Can-Fite BioPharma Signs South Korean Distribution Agreement for Psoriasis Treatment Drug
The agreement, signed with pharma company Kyongbo Pharm, is contingent upon regulatory approval for the drug, currently in phase 3 clinical trials
Founded in 2000, Can-Fite develops small molecule drugs used in the treatment of psoriasis, liver and inflammatory diseases, and cancer. In April, the company signed an expansion of its licensing agreement with South Korea-based Chong Kun Dang (CKD) Pharmaceuticals for Can-Fite's drug for non-alcoholic steatohepatitis (NASH), a condition that occurs when fat builds up in the liver. Can-Fite also has a licensing, development, and distribution agreement with CMS Medical Venture Investment Ltd., a wholly-owned subsidiary of China Medical System Holdings Ltd., which the company signed in 2018.