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Cocrystal Pharma (NASDAQ: COCP) highlights pan-viral inhibitor data and Phase 1b progress

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cocrystal Pharma, Inc. reported new preclinical data showing its novel direct-acting antivirals have pan-viral activity against multiple viruses, including hantavirus, bunyavirus and influenza. These molecules target a highly conserved region of the viral replication enzyme, specifically the L-protein of Andes hantavirus, which is essential for replication and transcription.

The Company highlighted in vitro potency data with superior activity, including IC50 values below 50 nM against hantaan virus, a close relative of the Andes hantavirus strain linked to recent outbreaks. Cocrystal also noted that its first pan-viral protease inhibitor, CDI-988, has advanced into a Phase 1b norovirus challenge study in the United States, while it works to develop a pan-viral lead molecule and explore potential collaborations to address viral diseases that currently lack approved treatments or vaccines.

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Insights

Cocrystal reports early pan-viral antiviral data and advances a protease candidate.

Cocrystal Pharma described discovery-stage antivirals that inhibit a conserved L-protein region in hantaviruses, bunyaviruses and influenza. Targeting conserved replication enzymes can, in principle, support broad-spectrum activity if later animal and human studies confirm these early findings.

The Company also noted that its pan-viral protease inhibitor CDI-988 has progressed to a Phase 1b norovirus challenge study in the U.S., indicating at least one program has entered human testing. By contrast, the newly described replication inhibitors remain at the in vitro stage, so their future depends on subsequent preclinical and regulatory milestones.

The press release emphasizes significant unmet needs in hantavirus and bunyavirus infections, which currently have no approved antivirals or vaccines and high reported case fatality rates. Actual impact for Cocrystal will depend on how these candidates perform in animal models, clinical studies, and any collaborations that the Company may enter.

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, and exhibit attachments filed with this report.
In vitro potency IC50 <50 nM Against hantaan virus in preclinical assays
Cruise ship outbreak infections Up to 11 people Andes hantavirus outbreak on a cruise ship
Cruise ship outbreak deaths 3 deaths Outcome of Andes hantavirus cruise ship outbreak
HCPS case fatality rate Up to 50% Hantavirus cardiopulmonary syndrome from Andes hantavirus
Program stage Phase 1b CDI-988 norovirus challenge study in the United States
Cruise outbreak description date May 26, 2026 Date of Cocrystal press release describing pan-viral data
pan-viral inhibitors medical
"Novel, potent pan-viral inhibitors targeting the viral replication complex are under development"
Drugs or compounds designed to block a wide range of viruses rather than targeting just one species; they act on shared features of viruses or on host cell processes the viruses need. Think of them like a broad-spectrum tool that can fix many different leaks instead of a single specialized wrench. For investors, pan-viral inhibitors can mean larger potential markets and lower reliance on one outbreak, but they also carry scientific and regulatory uncertainty about broad effectiveness and safety.
L-protein medical
"These antiviral molecules target a highly conserved region of the viral replication enzyme, specifically the L-protein of Andes hantavirus"
IC50 medical
"In vitro potency data show superior activity (IC50 <50 nM) against hantaan virus"
IC50 is the concentration of a drug or compound needed to reduce a specific biological activity by half, commonly used to compare how potent experimental treatments are in laboratory tests. For investors, a lower IC50 often signals a stronger candidate that may require smaller doses, influence development costs, safety margins and competitive positioning, so it offers an early measure of technical promise though it does not guarantee clinical or commercial success.
Phase 1b norovirus challenge study medical
"Our first pan-viral protease inhibitor, CDI-988, recently advanced to a Phase 1b norovirus challenge study in the United States"
Structure Activity Relationships technical
"providing immediate insight to guide Structure Activity Relationships"
structure-based drug discovery platform technical
"Cocrystal is leveraging its structure-based drug discovery platform technology to design next-generation antiviral candidates"
false 0001412486 0001412486 2026-05-26 2026-05-26 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): May 26, 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 May 26, 2026, Cocrystal Pharma, Inc. (the “Company”) issued a press release regarding its novel direct-acting antivirals. 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 May 26, 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: May 26, 2026 By: /s/ James Martin
  Name: James Martin
  Title: Co-Chief Executive Officer and Chief Financial Officer

 

 

 

 

 

Exhibit 99.1

 

 

Cocrystal Pharma Announces Discovery of Pan-Viral Inhibitors

Targeting Hantavirus, Bunyavirus and Influenza

 

Novel, potent pan-viral inhibitors targeting the viral replication complex are under development for the treatment of hantavirus, bunyavirus and influenza
Hantavirus and bunyavirus infections represent significant unmet medical needs, contribute to ongoing global outbreaks and have no approved treatments or vaccines

 

BOTHELL, Wash. (May 26, 2026) – Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”) announces that its novel direct-acting antivirals demonstrate pan-viral activity against multiple viruses, including hantavirus, bunyavirus and influenza. These antiviral molecules target a highly conserved region of the viral replication enzyme, specifically the L-protein of Andes hantavirus, which is essential for viral replication and transcription. In vitro potency data show superior activity (IC50 <50 nM) against hantaan virus, which is closely related to the Andes hantavirus strain associated with recent outbreaks.

