Biotech firm Cocrystal lands $10 million
Cocrystal Discovery said Friday it has raised $10 million in a private placement led by the Miami-based Frost Group. The newly formed company...
Seattle Times business reporter
Cocrystal Discovery said Friday it has raised $10 million in a private placement led by the Miami-based Frost Group.
The newly formed company was founded by former Icos executive vice president Gary Wilcox, former Icos researcher Sam Lee, and Roger Kornberg, a Stanford biology professor who was awarded the Nobel Prize in Chemistry in 2006.
It will focus on viral diseases , seeking to develop antiviral compounds that target replication enzymes . The company, with Wilcox as CEO, will initially focus on hepatitis and influenza.
Cocrystal Discovery is one of several firms founded by former employees of Icos, the big Bothell biotechnology company that was acquired by Eli Lilly in early 2007. Others include Calistoga Pharmaceuticals and CisThera, both based in Seattle.
This story, published Sept. 19, 2008, was corrected Jan. 21, 2014. Roger Kornberg's name had been misspelled.