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Cocrystal finishes dosing Phase 1b norovirus trial

Cocrystal Pharma completes dosing in a Phase 1b human norovirus challenge study of CDI-988, with preliminary efficacy data expected around late 2026 to early 2027.

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Rhea-AI Filing Summary

Cocrystal Pharma, Inc. (COCP) reported that the last subject has been dosed in its Phase 1b human norovirus challenge study (NCT07198139) evaluating its oral antiviral candidate CDI-988 for both prevention and treatment of norovirus infections. No serious adverse events have been reported in this study to date.

CDI-988, designed to inhibit viral replication across all known norovirus strains, previously completed a Phase 1 trial in Australia, where it was safe and well tolerated, including at the highest tested dose of 1200 mg. The ongoing Phase 1b randomized, double-blind, placebo-controlled study at Emory University enrolls healthy adults aged 18–49 infected with the GII.2 Snow Mountain Virus strain. Primary endpoints focus on reducing clinical symptoms versus placebo, with secondary endpoints including viral shedding, disease severity, safety, and pharmacokinetics.

Cocrystal stated that preliminary efficacy results from the Phase 1b study are expected in late 2026 or early 2027, which are anticipated to inform further clinical development of CDI-988 as a potential first-in-class oral antiviral for norovirus acute gastroenteritis.

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Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Global annual norovirus cases 685,000,000 cases Estimated worldwide norovirus cases per year
Global economic impact of norovirus $60 billion Estimated worldwide annual economic burden of norovirus
U.S. annual norovirus infections 21,000,000 infections Estimated norovirus infections per year in the United States
U.S. norovirus hospitalizations 109,000 hospitalizations Estimated yearly norovirus-related hospitalizations in the United States
U.S. annual norovirus deaths 900 deaths Estimated yearly norovirus-attributable deaths in the United States
CDI-988 dose in Phase 1b study 1200 mg Highest Phase 1 dose established as safe and used in the Phase 1b challenge study
Phase 1b subject age range 18–49 years Healthy adult subjects enrolled in the Phase 1b challenge study
Expected timing of preliminary efficacy results Late 2026 to early 2027 Anticipated window for Phase 1b CDI-988 preliminary results
Phase 1b norovirus challenge study medical
"the last subject has been dosed in its Phase 1b norovirus challenge study"
norovirus acute gastroenteritis medical
"first oral antiviral drug candidate developed for norovirus acute gastroenteritis"
viral shedding medical
"Secondary endpoints include reduction of viral shedding and disease severity"
Viral shedding is the process by which an infected person or animal releases virus particles into the environment, through actions like coughing, sneezing, breathing, or bodily fluids. It matters to investors because the amount and duration of shedding affect how contagious a disease is, the public health response, and regulatory safety assessments for vaccines or therapies; think of shedding like seeds being scattered, determining how far and easily an infection can spread.
pharmacokinetic profiles medical
"Secondary endpoints include reduction of viral shedding and disease severity, as well as safety and pharmacokinetic profiles"
Measurements and charts that describe how a drug moves through and leaves the body over time — including how quickly it is absorbed, how it spreads to tissues, how the body breaks it down, and how it is excreted. Think of it like a timeline showing blood levels after taking a pill, with key numbers such as peak concentration, total exposure, and half‑life. Investors use these profiles to gauge a drug’s dosing needs, safety window, development complexity, and how it compares to competing medicines.
double-blind, placebo-controlled medical
"The Phase 1b randomized, double-blind, placebo-controlled study was conducted"
A clinical trial design in which participants are randomly assigned to receive either the experimental treatment or an inactive substitute (a placebo), and neither the participants nor the researchers know who is receiving which. This setup limits bias and makes it far easier to tell whether a drug or intervention truly works, similar to a blind taste test, so results carry more weight for regulatory decisions and for investors assessing a product’s commercial prospects.

FAQ

What did Cocrystal Pharma (COCP) announce about its CDI-988 norovirus program?

