Biozone Pharma plans reverse merger with Cocrystal Discovery
USA-based Biozone Pharmaceuticals (OTCBB: BZNE) shares dropped nearly 5.5% when it revealed last week it had agreed to terms and signed a Letter of Intent to merge with Cocrystal Discovery, a privately-held, biotechnology company, in a deal expected to close by year-end. Financial terms were not disclosed.
Cocrystal Discovery has breakthrough technologies that enable the creation of first- and best-in-class antivirals. Cocrystal Discovery has previously received strategic investments from Teva Pharmaceuticals, Opko Health and The Frost Group. Opko Health and The Frost Group together own about 40% of Cocrystal Discovery.
Cocrystal research programs
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