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Can-Fite (NYSE American: CANF) reaches key Phase 3 psoriasis interim analysis milestone

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Rhea-AI Filing Summary

Can-Fite BioPharma Ltd. reports a key milestone in its pivotal Phase 3 trial of Piclidenoson for moderate-to-severe plaque psoriasis, having completed enrolment of the first 247 patients for a pre-specified interim analysis. The study is being run under a protocol agreed with both the FDA and EMA.

The randomized, double-blind, placebo-controlled trial compares 3 mg Piclidenoson tablets taken orally twice daily against placebo, with co-primary goals of achieving PASI 75 and an sPGA score of 0 or 1 at Week 16. Interim efficacy and safety data are expected in Q4 2026/Q1 2027.

Piclidenoson is described as a first-in-class oral A3 adenosine receptor agonist that targets key inflammatory pathways in psoriasis and has shown a favourable safety profile in more than 1,500 treated subjects, supporting its potential as a chronic treatment option. Can-Fite highlights the growing psoriasis therapeutics market and positions Piclidenoson as a differentiated oral small-molecule candidate within this space.

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Insights

Interim Phase 3 milestone reached; value hinges on Q4 2026/Q1 2027 data.

Can-Fite has completed enrolment of 247 patients for the interim analysis in its pivotal Phase 3 Piclidenoson psoriasis trial. The study design, including FDA- and EMA-agreed protocol and double-blind, placebo-controlled structure, aligns with typical registration-quality standards for moderate-to-severe plaque psoriasis therapies.

The co-primary endpoints, PASI 75 and sPGA 0/1 at Week 16, are widely used efficacy measures in psoriasis. The candidate’s oral dosing and favourable safety record in more than 1,500 subjects are highlighted as differentiators versus injectable biologics, but efficacy versus current standards remains unproven until results are available.

The company guides to interim efficacy and safety readout in Q4 2026/Q1 2027. Actual impact on the company’s outlook will depend on whether these data support progression toward potential registration and how Piclidenoson’s profile compares with existing treatments, topics that subsequent disclosures are expected to clarify.

Interim analysis enrolment 247 patients Pivotal Phase 3 Piclidenoson psoriasis study
Planned interim data timing Q4 2026/Q1 2027 Efficacy and safety readout for Phase 3 interim analysis
Piclidenoson dose 3 mg Oral tablets administered twice daily vs placebo
Safety database size More than 1,500 subjects Piclidenoson clinical studies safety experience
Clinical experience across drugs Over 1,600 patients Combined clinical studies for Can-Fite drug candidates
PASI 75 endpoint ≥75% PASI improvement Co-primary efficacy objective at Week 16
pivotal Phase 3 study medical
"its pivotal Phase 3 study evaluating Piclidenoson for the treatment of moderate-to-severe plaque psoriasis"
Psoriasis Area and Severity Index (PASI) 75 medical
"co-primary efficacy objectives of this study are the proportion of subjects who achieve a Psoriasis Area and Severity Index (PASI) score response of ≥75%"
Static Physician’s Global Assessment (sPGA) medical
"the proportion of subjects who achieve a Static Physician’s Global Assessment (sPGA) at of 0 or 1 at Week 16"
A static Physician’s Global Assessment (sPGA) is a doctor’s single-point rating of a patient’s overall disease severity, usually recorded on a simple numeric or descriptive scale during a clinical visit. Investors watch sPGA because it is often used as a key measure of a treatment’s effectiveness in clinical trials and regulatory filings; like a snapshot grade from a teacher, it helps signal whether a therapy meaningfully improves patients and supports approval and market adoption.
A3 adenosine receptor (A3AR) agonist medical
"Piclidenoson is a first-in-class oral A3 adenosine receptor (A3AR) agonist with a differentiated mechanism of action"
An A3 adenosine receptor (A3AR) agonist is a drug that acts like a key to activate a specific protein 'lock' on cell surfaces called the A3 adenosine receptor, triggering signals inside cells that can reduce inflammation, protect tissue or alter cell growth. Investors watch these drugs because successful activation of this receptor can lead to new treatments for diseases, and progress through testing, safety data and regulatory approval can materially affect a drug maker’s value.
Orphan Drug Designation regulatory
"Namodenoson has been granted Orphan Drug Designation in the U.S. and Europe"
Orphan drug designation is a special status given to medicines developed to treat rare diseases affecting only a small number of people. This status often provides benefits like faster approval processes and financial incentives, making it more attractive for companies to develop these drugs. For investors, it signals potential for exclusive market rights and reduced competition, which can impact the drug’s profitability.
Fast Track Designation regulatory
"Fast Track Designation as a second line treatment for HCC by the U.S. Food and Drug Administration"
Fast track designation is a status the U.S. Food and Drug Administration grants to drugs intended to treat serious conditions and address an unmet medical need. It gives the developer more frequent communication with the FDA and can allow parts of the application to be reviewed on a rolling basis, and it may pave the way to priority review or accelerated approval. It can shorten development timelines, though it does not guarantee approval.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

 

For the Month of July 2026

 

001-36203

(Commission File Number)

 

CAN-FITE BIOPHARMA LTD.

