Can-Fite BioPharma completes enrolment for Piclidenoson Phase 3 study

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Riya DScanX News Team
Key Highlights

Can-Fite BioPharma enrolled 247 patients in a Phase 3 study of Piclidenoson for psoriasis, reaching the interim analysis stage. The trial, agreed upon by the FDA and EMA, aims to demonstrate safety and efficacy with results expected in Q4 2026/Q1 2027.

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Can-Fite BioPharma has completed enrolment of the first 247 patients in its pivotal Phase 3 study evaluating Piclidenoson for the treatment of moderate-to-severe plaque psoriasis. The study has reached the pre-specified interim analysis stage under a protocol agreed with both the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). Results from the interim analysis, which will evaluate efficacy and safety data, are expected during Q4 2026/Q1 2027.

The Phase 3 trial is a randomized, double-blind, placebo-controlled study designed to demonstrate clinical safety and efficacy. Patients are administered 3 mg Piclidenoson tablets or placebo orally twice daily. The co-primary efficacy objectives include the proportion of subjects achieving a Psoriasis Area and Severity Index (PASI) score response of ≥75% (PASI 75) and the proportion achieving a Static Physician's Global Assessment (sPGA) of 0 or 1 at Week 16.

Piclidenoson is a first-in-class oral A3 adenosine receptor (A3AR) agonist with a differentiated mechanism of action targeting key inflammatory pathways implicated in psoriasis. Unlike injectable biologic therapies, Piclidenoson is administered orally as a tablet. It has demonstrated a favourable safety profile in more than 1,500 subjects treated across clinical studies, supporting its potential use as a chronic long-term treatment.

Study Details

Parameter Details
Study Type Randomized, double-blind, placebo-controlled
Dosage 3 mg tablets twice daily
Primary Endpoints PASI 75 response; sPGA of 0 or 1 at Week 16
Interim Analysis Timing Q4 2026/Q1 2027

What are the potential market implications if Piclidenoson demonstrates efficacy comparable to injectable biologics?

How might the oral administration of Piclidenoson influence patient adherence and treatment preferences in psoriasis management?

What strategic partnerships or commercialization plans is Can-Fite considering ahead of the anticipated interim analysis results?

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HC Wainwright raises Can Fite Biopharma price target to $8

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Reviewed by
Radhika SScanX News Team
Key Highlights

HC Wainwright & Co. analyst Swayampakula Ramakanth reiterated a Buy rating on Can Fite Biopharma and raised the price target from $5 to $8, indicating a positive outlook for the stock.

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HC Wainwright & Co. analyst Swayampakula Ramakanth has reiterated a Buy rating on Can Fite Biopharma, raising the price target to $8 from $5. The adjustment reflects an updated outlook on the company's stock performance.

Rating and Target Details

The analyst maintained a positive stance on Can Fite Biopharma, listed on AMEX under the ticker CANF. The revised price target of $8 represents a significant increase from the previous target of $5.

Metric Value
Rating Buy
Previous Price Target $5
New Price Target $8

What specific catalysts or upcoming milestones could drive Can Fite Biopharma's stock toward the new $8 price target?

How might this revised price target influence investor sentiment and trading volume for CANF in the short term?

What competitive or regulatory risks could potentially hinder the company from achieving the updated outlook?

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