Can Fite Biopharma Ltd (ADR) (CANF) was Resumed by Rodman & Renshaw to “Buy” and the brokerage firm has set the Price Target at $6. Rodman & Renshaw advised their investors in a research report released on Aug 29, 2016.
Can Fite Biopharma Ltd (ADR) closed down -0.07 points or -2.87% at $2.37 with 82,475 shares getting traded on Tuesday. Post opening the session at $2.49, the shares hit an intraday low of $2.3 and an intraday high of $2.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Can Fite Biofarma Ltd is an Israel-based biopharmaceutical company. The Company develops new treatments for autoimmune diseases and cancer. The Companys drugs are CF101 for Psoriasis treatment RA treatment for the treatment of Keratoconjunctictivitis Sicca for the treatment of Glaucoma among others; and CF102 for the treatment of liver diseases. The Company has a research infrastructure including research laboratories and animal house facilities run by the development team. Can Fite Biofarma Ltd signed distribution contracts with a Kwang Dong Pharmaceutical Co. allowing distribution of CF101 for arthritis in Korea and Seikagaku Corp. for distribution in Japan. The Company operates three subsidiaries Ultratrend Ltd EyeFite Ltd and OphathaliX Inc.