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Cocrystal Pharma (COCP) advances Fast Track CDI-988 in Phase 1b norovirus challenge study

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

Rhea-AI Filing Summary

Cocrystal Pharma, Inc. filed a current report describing new clinical and scientific visibility for its oral norovirus drug candidate CDI-988. The company presented mechanism-of-action and early clinical data at the ICAR 2026 antiviral research conference, highlighting completed Phase 1 results and an ongoing Phase 1b human challenge study.

CDI-988, a first oral direct-acting 3CL protease inhibitor for norovirus, was generally safe and well tolerated in a randomized, double-blind, placebo-controlled Phase 1 trial in healthy adults at doses up to 1,200 mg, with no serious adverse events. The Phase 1b challenge trial at Emory University and the University of North Carolina plans to enroll up to 40 adults, with a fully enrolled initial cohort establishing infectivity of the norovirus GII.2 inoculum before prevention and treatment cohorts receiving 1,200 mg twice daily for five days.

The company notes that CDI-988 has U.S. FDA Fast Track designation for treatment and prophylaxis of norovirus infection, a disease with substantial global burden and no approved vaccines or therapies.

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Insights

Cocrystal advances CDI-988 into a human challenge Phase 1b with Fast Track status but still at early-stage risk.

Cocrystal highlights CDI-988, an oral 3CL protease inhibitor, with completed Phase 1 data showing it was generally safe and well tolerated up to 1,200 mg. The drug targets conserved regions across norovirus genotypes, aiming to overcome prior vaccine challenges tied to viral diversity.

The ongoing Phase 1b human challenge study at Emory and UNC plans up to 40 adults, using staged cohorts to first confirm infectivity, then test prevention and treatment dosing at 1,200 mg twice daily. This design can efficiently show proof of concept but still carries typical early-stage clinical and operational risks.

FDA Fast Track designation for treatment and prophylaxis supports regulatory engagement for CDI-988 and reflects the lack of approved norovirus therapies. Actual value will depend on forthcoming Phase 1b efficacy readouts and later-phase trial results, which are not yet available in this disclosure.

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.
Global norovirus economic burden $60 billion annually Estimated worldwide economic impact of norovirus
Global norovirus cases 685 million cases per year Estimated worldwide norovirus incidence
Global norovirus deaths 200,000 deaths per year Estimated worldwide mortality from norovirus
U.S. annual infections 21 million infections Estimated yearly norovirus infections in the U.S.
U.S. economic burden $10.6 billion annually Estimated annual norovirus-related economic burden in the U.S.
Phase 1 maximum dose 1,200 mg Highest CDI-988 dose in Phase 1, generally safe and well tolerated
NOAEL in toxicology 1,000 mg/kg No-observed adverse effect level in GLP toxicology studies
Phase 1b planned enrollment Up to 40 adults Target population for ongoing human challenge study
Phase 1b human challenge study medical
"The ongoing Phase 1b randomized, double-blind, placebo-controlled challenge study (NCT07198139) is being conducted"
3CL protease medical
"CDI-988 is designed to target the highly conserved region of the 3CL protease across all known norovirus strains"
3CL protease is an enzyme viruses use to cut long viral protein chains into the smaller parts needed to assemble new virus particles; it is often called the “main protease.” Investors care because blocking this molecular scissors can stop viral replication, making 3CL protease a prime drug target for antiviral therapies. Think of it like disabling the key machine on a factory line—successful inhibitors can create value by enabling effective treatments.
Fast Track designation regulatory
"CDI-988 has been granted Fast Track designation by the U.S. Food and Drug Administration (FDA)"
A "fast track designation" is a process that speeds up the review and approval of a product or project, allowing it to reach the market or be completed more quickly than usual. For investors, it can signal that a product may become available sooner, potentially leading to earlier revenue or benefits, and indicating a priority status that might influence company performance and market opportunities.
no-observed adverse effect medical
"a no-observed adverse effect of 1,000 mg/kg in GLP toxicology studies"
enteronoid model systems medical
"demonstrated potent antiviral activity in GII.4-infected human enteronoid model systems"
structure-based drug discovery platform technical
"developed using Cocrystal’s proprietary structure-based drug discovery platform technology"
false 0001412486 0001412486 2026-04-30 2026-04-30 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): April 30, 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 April 30, 2026, Cocrystal Pharma, Inc. (the “Company”) issued a press release, announcing that the mechanism of action and clinical advancement of its first oral protease inhibitor CDI-988 were featured today in an oral presentation at the 39th International Conference on Antiviral Research (ICAR 2026) in Prague, Czech Republic. 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 April 30, 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: April 30, 2026 By: /s/ James Martin
  Name: James Martin
  Title: Co-Chief Executive Officer and Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