Cocrystal Pharma announced that the last subject has been dosed in its Phase 1b human norovirus challenge study of CDI-988, an oral antiviral candidate being evaluated for both prevention and treatment of norovirus infections, with no serious adverse events reported so far.

What is CDI-988 and how has it performed in earlier trials for Cocrystal Pharma (COCP)?

CDI-988 is described as the first oral antiviral drug candidate developed for norovirus acute gastroenteritis, designed to inhibit viral replication in all known strains. In a prior Phase 1 trial in Australia, CDI-988 was reported as safe and well tolerated with no serious adverse events.

When does Cocrystal Pharma (COCP) expect Phase 1b results for CDI-988?

Cocrystal Pharma expects to report preliminary efficacy results from the ongoing Phase 1b norovirus challenge study of CDI-988 in late 2026 or early 2027, which are expected to guide decisions on further clinical development of the candidate.

What are the design and key endpoints of Cocrystal Pharma’s (COCP) Phase 1b CDI-988 study?

The Phase 1b study is randomized, double-blind, and placebo-controlled, conducted at Emory University School of Medicine in healthy subjects aged 18–49 infected with the GII.2 Snow Mountain Virus strain. The primary endpoint is efficacy versus placebo in reducing clinical symptoms, with secondary endpoints including viral shedding, disease severity, safety, and pharmacokinetics.

How large is the norovirus disease burden described by Cocrystal Pharma (COCP)?

Norovirus is described as causing an estimated 685 million global cases annually and a $60 billion worldwide economic impact. In the U.S., it is associated with about 21 million infections, 109,000 hospitalizations, and approximately 900 deaths each year.

What dose of CDI-988 is used in Cocrystal Pharma’s (COCP) Phase 1b challenge study?

Cocrystal states that a 1200 mg dose of CDI-988, previously established as safe in a Phase 1 dose-escalation study in healthy volunteers in Australia, is the dose being administered to healthy volunteers who are then infected with norovirus in the ongoing Phase 1b challenge study.

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false 0001412486 0001412486 2026-09-09 2026-09-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 9, 2026

 

Cocrystal Pharma, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38418   35-2528215

(State or other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

19805 N. Creek Parkway

Bothell, WA

  98011
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (877) 262-7123

 

(Former name or former address, if changed since last report.): n/a

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   COCP   The Nasdaq Stock Market, LLC
(The Nasdaq Capital Market)

 

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On September 9, 2026, Cocrystal Pharma, Inc. (the “Company”) issued a press release announcing the last subject has been dosed in its Phase 1b norovirus challenge study (NCT07198139) evaluating CDI-988 as both a preventive and treatment for norovirus infections. A copy of the press release is furnished as Exhibit 99.1.

 

The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under such section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
99.1   Press Release dated September 9, 2026
104  

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Cocrystal Pharma, Inc.
     
Date: September 9, 2026 By: /s/ James Martin
  Name: James Martin
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

Cocrystal Pharma Announces Last Subject Dosed in Phase 1b Human Challenge Study Evaluating CDI-988 for Norovirus Prevention and Treatment

 

No serious adverse events reported to date

 

Preliminary efficacy results expected in late 2026 or early 2027

 

MIAMI, Fla. And BOTHELL, Wash., September 09, 2026 — Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”), a biotechnology company developing novel therapeutics to meet the growing global need for effective, safe antiviral treatments, today announced that the last subject has been dosed in its Phase 1b norovirus challenge study (NCT07198139) evaluating CDI-988 as both a preventive and treatment for norovirus infections.

 

CDI-988 is the first oral antiviral drug candidate developed for norovirus acute gastroenteritis and is designed to inhibit viral replication in all known norovirus strains. CDI-988 completed a Phase 1 clinical trial in Australia, with data showing CDI-988 was safe and well tolerated in humans, with no serious adverse events reported.

