Cocrystal Pharma: The Strategic Reset Investors May Be Missing
Cocrystal Pharma (COCP) appointed Robert Sapirstein as CEO, with a compensation package tied to performance and equity. Phillip Frost, chairman of OPKO Health (OPK), invested $5 million in COCP. The company's board includes notable figures with pharmaceutical and corporate experience. COCP's antiviral candidate, CDI-988, is in Phase 1b trials with FDA Fast Track designation, targeting norovirus and other viruses. The company has $7.1 million in cash, providing a runway until Q1 2024.
