Teva & Cocrystal Discovery Ink Antiviral Pact
Teva will initially invest $7.5 million in CDI for the development of an antiviral drug targeting the polymerase enzyme of the hepatitis C virus.
Teva Pharmaceutical announced last week that the company signed a collaboration option to license and invest in Cocrystal Discovery Inc. (CDI), a biopharma company focused on the discovery and development of novel antiviral therapeutics for the treatment of serious and chronic viral diseases.
The investment in CDI will be used to continue its development program of antiviral drugs that target viral replication enzymes. CDI is using its technologies to develop oral, once-a-day, broad-spectrum antivirals for the treatment of hepatitis C, influenza and rhinovirus (common cold).
Teva will initially invest $7.5 million in CDI for the development of an antiviral drug targeting the polymerase enzyme of the hepatitis C virus. Upon completion, Teva will have the option to make a
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