Trial miss takes third off share price, but Can-Fite comes out swinging
On Tuesday, Israeli biotech Can-Fite BioPharma (TASE: CFBI) announced disappointing trial results for its orphan drug candidate namodenoson, but found a good news story hidden in the secondary endpoints.
The Phase II advanced liver cancer study did not achieve its primary end point of overall survival in the whole population.
While the news sent the firm’s share price south by around a third, Can-Fite insisted that secondary data “strongly support progression into Phase III.”
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