 

Cocrystal Pharma Presentation at ICAR 2026 Highlights Mechanism of Action and Clinical Advancement of CDI-988 for the Prevention and Treatment of Norovirus Infection

 

Ongoing Phase 1b human challenge study with oral, direct-acting protease inhibitor is designed to demonstrate proof-of-concept as a preventive and a treatment
Fully enrolled first cohort is assessing the infectivity of the human challenge inoculum
There are no approved treatments or vaccines for norovirus, the leading cause of acute gastroenteritis across all age groups and geographies with a $60 billion annual economic burden
FDA Fast Track designation granted for CDI-988 underscores the lack of approved therapies and seriousness of norovirus infection

 

BOTHELL, Wash. (April 30, 2026) – Cocrystal Pharma, Inc. (Nasdaq: COCP) (“Cocrystal” or the “Company”) announces that the mechanism of action and clinical advancement of its first oral protease inhibitor CDI-988 were featured today in an oral presentation at the 39th International Conference on Antiviral Research (ICAR 2026) in Prague, Czech Republic. The presentation, titled “First Oral Direct-Acting Antiviral CDI-988 for Norovirus Infection Prevention and Treatment: Novel Mechanism of Action and Phase 1 Study Results,” was delivered by Sam Lee, Ph.D., President and co-CEO of Cocrystal. Presentation slides are available on the Company’s website here.

 

“It was an honor to share our progress with CDI-988 with the global antiviral research community attending ICAR 2026,” said Dr. Lee. “Following favorable Phase 1 data, we have advanced CDI-988 into a Phase 1b study under a human challenge model that provides an efficient framework to rapidly demonstrate proof of concept as a preventive and as a treatment for norovirus infection. We have now completed enrollment of the stage 1 study cohort, which will establish the infectivity rate of the GII.2 (Snow Mountain Virus) challenge inoculum. This is a critical step in validating infectivity in the study cohorts.

 

“Multiple norovirus vaccine clinical studies have been initiated over the past decade, yet none have led to an approval in part due to the virus’s extensive genetic variation and drift, spanning 10 genogroups and 49 genotypes,” Dr. Lee added. “CDI-988 is designed to target the highly conserved region of the 3CL protease across all known norovirus strains, including GII.4 and the re-emerging GII.17 variants, as well as all coronaviruses. We believe this compound could offer a much-needed option for prevention and treatment in a convenient oral formulation that can be readily stockpiled in advance of norovirus outbreaks.”

 

CDI-988 is a first, oral direct-acting antiviral and was developed using Cocrystal’s proprietary structure-based drug discovery platform technology. As presented by Dr. Lee, in preclinical studies CDI-988 showed favorable gastrointestinal-targeted pharmacokinetics at the site of norovirus infection and also demonstrated potent antiviral activity in GII.4-infected human enteronoid model systems.

 

In a completed randomized, double-blind, placebo-controlled single- and multiple-ascending dose Phase 1 study in healthy adults, CDI-988 was generally safe and well tolerated across doses up to 1,200 mg, with headache as the most common treatment-emergent adverse event and no serious adverse events reported. These results, together with a no-observed adverse effect of 1,000 mg/kg in GLP toxicology studies, support CDI-988’s further clinical development in norovirus.

 

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The ongoing Phase 1b randomized, double-blind, placebo-controlled challenge study (NCT07198139) is being conducted at Emory University School of Medicine in collaboration with the University of North Carolina. The study is designed to enroll up to 40 healthy adults, ages 18 to 49, in staged cohorts. The stage 1 infectivity cohort, now fully enrolled, will be followed by prevention and treatment cohorts in which CDI-988 is administered at 1,200 mg twice daily for five days. The primary efficacy endpoint is reduction in the incidence of clinical symptoms, with secondary endpoints including reduction in viral shedding, disease severity, safety and pharmacokinetics.

