Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
On July 20, 2026, Can-Fite BioPharma Ltd. issued
a press release entitled “Can-Fite Positive Phase 2a Pancreatic Cancer Study Data Accepted for Presentation at ESMO Congress 2026,
One of the World’s Premier Scientific Meetings in Oncology”. A copy of this press release is furnished herewith as Exhibit 99.1.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit 99.1
Can-Fite
Positive Phase 2a Pancreatic Cancer Study Data Accepted for Presentation at ESMO Congress 2026, One of the World’s Premier Scientific
Meetings in Oncology
Predominantly third-line pancreatic cancer patients
demonstrated durable survival despite advanced disease; patient who received Namodenoson as second-line therapy remains alive more than
18 months
Ramat Gan, Israel, July 20, 2026 (GLOBE NEWSWIRE) -- Can-Fite BioPharma
Ltd. (NYSE American: CANF) (TASE: CANF), a clinical-stage biotechnology company developing a pipeline of proprietary small molecule drugs
targeting oncological and inflammatory diseases, today announced that an abstract highlighting positive results from its Phase 2a study
of Namodenoson in patients with advanced pancreatic ductal adenocarcinoma (PDAC), has been accepted for poster presentation at the European
Society for Medical Oncology (ESMO) Congress 2026.
The accepted abstract, entitled “Durable Disease Stabilization
with Namodenoson in Advanced Pancreatic Adenocarcinoma: Results from a Phase 2a Study,” will be presented as a poster during the
ESMO Congress, one of the world’s premier scientific meetings in oncology.
The Phase 2a study evaluated oral Namodenoson in patients with advanced
pancreatic cancer who had progressed following prior standard therapies. As previously announced, the study successfully achieved its
primary safety endpoint and demonstrated encouraging survival outcomes together with durable disease stabilization in this difficult-to-treat
patient population.
“We are pleased that our abstract has been selected for presentation
at ESMO, one of the most prestigious international oncology conferences,” said Pnina Fishman, Ph.D., Chairperson and Chief Scientific
Officer of Can-Fite BioPharma. “Acceptance by ESMO provides important scientific recognition of our pancreatic cancer program and
offers an opportunity to present our clinical findings to the global oncology community. We believe these data further support the continued
development of Namodenoson for patients with advanced pancreatic cancer.”
Namodenoson is a highly selective A3 adenosine receptor agonist with
a unique mechanism of action that induces apoptosis of cancer cells while exhibiting an excellent safety profile. The drug has demonstrated
anti-tumor activity across multiple preclinical models, including pancreatic cancer, and is also being developed for hepatocellular carcinoma
and MASH.
Can-Fite is currently planning the next stage of clinical development
for Namodenoson in pancreatic cancer, with a Phase 2b study designed to evaluate Namodenoson in combination with chemotherapy based on
encouraging clinical findings and supportive preclinical evidence demonstrating synergistic anti-tumor activity.
Additional details regarding the poster presentation, including presentation
date, session information, and poster number, will be announced when they become available.
About Pancreatic Ductal Adenocarcinoma (PDAC)
Pancreatic ductal adenocarcinoma is among the most aggressive malignancies
and remains a leading cause of cancer-related mortality worldwide. Patients with advanced disease who progress following standard therapies
have limited treatment options and continue to face poor clinical outcomes, underscoring the need for novel therapeutic approaches.
About Namodenoson
Namodenoson is a small orally bioavailable drug
that binds with high affinity and selectivity to the A3 adenosine receptor (A3AR). Namodenoson is currently being evaluated in a pivotal
Phase 3 trial for advanced liver cancer, concluded successfully a Phase 2a study in pancreatic cancer and is enrolling patients in a Phase
2b trial for the treatment of Metabolic Dysfunction-associated Steatohepatitis (MASH). A3AR is highly expressed in diseased cells whereas
low expression is found in normal cells. This differential expression may be one of the important factors that accounts for the excellent
safety profile of the drug.
About Can-Fite BioPharma Ltd.
Can-Fite BioPharma Ltd. (NYSE American: CANF)
(TASE: CANF) 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, liver, and inflammatory disease. The Company’s lead drug candidate, Piclidenoson recently
reported topline results in a Phase 3 trial for psoriasis and commenced a pivotal Phase 3 trial. Can-Fite’s liver drug, Namodenoson,
is being evaluated in a Phase III trial for hepatocellular carcinoma (HCC), a Phase 2b trial for the treatment of MASH, and in a Phase
2a study in pancreatic cancer. Namodenoson has been granted Orphan Drug Designation in the U.S. and Europe and Fast Track Designation
as a second line treatment for HCC by the U.S. Food and Drug Administration. Namodenoson 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. These drugs have an excellent safety profile with experience in over 1,600 patients in clinical studies
to date. For more information please visit: www.canfite.com.
Forward-Looking Statements
This press release may contain forward-looking
statements, about Can-Fite’s expectations, beliefs or intentions regarding, among other things, its product development efforts
and plans to advance Namodenoson into a combination study. All statements in this communication, other than those relating to historical
facts, are “forward looking statements”. 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. 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 known and unknown risks, uncertainties and other factors that may cause Can-Fite’s actual
results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied
by the forward-looking statements. Important factors that could cause actual results, performance or achievements to differ materially
from those anticipated in these forward-looking statements include, among other things, our market and other conditions, history of losses
and needs for additional capital to fund our operations and our inability to obtain additional capital on acceptable terms, or at all;
uncertainties of cash flows and inability to meet working capital needs; the initiation, timing, progress and results of our preclinical
studies, clinical trials and other product candidate development efforts; our ability to advance our product candidates into clinical
trials or to successfully complete our preclinical studies or clinical trials; our receipt of regulatory approvals for our product candidates,
and the timing of other regulatory filings and approvals; the clinical development, commercialization and market acceptance of our product
candidates; our ability to establish and maintain strategic partnerships and other corporate collaborations; the implementation of our
business model and strategic plans for our business and product candidates; the scope of protection we are able to establish and maintain
for intellectual property rights covering our product candidates and our ability to operate our business without infringing the intellectual
property rights of others; competitive companies, technologies and our industry; risks related to not satisfying the continued listing
requirements of NYSE American; and statements as to the impact of the political and security situation in Israel on our business. More
information on these risks, uncertainties and other factors is included from time to time in the “Risk Factors” section of
Can-Fite’s Annual Report on Form 20-F filed with the SEC on March 26, 2026 and other public reports filed with the SEC and in its
periodic filings with the TASE. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Can-Fite undertakes no obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities
laws.
Contact
Can-Fite BioPharma
Motti Farbstein
info@canfite.com
+972-3-9241114