Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 338

A Strategic Partnership with Univo to Develop Cannabinoid-Based Products is Ongoing

Posted by fidest press agency su mercoledì, 1 gennaio 2020

Can-Fite BioPharma Ltd. (NYSE American:CANF) (TASE:CFBI), a biotechnology company with a pipeline of proprietary small molecule drugs that bind specifically to the A3 adenosine receptor (A3AR), addressing cancer, liver and inflammatory diseases, announced today that Golan Bitton, CEO of Univo Pharmaceuticals (TASE:UNVO), was elected as a board member to Can-Fite at its recent annual general meeting. In September 2019, Can-Fite BioPharma and Univo Pharmaceutical, a medical cannabis company, entered into a collaboration agreement to co-develop cannabis derived pharmaceutical products based on the platform technology of Can-Fite in the fields of cancer, inflammatory, autoimmune, and metabolic diseases.Golan Bitton has many years of managerial experience in the Israeli Ministry of Defense. During his tenure there, he Implemented and managed multi-million dollar projects for the Israeli Government. Golan holds a B.A. in Economics and Business Management from Max Stern Academic College and Computer Engineering from Negev University. Golan is the founder of Univo Pharmaceuticals and is considered today as one of the leading worldwide experts in the cannabis arena.Can-Fite is uniquely positioned to contribute its deep pharmaceutical development expertise to the medical cannabis market, based on findings published in peer reviewed scientific journals, that demonstrate CBDs also bind to the A3 adenosine receptor (A3AR), which is over-expressed in pathological cells. A3AR is a target that Can-Fite believes can be used as a predictor and selector for the use of each type of CBD and more cannabinoids in the treatment of specific diseases. Can-Fite is a global leader in the research and development of drugs that target A3AR.“We welcome Golan as a board member and trust that his skills will be highly valuable to Can-Fite and also strengthen the collaboration in the cannabis arena, which is intended to lead to new intellectual property and novel pharmaceutical products,” stated Can-Fite CEO Pnina Fishman.

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