earnings
confidence high
sentiment neutral
materiality 0.55
Cocrystal Pharma reports 2025 net loss of $8.8M ($0.78/sh); cash $7.7M; norovirus challenge study underway
Cocrystal Pharma, Inc.
- Net loss $8.8M ($0.78/sh) vs $17.5M ($1.72/sh) in 2024; R&D spend down to $5.1M from $12.5M.
- Unrestricted cash $7.7M at Dec 31, 2025 vs $9.9M a year earlier; working capital $5.9M.
- Phase 1b norovirus challenge study of CDI-988 underway at Emory; first cohort evaluating GII.2 strain.
- CDI-988 is first oral antiviral candidate for norovirus; no approved treatments/vaccines exist; $60B global burden.
- Influenza CC-42344 Phase 2a completed; efficacy not reported due to trial conduct; plans for additional Phase 2a study.