Can-Fite BioPharma Surges in Premarket Trading After Securing Brazilian Patent for Sexual Dysfunction Therapy

MT Newswires Live12-26

Can-Fite BioPharma, an Israel-based biotech company, surged in premarket trading Friday after receiving a patent from the Brazilian Patent Office for its A3 adenosine receptor, or A3AR, drugs to treat sexual dysfunction.

Sexual dysfunction can be linked to blood flow, inflammation, and metabolic issues. Can-Fite's research showed that activating the A3 adenosine receptor may affect key body signals that control sexual function, supporting the use of this treatment.

The company said the patent could pave the way for partnerships or sales opportunities in Latin America. Can-Fite is also developing its A3AR drugs for cancer, inflammatory diseases, and other conditions.

Shares of Can-Fite jumped more than 50% in recent pre-market trading.

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