 

“Completion of this critical milestone brings us closer to addressing one of the most pressing unmet needs in infectious disease,” said James Sapirstein, Chief Executive Officer of Cocrystal Pharma. “Norovirus imposes an enormous burden on patients and health systems, with particular risk in settings such as hospitals, nursing homes, cruise ships, schools and military facilities. We look forward to reporting preliminary results near the end of 2026 or early 2027 and to advancing CDI-988 as a potential first-in-class oral antiviral for norovirus.”

 

The Phase 1b randomized, double-blind, placebo-controlled study was conducted at Emory University School of Medicine and enrolled healthy subjects ages 18-49, who were infected with the norovirus GII.2 (Snow Mountain Virus) strain and orally administered CDI-988 or placebo. The primary endpoint is efficacy versus placebo in reducing the incidence of clinical symptoms. Secondary endpoints include reduction of viral shedding and disease severity, as well as safety and pharmacokinetic profiles.

 

“Reaching last-subject-dosed in the first clinical trial of a direct-acting antiviral specifically targeting norovirus is a significant achievement for our team,” said Sam Lee, Ph.D., President and Chief Scientific Officer of Cocrystal Pharma. “The efficacy and safety data from this study are expected to provide a strong rationale for further clinical advancement of CDI-988.”

 

CDI-988 previously demonstrated favorable safety and tolerability in a Phase 1 study across all dose levels, including the highest dose of 1200 mg administered. The 1200 mg dose, established as safe in the earlier Phase 1 dose-escalation study in healthy volunteers conducted in Australia, is the dose being administered to healthy volunteers who are then infected with norovirus in the ongoing Phase 1b challenge study.

 

 

 

 

About Norovirus

 

With an estimated 685 million global cases annually and a $60 billion worldwide economic impact, norovirus represents one of healthcare’s most pressing unmet needs. In the U.S., noroviruses are responsible for an estimated 21 million infections annually, including 109,000 hospitalizations, 465,000 emergency department visits and an estimated 900 deaths. The annual burden of norovirus to the U.S. is estimated at $10.6 billion. Noroviruses are responsible for up to 1.1 million hospitalizations and 218,000 deaths annually in children in the developing world.

 

About Cocrystal Pharma, Inc.

 

Cocrystal Pharma, Inc. is a clinical-stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication process of noroviruses, influenza viruses, coronaviruses (including SARS-CoV-2), and hepatitis C viruses. Cocrystal employs unique structure-based technologies to create viable antiviral drugs. For more information, visit www.cocrystalpharma.com.

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the advancing of CDI-988 as a potential first-in-class oral antiviral for norovirus. Words such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” and “expect,” as they relate to the Company, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events. Some or all of the events anticipated by these forward-looking statements may not occur. Important factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to, the risks and uncertainties arising from inflation, affordability, the possibility of a recession, increases or other developments with respect to interest rates, uncertainty surrounding the impacts arising from imposed and threatened tariffs and developments with respect thereto, and wars and geopolitical conflicts including those in Ukraine and with Iran on our Company, our collaboration partners, and on the U.S. and global economies, including manufacturing and research delays arising from raw materials and labor shortages, supply chain disruptions and other business interruptions including any adverse impacts on our ability to obtain raw materials and test animals as well as similar problems with our vendors our and our collaboration partners’ technology and software performing as expected, financial difficulties experienced by certain partners, risks arising from the research into a related virus was not done in animals and was necessarily early stage, the results of future preclinical and clinical trials, general risks arising from clinical trials, receipt of regulatory approvals, regulatory changes and potential litigation challenging initiatives and actions taken by the Trump Administration which could, among other things, result in delays in regulatory approvals or limit access to federal funding for our programs, development of effective treatments and/or vaccines by competitors, including as part of the programs financed by the U.S. government, potential mutations in a virus we are targeting which may result in variants that are resistant to a product candidate we develop, and our liquidity. Further information on our risk factors is contained in our filings with the SEC, including the “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

 

Investor Contact:

 

Nicolas Johnson

Russo Partners

nic.johnson@russopartnersllc.com

(303) 482-6405

 

Media Contact:

 

David Schull

Russo Partners

david.schull@russopartnersllc.com

(858) 717-2310

 

 

 

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