Brief: Cocrystal Pharma Got Notice From Merck Sharp & Dohme Of Election To Terminate Agreement

Cocrystal Pharma

21/12/2023 22:27

Dec 21 (Reuters) - Cocrystal Pharma Inc  COCP.O :
    * COCRYSTAL PHARMA: ON DEC 15, GOT NOTICE FROM MERCK SHARP &
DOHME
OF ELECTION TO TERMINATE AGREEMENT DATED JAN 2, 2019
    * COCRYSTAL PHARMA INC- TERMINATION OF THE AGREEMENT IS
EFFECTIVE
ON MARCH 14, 2024
    * COCRYSTAL PHARMA INC: ACCORDING TO MERCK'S TERMINATION
NOTICE,
MERCK DETERMINED THERE WERE NO EXISTING CONDITIONS TO CONTINUE
COLLABORATION
    * COCRYSTAL PHARMA INC: AGREEMENT TERMINATION RESULTED FROM
INABILITY TO DEVELOP COMPOUNDS TO MEET A SPECIFIC ASPECT OF
MERCK'S PROGRAM
    * COCRYSTAL PHARMA INC: PENDING PATENT APPLICATIONS ON
COMPOUNDS
COVERED BY AGREEMENT & PREVIOUSLY FILED BY MERCK ON BEHALF OF
BOTH COS REMAIN IN PLACE

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