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The allowance enhances the company's intellectual property portfolio.
Can-Fite BioPharma Ltd. (NYSE: CANF) announced that it has secured a patent allowance in Japan for its Namodenoson compound, specifically for its application in anti-obesity technology. This development strengthens the company's intellectual property portfolio in the Japanese market.
The allowance pertains to the use of Namodenoson in treating obesity, a significant addition to Can-Fite's existing patents. With 811,772 shares in free float and 2,142,547 shares outstanding, this intellectual property enhancement could have strategic implications for the company's future market positioning.
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