CF102 in the treatment of NAFLD/NASH. The study will enroll approximately 60 patients with NAFLD, with or without NASH,
and will have three arms, including two different dosages of CF102 and a placebo, given via oral tablets twice daily. The study's
primary endpoints will be percent change from baseline in liver triglyceride (fat) concentration measured by nuclear magnetic
resonance spectroscopy (NMRS) and safety. Secondary endpoints to be evaluated are the effects of CF102 on metabolic abnormalities
in subjects with NAFLD, including body weight, waist circumference, serum triglyceride and high-density lipoprotein cholesterol
levels, and serum liver transaminase. In addition, an assessment of the pharmacokinetics (PK) of CF102 and the A3 adenosine receptor
(A3AR) biomarker will be evaluated prior to treatment and its correlation to patients' response to the drug will be analyzed upon
study conclusion. Furthermore, the exploratory objective of this study is to evaluate the effects of CF102 on relevant biomarkers,
such as adiponectin, leptin, C-reactive protein (CRP), and liver stiffness as determined by Fibroscan. The trial design is based
on preclinical studies showing CF102's efficacy in reducing liver fat in NASH models as compared to placebo, improving liver
function, and regenerating liver cells.
Bank estimates the addressable pharmaceutical market for NASH will reach $35-40 billion in size by 2025.
is characterized by excess fat accumulation in the form of triglycerides (steatosis) in the liver. According to a recent study
published in Hepatology, an estimated 25% of the population in the U.S. has NAFLD, with a higher prevalence in people with type
II diabetes. Incidence is increasing based on rising obesity rates. NAFLD includes a range of liver diseases, with NASH being
the more advanced form, manifesting as hepatic injury and inflammation. According to the NIH, the incidence of NASH in the U.S.
is believed to affect 2-5% of the population. The spectrum of NAFLDs resembles alcoholic liver disease; however, they occur in
people who drink little or no alcohol. If untreated, NASH can lead to cirrhosis and liver cancer.
is a small orally bioavailable drug that binds with high affinity and selectivity to the A3 adenosine receptor (A3AR). 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. In Can-Fite's pre-clinical and clinical studies, CF102 has demonstrated a robust anti-tumor
effect via deregulation of the Wnt signaling pathway, resulting in apoptosis of liver cancer cells. Based on preclinical data
showing CF102 has strong liver protective properties, Can-Fite intends to initiate a Phase II study in NASH. Can-Fite has received
Orphan Drug Designation for CF102 in Europe and the U.S., as well as Fast Track Status in the U.S. as a second line treatment
for hepatocellular carcinoma.
Can-Fite BioPharma Ltd.
BioPharma Ltd. (NYSE MKT: 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 scheduled to enter Phase III trials in 2016 for two indications, rheumatoid
arthritis and psoriasis. The rheumatoid arthritis Phase III protocol has recently been agreed with the European Medicines Agency.
Can-Fite's liver cancer drug CF102 is in Phase II trials for patients with liver cancer and is slated to enter Phase II for the
treatment of non-alcoholic steatohepatitis (NASH). CF102 has been granted Orphan Drug Designation in the U.S. and Europe and Fast
Track Designation as a second line treatment for hepatocellular carcinoma by the U.S. Food and Drug Administration. CF102 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 is being prepared for an
IND submission to the FDA and a Phase I trial. 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.
press release may contain forward-looking statements, about Can-Fite's expectations, beliefs or intentions regarding, among other
things, 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 statements, orally or in writing. Forward-looking
statements can be identified by the use of forward-looking words such as "believe," "expect," "intend,"
"plan," "may," "should" or "anticipate" or their negatives or other variations of these
words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters.
These forward-looking statements may be included in, but are not limited to, various filings made by Can-Fite with the U.S. Securities
and Exchange Commission, press releases or oral statements made by or with the approval of one of Can-Fite's authorized executive
officers. Forward-looking statements relate to anticipated or expected 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 results to differ materially from any future results expressed or
implied by the forward-looking statements. Many factors could cause Can-Fite's actual activities or results to differ materially
from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized
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: Oct 13, 2016