(Exact name of Registrant as specified in its charter)

 

26 Ben Gurion Street

Ramat Gan 5257346 Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F       Form 40-F

 

 

 

 

 

 

The first four paragraphs of the press release attached hereto as Exhibit 99.1 are hereby incorporated by reference into the registrant’s Registration Statements on Form S-8 (File No. 333-227753333-271384 and 333-278525) and Form F-3 (File Nos. 333-236064333-276000333-274316333-281872333-262055, and 333-294760), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

On July 6, 2026, Can-Fite BioPharma Ltd. issued a press release entitled “Can-Fite Achieves Key Pivotal Phase 3 Psoriasis Milestone with Completion of Patient Enrolment for the Interim Analysis: Data Expected Q4 2026/Q1 2027”. A copy of this press release is furnished herewith as Exhibit 99.1.

 

1

 

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release dated July 6, 2026

 

2

 

 

SIGNATURES

 

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.

 

Date: July 6, 2026 By: /s/ Motti Farbstein
    Motti Farbstein
    Chief Executive Officer and Chief Financial Officer

 

3

 

Exhibit 99.1

 

Can-Fite Achieves Key Pivotal Phase 3 Psoriasis Milestone with Completion
of Patient Enrolment for the Interim Analysis: Data Expected Q4 2026/Q1 2027

 

Interim analysis to be conducted under an FDA- and EMA-agreed protocol

 

Ramat Gan, Israel, July 06, 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 completion of 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 now 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). The interim analysis will evaluate efficacy and safety data from the enrolled patients. Results are expected during Q4 2026/Q1 2027.

 

The study is a randomized, double-blind, placebo-controlled Phase 3 trial aimed at demonstrating clinical safety and efficacy for the treatment of patients with moderate to severe plaque psoriasis. Patients are treated with 3 mg Piclidenoson tablets or placebo administered orally twice daily. The co-primary efficacy objectives of this study are the proportion of subjects who achieve a Psoriasis Area and Severity Index (PASI) score response of ≥75% (PASI 75) and the proportion of subjects who achieve a Static Physician’s Global Assessment (sPGA) at 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 and 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.

 

“We are pleased to achieve this important enrolment milestone in our pivotal Phase 3 psoriasis study,” said Motti Farbstein, Chief Executive Officer of Can-Fite. “This study is being conducted under a protocol agreed with both the FDA and EMA, providing a clear regulatory pathway for Piclidenoson. We believe Piclidenoson’s unique combination of oral administration, favourable safety profile, and potential suitability for chronic treatment differentiates it from existing therapies and may offer a valuable new option for patients living with psoriasis.”

 

The global psoriasis therapeutics market continues to expand, driven by increasing disease prevalence and demand for safe, effective, and convenient long-term treatment options. Can-Fite believes Piclidenoson’s differentiated profile as an oral small-molecule therapy positions it to address important unmet needs within this large and growing market.

 

About Piclidenoson

 

Piclidenoson is an orally bioavailable, highly selective A3 adenosine receptor agonist with anti-inflammatory activity demonstrated in both preclinical and clinical studies. The drug has accumulated an extensive clinical safety database involving more than 1,500 subjects and is being developed as a potential chronic therapy for psoriasis and other inflammatory diseases. The drug’s mechanism of action entails inhibition of the inflammatory cytokines interleukin 17 and 23 (IL-17 and IL-23) and the induction of apoptosis of patients’ skin cell keratinocytes involved with the disease pathogenicity.

 

 

 

 

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 previously 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, the potential of Piclidenoson and the potential timing of interim analysis data. 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:

 

Motti Farbstein

info@canfite.com

+972-3-9241114

 

 

 

FAQ

What milestone did Can-Fite BioPharma (CANF) announce in its psoriasis Phase 3 trial?

Can-Fite announced completion of enrolment of the first 247 patients for the pre-specified interim analysis in its pivotal Phase 3 trial of Piclidenoson for moderate-to-severe plaque psoriasis, marking a key operational and regulatory milestone in the program’s clinical development path.

When does Can-Fite (CANF) expect interim Phase 3 Piclidenoson data for psoriasis?

Interim efficacy and safety data from the pivotal Phase 3 Piclidenoson psoriasis trial are expected in Q4 2026/Q1 2027. The analysis will review outcomes from 247 enrolled patients under an FDA- and EMA-agreed protocol, helping determine the drug’s potential path toward registration.

What are the primary endpoints in Can-Fite’s Phase 3 Piclidenoson psoriasis study?

The co-primary endpoints are the proportion of patients achieving a PASI 75 response and the proportion achieving a Static Physician’s Global Assessment score of 0 or 1 at Week 16. These measures assess both psoriasis lesion clearance and overall disease severity improvement in treated patients.

How is Piclidenoson being administered in Can-Fite’s pivotal psoriasis trial?

In the Phase 3 trial, patients receive 3 mg Piclidenoson tablets or placebo administered orally twice daily. This oral small-molecule approach contrasts with injectable biologic therapies and is being evaluated for safety and efficacy as a potential chronic treatment for moderate-to-severe plaque psoriasis.

What safety experience does Can-Fite report for Piclidenoson and its pipeline?

Can-Fite states Piclidenoson has demonstrated a favourable safety profile in more than 1,500 treated subjects. Across the broader pipeline, including Namodenoson and CF602, the company notes experience in over 1,600 patients in clinical studies, supporting continued development across multiple indications.

Which other indications is Can-Fite (CANF) developing its drug candidates for?

Beyond psoriasis, Can-Fite is developing Namodenoson in Phase III for hepatocellular carcinoma, in a Phase 2b trial for MASH, and a Phase 2a study in pancreatic cancer. CF602 is being developed for erectile dysfunction, highlighting a diversified pipeline in oncology, liver, and inflammatory diseases.

Filing Exhibits & Attachments

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