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Cocrystal Pharma (COCP) Stock News, Apr-Sep 2022

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Cocrystal Pharma, Inc. develops antiviral therapeutics using a proprietary structure-based drug discovery platform. News for COCP centers on CDI-988, an oral direct-acting protease inhibitor for norovirus infection, including clinical-study updates, FDA Fast Track designation and scientific presentations on its 3CL protease mechanism.

Company updates also cover financial results, financing activity, NIH-supported influenza A/B polymerase research, and broader pipeline references to respiratory viruses and coronaviruses.

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Cocrystal Pharma, Inc. (Nasdaq: COCP) will participate in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, via a hybrid model. James Martin, CFO and interim co-CEO, will present on-demand starting September 12 at 7:00 a.m. ET. Attendees can engage in virtual one-on-one meetings throughout the conference. Interested investors and industry professionals can register for attendance.

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Cocrystal Pharma (Nasdaq: COCP) reported its Q2 2022 financial results and updates on antiviral pipeline developments. The company is advancing its oral PB2 inhibitor CC-42344, with a Phase 2a study planned to evaluate its efficacy against influenza A. Recent pharmacokinetic data supports once-daily dosing for CC-42344. Collaboration with NIAID is ongoing for COVID-19 protease inhibitors, with plans for two Phase 1 studies this year. Financially, Cocrystal faced a net loss of $24.4 million in Q2, including a $19.1 million non-cash goodwill impairment due to stock price decreases.

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Cocrystal Pharma (Nasdaq: COCP) has completed the single ascending dose portion of its Phase 1 study for the antiviral candidate CC-42344, showing favorable pharmacokinetic data that supports once-daily dosing potential. The study, conducted in Australia, aims to assess safety and tolerability in healthy adults. Preliminary data indicated a positive safety profile for doses of 100 mg and 200 mg. CC-42344 acts as a PB2 inhibitor and demonstrates antiviral activity against resistant influenza A strains, potentially outperforming existing treatments like Tamiflu.

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Cocrystal Pharma, Inc. (Nasdaq: COCP) has entered into a Non-Clinical Evaluation Agreement with the National Institute of Allergy and Infectious Diseases (NIAID) for preclinical studies on its 3CL protease inhibitors for COVID-19 treatment. This collaboration will support the scale-up synthesis of a key intermediate necessary for the development of these inhibitors. Cocrystal aims to create antiviral drugs targeting viral replication proteins, potentially beneficial against various coronaviruses, including COVID-19.

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Cocrystal Pharma, Inc. (Nasdaq: COCP) has announced that James Martin, Chief Financial Officer and co-interim CEO, will present a company overview at the H.C. Wainwright Global Investment Conference on May 25, 2022, at 10:00 a.m. Eastern Time. This hybrid event will take place at the Fontainebleau Miami Beach Hotel. A live webcast of the presentation will be available on the company’s IR Calendar and archived for 90 days.

Cocrystal specializes in developing antiviral therapeutics targeting influenza, coronaviruses, and more.

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Cocrystal Pharma, Inc. (Nasdaq: COCP) reported a net loss of $4.2 million for Q1 2022, consistent with the previous year. The company is advancing its antiviral programs, announcing positive preliminary data from its Phase 1 study of CC-42344 for influenza A. Cocrystal is also collaborating with NIAID to evaluate COVID-19 protease inhibitors and preparing for a Phase 1 study of inhalation and oral inhibitors for COVID-19 treatment.

As of March 31, 2022, Cocrystal had $54.8 million in cash, sufficient to fund operations through 2023.

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Cocrystal Pharma (Nasdaq: COCP) has entered into a Non-Clinical Evaluation Agreement with the National Institute of Allergy and Infectious Diseases (NIAID) to conduct exploratory preclinical studies on its SARS-CoV-2 3CL protease inhibitors for potential COVID-19 treatment. Cocrystal's novel inhibitors demonstrate potent in vitro efficacy against SARS-CoV-2 and variants, including Omicron. This collaboration aims to further evaluate the antiviral activity of these compounds in both in vitro and in vivo settings.

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Cocrystal Pharma (Nasdaq: COCP) will present at the Life Science Innovation Northwest 2022 conference on April 20-21, 2022, at the Washington State Convention Center in Seattle. Sam Lee, PhD, President and co-interim CEO, is set to deliver a presentation during the Neuroscience & Pharmaceuticals segment on April 20 at 3:25 PM Pacific. This conference is the Pacific Northwest’s largest annual life science event, aiming to connect investors, researchers, and organizations to discuss significant life science breakthroughs.

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Cocrystal Pharma, Inc. (Nasdaq: COCP) announced that James Martin, Chief Financial Officer and co-interim CEO, will present at the NobleCon18 Investor Conference on April 21, 2022, at 9:30 a.m. ET, held at the Hard Rock Hotel & Casino in Hollywood, Florida. A video webcast of the presentation will be available the next day on the Company's website, as well as on Noble Capital Markets’ and Channelchek's websites, archived for 90 days.

Cocrystal, a clinical-stage biotechnology company, focuses on developing novel antiviral therapeutics targeting various viruses.

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Cocrystal Pharma, Inc. (COCP) announced preliminary results from its Phase 1 study of CC-42344, an oral antiviral targeting influenza A. The study, involving 56 healthy participants, demonstrated a favorable safety and pharmacokinetic profile with promising oral bioavailability and dose-dependent plasma exposures. CC-42344 is designed to address pandemic and seasonal influenza strains, aiming to be a best-in-class treatment option. Full results are expected later in 2022, affirming Cocrystal's commitment to advancing antiviral therapies.

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FAQ

What is the current stock price of Cocrystal Pharma (COCP)?

The current stock price of Cocrystal Pharma (COCP) is $1.145 as of October 3, 2026.

What is the market cap of Cocrystal Pharma (COCP)?

The market cap of Cocrystal Pharma (COCP) is approximately 22.1M.