Can-Fite BioPharma Secures Australian Patent for Obesity Drug

Can-Fite BioPharma (CANF) has released an update.

Can-Fite BioPharma Ltd. has received a patent allowance in Australia for its oral anti-obesity drug Namodenoson, which has demonstrated a promising safety profile. The patent, valid until 2040, covers methods of treating obesity by increasing adiponectin hormone levels to reduce body fat. This advancement positions Can-Fite in the lucrative global obesity treatment market, valued at $12 billion in 2023.

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