 

CDI-988 has been granted Fast Track designation by the U.S. Food and Drug Administration (FDA) for the treatment and prophylaxis of norovirus infection, underscoring the serious nature of norovirus disease and the lack of approved therapies. Fast Track status is intended to facilitate development and expedite the review of drugs that address unmet medical needs, providing opportunities for more frequent FDA interactions, rolling review of a potential New Drug Application and potential eligibility for Priority Review.

 

About Norovirus

 

Norovirus is the leading cause of acute gastroenteritis among all age groups and all geographic regions. It is highly contagious and causes symptoms including nausea, vomiting, stomach pain, diarrhea, fatigue, fever and dehydration. It is notorious for outbreaks in semi-closed environments such as hospitals, nursing homes, cruise ships, schools and military facilities. Norovirus is responsible for an estimated 685 million cases and an estimated 200,000 deaths globally each year, with an approximate $60 billion in worldwide economic impact. In the United States alone, the virus is associated with 21 million infections annually, resulting in around 109,000 hospitalizations, 465,000 emergency department visits and 900 deaths. The estimated annual economic burden in the U.S. exceeds $10.6 billion. In developing nations, norovirus contributes up to 1.1 million hospitalizations and 218,000 pediatric deaths each year.

 

About ICAR

 

Hosted by the International Society for Antiviral Research (ISAR), the International Conference on Antiviral Research (ICAR) brings together leading scientists, researchers and industry professionals from around the world to discuss the latest advancements and breakthroughs in antiviral research. ICAR provides a variety of networking opportunities allowing members to connect with colleagues and establish new scientific relationships and collaborations with leaders in the antiviral field.

 

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 rhinoviruses. 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.

 

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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 any implications that CDI-988 is able to prevent and/or treat norovirus infections. 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 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 for and otherwise proceed with studies as well as similar problems with our vendors and our current and any future clinical research organization (CROs) and contract manufacturing organizations, the progress and results of the studies including any adverse findings or delays, the ability of us and our CROs to recruit volunteers for, and to otherwise proceed with, clinical studies, our and our collaboration partners’ technology and software performing as expected, financial difficulties experienced by certain partners, the results of any current and future preclinical and clinical studies, general risks arising from clinical studies, receipt of regulatory approvals, regulatory changes and any adverse developments which may arise therefrom, and general economic adverse effects from the ongoing conflict with Iran. 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

Jody Cain

310-691-7100

jcain@allianceadvisors.com

 

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FAQ

What did Cocrystal Pharma (COCP) announce about CDI-988 in this filing?

Cocrystal Pharma reported that its oral antiviral CDI-988 was featured in an ICAR 2026 presentation. The update emphasized completed Phase 1 safety results, an ongoing Phase 1b human challenge study, and FDA Fast Track designation for treating and preventing norovirus infection.

What stage of clinical development is Cocrystal Pharma’s (COCP) CDI-988 in now?

CDI-988 has completed a randomized, double-blind, placebo-controlled Phase 1 study in healthy adults. It is now in an ongoing Phase 1b human challenge study at Emory University and the University of North Carolina, testing preventive and treatment regimens in staged cohorts.

How safe was CDI-988 in Cocrystal Pharma’s (COCP) Phase 1 trial?

In the completed Phase 1 study, CDI-988 was generally safe and well tolerated up to 1,200 mg in healthy adults. Headache was the most common treatment-emergent adverse event, and no serious adverse events were reported, supporting further clinical evaluation in norovirus infection.

What is the design of the Phase 1b human challenge study for COCP’s CDI-988?

The Phase 1b study plans to enroll up to 40 healthy adults aged 18 to 49 in staged cohorts. An initial infectivity cohort, now fully enrolled, establishes the challenge dose, followed by prevention and treatment cohorts dosed with 1,200 mg twice daily for five days.

What does FDA Fast Track designation mean for Cocrystal Pharma’s (COCP) CDI-988?

CDI-988 has Fast Track designation from the FDA for treatment and prophylaxis of norovirus infection. This status is intended to speed development and review of drugs addressing unmet needs, allowing more frequent FDA interactions, rolling review, and potential Priority Review eligibility.

Why is Cocrystal Pharma (COCP) targeting norovirus with CDI-988?

Norovirus is the leading global cause of acute gastroenteritis, responsible for about 685 million cases and 200,000 deaths annually. There are no approved treatments or vaccines, and the virus’s genetic variation has hindered vaccines, creating a significant unmet need for antivirals like CDI-988.

Filing Exhibits & Attachments

5 documents