Can Fite Biopharma Ltd 's Comment on Competition and Industry Peers
The company operates in competitive markets for psoriasis therapeutics and hepatocellular carcinoma (HCC) treatments. In the psoriasis field, key competitors include Amgen, Johnson & Johnson, Pfizer, Novartis, Abbvie, Eli Lilly, Bristol-Myers Squibb, UCB, Takeda, and Alumis. In the HCC field, competitors include Bayer, Exelixis, Merck, Roche, Eisai, AstraZeneca, BeOne Oncology, Novartis, and Bristol-Myers Squibb. These competitors often possess significantly greater financial and other resources. The company recognizes that competitors may independently develop similar technologies and that patent protections may offer limited competitive advantages.
April 14, 2025
In a significant move to bolster its financial resources, Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CANF), a leading biotechnology entity specialising in pioneering small-molecule drugs for the treatment of oncological and inflammatory diseases, has announced the successful execution of definitive agreements pursuant to a registered direct offering. The offering, which encompasses 2,500,000 of the Company s American Depositary Shares (ADSs) at an attractive purchase price of $1.20 per ADS, is expected to yield gross proceeds of $3.0 million. The transaction is anticipated to close on or about April 15, 2025, contingent upon the usual customary closing conditions.This capital influx comes as Can-Fi...
Sources:
Can fite Biopharma Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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