On October 5, 2021 Can-Fite BioPharma Ltd. (NYSE American:CANF) (TASE:CFBI), a biotechnology company advancing a pipeline of proprietary small molecule drugs that address inflammatory, cancer and liver diseases, reported the Company’s CEO Dr. Pnina Fishman will present at the H.C. Wainwright 5th Annual NASH Investor Conference at 9:30 am ET on Tuesday, October 12, 2021 (Press release, Can-Fite BioPharma, OCT 5, 2021, View Source [SID1234590838]). The virtual conference will feature a panel discussion by several renowned key opinion leaders in NASH. Management will conduct virtual 1×1 meetings with institutional investors.

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Can-Fite’s drug candidate Namodenoson is expected to commence patient enrollment in a Phase IIb NASH trial in Q4 2021. In a prior Phase IIa NASH trial, Namodenoson achieved its study endpoints including significant anti-steatotic, anti-fibrotic, and anti-inflammatory effects.

NASH is a clear and urgent unmet medical need, as there currently is no U.S. approved drug to treat the disease. As of 2016, NASH was the leading cause for liver transplants among women and second leading cause for liver transplants overall. NASH is expected to become the leading indication for liver transplants in males as well. The NIH estimates the incidence of NASH in the U.S. at 2-5% of the population. Incidence is increasing based on rising obesity rates. By 2025, the addressable pharmaceutical market for NASH is estimated to reach $35-40 billion.