16 December 2025
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
Cocrystal Pharma, Inc.
CIK: 1412486•2 Annual Reports•Latest: 2025-03-31
10-K / March 31, 2025
Revenue:N/A
Income:-$17,500,000
10-K / April 17, 2024
Revenue:N/A
Income:-$17,984,000
10-K / March 31, 2025
Company Overview Summary
Company Name:
Cocrystal Pharma, Inc.
Industry:
Biotechnology / Pharmaceutical Research and Development
Core Focus:
- Developing novel antiviral therapeutics targeting serious and chronic viral diseases
- Employing structure-based drug discovery technologies combined with Nobel Prize-winning expertise
- Creating first-in-class and best-in-class antiviral drugs with broad-spectrum activity
Technology and Approach:
- Utilizing computational chemistry, medicinal chemistry, X-ray crystallography, and proprietary high-resolution structural information
- Targeting essential viral replication enzymes, especially conserved regions, to develop inhibitors effective against multiple strains and mutants
- Designing small molecule therapeutics with mechanisms intended to prevent resistance development
Target Viruses and Medical Needs:
- Influenza Virus: Developing oral and inhaled PB2 inhibitors (e.g., CC-42344), including candidates effective against resistant strains; plans for broader formulations
- Coronaviruses (including SARS-CoV-2 & MERS-CoV): Developing broad-spectrum protease inhibitors (e.g., CDI-988) for therapeutic use
- Norovirus: Creating inhibitors targeting RNA-dependent RNA polymerase and protease; currently in Phase 1 clinical trials
- HCV (Hepatitis C Virus): Developing ultra-short, pan-genotypic, oral antiviral regimens; targeting viral NS5B polymerase with non-nucleoside inhibitors
Employees & Operations:
- As of December 31, 2024, the company employs 11 full-time employees; 8 are engaged in clinical advancement, research, and development activities
- Also relies on contracts with clinical research organizations (CROs), CMOs, and consultants
Financials (2024):
- Revenue: None (no products commercialized yet)
- Net Loss: approximately $17.5 million
- Total Assets (as of Dec 31, 2024): approx. $13.5 million
- Cash & Restricted Cash: approx. $9.9 million
- No revenue from product sales; expenses mainly from R&D and general administrative costs
- R&D Expenses (2024): ~$12.5 million
- Admin Expenses (2024): ~$5.3 million
- Overall net loss: Slightly decreased from ~$18 million in 2023
Business Status:
- In early clinical or preclinical stages for all product candidates
- Has historically funded operations through equity offerings, including a private placement and an At-The-Market equity offering agreement
- Actively pursuing further funding to support ongoing and future research and development programs
Key Collaborations:
- Terminated collaboration with Merck (effected in March 2024)
- Terminated licensing agreements with Kansas State University Research Foundation (effective March 2024)
Market & Competition:
- Competing with large biotech and pharma companies like Roche, Gilead, Merck, Pfizer, Moderna, and others
- Focused on broad-spectrum antivirals to stay ahead of viral mutations and resistance issues
- No current regulatory approvals or commercial products
Summary:
Cocrystal Pharma, Inc. is a biotechnology company specializing in the discovery and development of antiviral drugs for viruses such as influenza, coronaviruses, norovirus, and hepatitis C. It employs cutting-edge, structure-based drug design techniques, with a small dedicated team of employees, and is in the preclinical/early clinical development stage with no revenue from sales yet. The company primarily funds its research through private equity, partnerships, and collaborations.
