FINWIRES · TerminalLIVE
FINWIRES

Can-Fite Shares Surge After Pancreatic Cancer Study Showed Durable Survival Outcomes

By

Can-Fite BioPharma (CANF) shares jumped 43% in Wednesday trading after the company said its phase 2a study of Namodenoson in advanced pancreatic cancer met its primary safety endpoint and showed durable survival in a subset of heavily pretreated patients.

The open-label trial enrolled 20 patients with advanced pancreatic ductal adenocarcinoma, an aggressive form of pancreatic cancer, who had progressed after standard treatment, according to a statement.

Among eight evaluable patients treated as third-line therapy who survived at least two months after treatment initiation, median overall survival exceeded five months, with 37.5% surviving seven months or longer, according to the company.

Can-Fite said it plans to advance Namodenoson into a Phase 2b study combining it with chemotherapy.

Price: $4.24, Change: $+1.27, Percent Change: +42.76%

Related Articles

Wire

Resolution Minerals Completes 16 Diamond Core Holes at Idaho Prospect

Resolution Minerals (ASX:RML) said 16 diamond core holes have been drilled to planned total depths at the Golden Gate South prospect in the Horse Heaven antimony-tungsten-gold-silver project in Idaho, for a total depth of 4,470 meters, according to a Wednesday Australian bourse filing.Core logging is progressing, recording geology, alteration, and mineralization, the company said.The drilling program is planned to up to 13,700 meters in up to 45 drill holes.The company's shares were up over 2% in recent Wednesday trade.

ASX:RML
Wire

Papa John's Names Chris Collins as Interim CFO

Papa John's International (PZZA) said late Tuesday that Chris Collins, its senior vice president of corporate finance and principal accounting officer, has been appointed to take the additional role as interim chief financial officer, starting immediately.Collins succeeds Ravi Thanawala, who is exiting Papa John's to assume a CFO role at another public company. Thanawala will be available to Papa John's in an advisory capacity until July 31 to support a smooth transition, the company said.Marc Richard, the company's senior vice president of North America Operations, has assumed responsibility for all North America operations, including those overseen by Thanawala as president, according to a statement.The company said it has commenced the search for a permanent CFO.

$PZZA
Wire

Arbor Realty Trust Plans $300 Million Private Offering of Convertible Notes

Arbor Realty Trust (ABR) plans to offer $300 million of convertible senior notes due 2029 in a private placement.Initial purchasers will have a 13-day option to buy up to an additional $45 million of the notes, the company said Tuesday in a statement.Arbor Realty expects to use up to $130 million of the net proceeds to repurchase shares. It also plans to use a portion of the proceeds, along with cash on hand, to redeem its $270 million of 4.5% senior notes due Sept. 1. Any remaining proceeds will be used for general corporate purposes.Arbor Realty shares fell 3.8% in after-hours trading.

$ABR