earnings
confidence high
sentiment negative
materiality 0.70
Cocrystal Pharma FY2024 net loss $17.5M; cash $9.9M; pipeline advances
Cocrystal Pharma, Inc.
2025-Q1 EPS reported
-$0.23
- Net loss of $17.5M ($1.72 per share) for FY2024, vs. $18.0M ($1.87) in 2023; R&D expenses $12.5M.
- Cash and equivalents $9.9M as of Dec 31 2024, down from $26.4M a year earlier; working capital $9.2M.
- Plans to initiate norovirus human challenge study in U.S. in 2025 for oral pan-viral protease inhibitor CDI-988.
- Will continue Phase 2a influenza challenge study of CC-42344 after low infection rate precluded efficacy data.
- Expects topline results from CDI-988 high-dose cohort in Q2 2025.