Can-Fite Says Preclinical Study Shows That Small Amounts Of CBD Can Help With Obesity – Benzinga


Posted: March 12, 2020 at 4:49 am

Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) announced new pre clinical results Wednesday showing that cannabis-derived CBD "fractions" constrain the expansion of human fat cells by 60%.

The fractions used in the study were provided by Univo Pharmaceuticals (TASE: UNVO), Can-Fite said in a press release.

This data implies the agents potential for an anti-obesity effect at low nano-molar concentrations, according to the company.

The Waltham, Massachusetts-based companys expertise in this sphere comes from working on its NASH drug Namodenoson, which is an orally bioavailable drug that attaches to the A3 adenosine receptor.

The company recently finalized enrollment in a Phase 2 study with endpoints that track percentage change in liver fat, serum ALT levels and weight loss.

These new findings, showing reduction in fat cell expansion, together with the good safety profile of minute CBD concentration, support its potential utilization as an anti-obesity drug, CEO Dr. Pnina Fishman said in a statement.

The global obesity market is very profitable, with the potential of surpassing $12 billion by 2023, according to Market Research Future, Can-Fite said.

The stock was trading 12.78% higher at $1.50 at the time of publication Wednesday.

Related Links:

The Daily Biotech Pulse: Trevana Pain Drug Resubmission Accepted For Review, Can-Fite To Explore Treatment For COVID-19

Can-Fite, Univo Say Preclinical Data Results Show CBD's Anti-Cancer Effect In Human Liver Cells

2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Go here to read the rest:
Can-Fite Says Preclinical Study Shows That Small Amounts Of CBD Can Help With Obesity - Benzinga

Related Post