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Biotech Can-Fite unlocks $4M to fund drug R&D and clinical trials
Can-Fite BioPharma Ltd. announced it has entered into a definitive agreement for the immediate exercise of warrants, expected to generate approximately $4.0 million in gross proceeds. These funds will be allocated towards research and development, clinical trials, and general corporate purposes. The company will also issue new unregistered warrants as part of the transaction.