Kitov Announces Consensi as Brand Name for KIT-302

Announces Consensi as Brand Name for KIT-302

Israel, December 14, 2017 /PRNewswire/ --

Kitov Pharmaceuticals

(NASDAQ: KTOV) (TASE: KTOV), an innovative biopharmaceutical company, announced today that the U.S. Food & Drug Administration

(FDA) has granted permission to Kitov to use the brand name Consensi for marketing KIT-302, subject to receipt of marketing

approval from the FDA.

receipt of the FDA's permission to use Consensi as the brand name for our lead drug is another important step in executing on

our corporate strategy and will facilitate the commercialization of KIT-302, once approved by the FDA, " stated J. Paul Waymack,

M.D., Sc.D., Kitov's Chairman of the Board and Chief Medical Officer.

a combination drug that is intended to simultaneously treat pain caused by osteoarthritis, as well as hypertension, which is a

common side effect of stand-alone drugs that treat osteoarthritis pain. Consensi is comprised of two FDA approved

drugs, celecoxib (Celebrex ), a COX-2 inhibitor, for the treatment of pain caused by osteoarthritis, and amlodipine

besylate (Norvasc ), a calcium channel blocker for lowering blood pressure.

2017, the FDA filed Kitov's New Drug Application (NDA) for Consensi and, under the Prescription Drug User Fee Act (PDUFA),

set a target date of May 31, 2018 to complete its review.

Kitov Pharmaceuticals

Kitov Pharmaceuticals

(NASDAQ: KTOV, TASE: KTOV) is an innovative biopharmaceutical drug development company. Leveraging deep regulatory and clinical-trial

expertise, Kitov's veteran team of healthcare professionals maintains a proven track record in streamlined end-to-end drug development

and approval. Kitov's flagship combination drug, Consensi (previously referred to as KIT-302), intended to treat osteoarthritis

pain and hypertension simultaneously, achieved the primary efficacy endpoints for its Phase III and Phase III/IV clinical trials.

Kitov's newest drug, NT219, which is developed by its majority-owned subsidiary, TyrNovo Ltd., is a small molecule that presents

a new concept in cancer therapy, and in combination with various approved oncology drugs, demonstrated potent anti-tumor effects

and increased survival in various cancer models. By lowering development risk and cost through fast-track regulatory approval

of novel therapeutics, Kitov plans to deliver rapid ROI and long-term potential to investors, while making a meaningful impact

on people's lives. For more information on Kitov, the content of which is not part of this press release, please visit http://www.kitovpharma.com.

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known and unknown risks, many of which are beyond our control, as well as uncertainties and other factors that may cause our actual

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others, risks relating to: the fact that drug development and commercialization involves a lengthy and expensive process with

uncertain outcomes; our ability to successfully develop and commercialize our pharmaceutical products; the expense, length, progress

and results of any clinical trials; the lack of sufficient funding to finance the clinical trials; the impact of any changes in

regulation and legislation that could affect the pharmaceutical industry; the difficulty in receiving the regulatory approvals

necessary in order to commercialize our products; the difficulty of predicting actions of the U.S. Food and Drug Administration

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other factors that are discussed in our in our Annual Report on Form 20-F for the year ended December 31, 2016 and in our other

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except as required by applicable law. You are advised, however, to consult any additional disclosures we make in our reports to

the SEC, which are available on the SEC's website, http://www.sec.gov

Chief Financial Officer

+972-3-9333-121 ext. #105

LifeSci Advisors, LLC