 

“We are thoughtfully leveraging our expertise in viral replication enzymes and structure-based drug discovery to develop the next generation of pan-viral replication inhibitors. Our first pan-viral protease inhibitor, CDI-988, recently advanced to a Phase 1b norovirus challenge study in the United States. Our research efforts have expanded to novel pan-viral replication inhibitors with the goal of developing a novel pan-viral lead molecule for multiple viral diseases caused by hantaviruses, bunyaviruses and influenza viruses,” said Sam Lee, Ph.D., President and co-CEO of Cocrystal Pharma. “We are encouraged by our initial in vitro potency data against hantavirus and plan to evaluate in vitro antiviral activity against the Andes hantavirus replication enzyme. We look forward to exploring collaborations and partnerships to address these urgent unmet needs.”

 

The Andes hantavirus was recently responsible for a deadly outbreak on a cruise ship, infecting up to 11 passengers and crew, resulting in three deaths. Hantaviruses are primarily transmitted by rodents, although human-to-human transmission can occur through prolonged close contact. Andes hantavirus, a member of the genus Hantavirus, is endemic in Argentina and Chile and causes hantavirus cardiopulmonary syndrome (HCPS), which is associated with a case fatality rate of up to 50%. Currently, there are no approved antivirals or vaccines for Andes hantavirus or other hantaviruses.

 

About Cocrystal Pharma’s Structure-Based Drug Discovery Platform

 

Cocrystal is leveraging its structure-based drug discovery platform technology to design next-generation antiviral candidates that precisely target viral replication mechanisms. By binding to highly conserved regions of viral enzymes, the Company’s compounds aim to maintain potency against mutating strains while minimizing off-target effects, offering potentially safer, broad-spectrum antiviral solutions. This approach streamlines candidate identification and optimization, enabling more rapid progression of promising therapies with robust resistance and safety profiles.

 

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The Company’s platform provides a three-dimensional structure of inhibitor complexes at near-atomic resolution, providing immediate insight to guide Structure Activity Relationships. This helps identify novel binding sites and enables a rapid turnaround of structural information through highly automated X-ray data processing and refinement. The goal of this technology is to facilitate the development of novel broad-spectrum antivirals for the treatment of acute, chronic and potentially pandemic viral diseases.

 

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 and Nobel Prize-winning expertise to create viable antiviral drugs. For further information about Cocrystal, please 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 Company’s research and development of pan-viral replication inhibitors and exploration of collaborations and partnerships with respect thereto. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, 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:

 

Alliance Advisors IR

Bruce Voss

bvoss@allianceadvisors.com

310-691-7104

 

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FAQ

What did Cocrystal Pharma (COCP) announce about its pan-viral antivirals?

Cocrystal Pharma announced that its novel direct-acting antivirals show pan-viral activity against hantavirus, bunyavirus and influenza. These molecules target a highly conserved region of the viral replication enzyme, suggesting potential broad-spectrum activity pending further preclinical and clinical evaluation.

Which viral target do Cocrystal Pharma’s new inhibitors focus on?

The new inhibitors target a highly conserved region of the viral replication enzyme known as the L-protein of Andes hantavirus. This protein is essential for viral replication and transcription, making it a strategic target for pan-viral antiviral development according to the Company’s description.

What potency data did Cocrystal Pharma report for its hantavirus program?

Cocrystal reported in vitro potency data showing superior activity with IC50 values below 50 nM against hantaan virus. Hantaan virus is closely related to the Andes hantavirus strain associated with recent outbreaks, providing an early laboratory signal that supports further research on these replication inhibitors.

How advanced is Cocrystal Pharma’s CDI-988 antiviral candidate?

Cocrystal stated that CDI-988, its first pan-viral protease inhibitor, has advanced into a Phase 1b norovirus challenge study in the United States. This means CDI-988 is already in human testing, whereas the newly described replication inhibitors remain in earlier in vitro research stages.

Why are hantavirus and bunyavirus important targets for Cocrystal Pharma (COCP)?

The Company noted that hantavirus and bunyavirus infections represent significant unmet medical needs and contribute to ongoing global outbreaks. These viruses currently have no approved treatments or vaccines, and Andes hantavirus can cause hantavirus cardiopulmonary syndrome with reported case fatality rates up to 50%.

What drug discovery approach is Cocrystal Pharma using for its antiviral pipeline?

Cocrystal is using a structure-based drug discovery platform to design antiviral candidates that bind highly conserved regions of viral enzymes. The platform provides near-atomic resolution structures of inhibitor complexes, helping optimize potency, resistance profiles and safety while aiming to accelerate development of broad-spectrum antivirals.

Filing Exhibits & Attachments

5 documents