Thursday, September 03, 2020
Cocrystal Pharma Inc. (COCP)
The High Unmet Need Persists in Influenza
Cocrystal Pharma Inc is a clinical stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication machinery of influenza viruses, hepatitis C viruses, and noroviruses. The company employs structure-based technologies and Nobel Prize-winning expertise to create first-and best-in-class antiviral drugs. It is developing CC-31244, an investigational, oral, broad-spectrum replication inhibitor called a non-nucleoside inhibitor (NNI). CC-31244 is currently being evaluated in a Phase 2a study for the treatment of hepatitis C as part of a cocktail for ultra-short therapy of 4 to 6 weeks.
Ahu Demir, Ph.D., Biotechnology Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A late-stage influenza asset development is halted. The Janssen Pharmaceutical announced a strategic decision to discontinue the development of pimodivir, a Phase 3 clinical asset. The study results showed that pimodivir in combination with the standard of care (SOC) was very unlikely to demonstrate improved benefit in hospitalized patients with influenza A compared to SOC treatment alone. The study in both hospitalized patients and outpatients with influenza A was halted.
What does it mean? Cocrystal has two influenza programs: i) CC-42344 in influenza A, and ii) influenza A/B program in collaboration with Merck. CC-42344, influenza A PB2 inhibitor, is an investigational new drug (IND)-enabling stage. Cocrystal’s influenza programs have a large market potential (the worldwide (WW) sales of influenza drugs in the U.S. is expected to reach over $2.5 billion in 2026 …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
