Discovery of Potent, Highly Selective, Broad Spectrum Antivirals

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Discovery of Potent, Highly Selective, Broad Spectrum Antivirals Fred Hutch/Merck Infectious Disease Summit May 10, 2018 Sam Lee, Ph.D. 1

Forward Looking Statements This presentation contains forward-looking statements, the anticipated timing of our drug development programs, including near-term milestones, and anticipated completion or initiation of studies, IND filings, and opportunities in the hepatitis C and influenza antiviral markets. Forward-looking statements also are prefaced by words such as "expect," "plan," "intend," "anticipate," and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including delays in manufacturing created by third parties, the ability of clinical research organizations to recruit patients, and the failure to obtain adequate financing to fund our programs. Also see the risk factors contained in our Form 10-K for the year ended December 31, 2017. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We do not intend to nor do we undertake any duty to update these forward-looking statements. 2

Corporate Overview Highlights Target Diseases Clinical Stage Antiviral Company Hepatitis Wholly Owned Product Portfolio Influenza Proprietary Drug Discovery Platform Norovirus Gastroenteritis 3

Opportunities Significant unmet medical needs across a variety of viral infections Influenza Seasonal and pandemic 3-5 million infections/year Estimated economic impact of seasonal flu in US: $50B to $150B Hepatitis Leading causes of liver failure and liver cancer Chronic infections > 71 million HCV Opportunity for shorter combination therapy Norovirus Chronic (potentially orphan indication) Acute gastroenteritis > 250 million acute cases/year No treatment available Economic cost in the US alone > $5 Billion Reference: https://www.cdc.gov/flu, www.cdc.gov/hepatitis, www.cdc.gov/norovirus 4

Cocrystal Drug Discovery Platform Technology For Developing Broad Spectrum Antiviral Therapeutics Drug target X-ray crystals Drug pocket selection Hit-to-lead process Lead optimization Drug candidates 5

Technology Platform Focuses on Well Validated Drug Targets: Viral Replication Enzymes >1000 cocrystal structures 1.0-2.6 Å Cocrystal s Robust Development Pipeline 6 cocrystalpharma.com

Structure-based Drug Discovery Technology Example of HCV fragment hits Inhibitor C Inhibitor B Inhibitor A Advantages of the Cocrystal approach Provides 3D structures of inhibitor protein complexes at near-atomic resolution with immediate insight to guide SAR Identifies attractive drug binding pockets Allows rapid turnaround of structural information through highly automated X-ray data processing and refinement 7 cocrystalpharma.com

CC-31244: Broad Spectrum HCV NNI Demonstration of Cocrystal s Enabling Technology HCV GT1 GT6 NS5B polymerase crystals CC-31244 HCV NS5B polymerase 8

Novel HCV Non-nucleoside Inhibitor, CC-31244 Properties Pharmacological properties Selection criteria Good antiviral activity (EC50, single digit nanomolar) High-affinity binding to a highly conserved drug binding site Broad spectrum against genotypes 1-6 High barrier to drug resistance Selective Pharmacokinetics Favorable PK properties Adequate half-time and biodistribution Potential for oral administration Chemical properties Stable molecule Suitable for API scale up and manufacturing Safety and toxicity Excellent profile for ADMET Absence of obvious cytotoxicity and cardiac toxicity Absence of obvious toxicity in animal studies 9

CC-31244 Binds To a Highly Conserved Drug Binding Site (NNI-4) of HCV NS5B Polymerase (A) HCV NS5B polymerase (B) Highly conserved NNI-4 site among HCV genotypes NNI-4 GDD Motif 10

CC-31244 Exhibits Broad Spectrum (Pan-genotypic) Antiviral Activity CC-31244 HCV replicon EC 50 fold change, <6 fold Genotype C-31244 EC 50, mm HCV replicon/chimeric replicon EC 50 results EC 50 Fold change Sofosbuvir EC 50, mm EC 50 fold change 1b 0.005 1.0 0.042 1.0 1a 0.009 1.8 0.034 0.8 2b 0.026 5.2 0.028 0.66 3a 0.011 2.2 0.14 3.2 4a 0.021 4.2 0.047 1.1 5a 0.002 0.4 0.075 1.7 11

Drug Discovery Platform Enables Development of Antivirals with High Barrier to Drug Resistance (A) Common NS5B drug resistant variants NNI-2 NNI-1 (B) Cocrystal s NS5B drug resistant crystals S365T M423T NNI-4 NNI-3 GDD Nuc N316C N316Y L419M S282T 12

CC-31244 Extends From the Highly Conserved NNI-4 site To the Polymerase Active Site ~90 NNI-4 NNI-4 Active site Active site 13

CC-31244, ng/ml CC-31244 Exhibits Excellent Liver Targeting 14

Phase 1a Study Completed Single ascending doses (complete) 20 mg 50 mg 100 mg 200 mg* 400 mg N = 40; 30 CC-31244, 10 placebo; * food effect assessed Multiple ascending doses (complete) 200 mg BID 400 mg QD N = 16; 12 CC-31244, 4 placebo x 7 days Endpoints Safety: adverse events (AEs) and laboratory abnormalities 15

Phase 1b Study Completed HCV GT1 HCV RNA 5 log 10 IU/ml Naive Single doses QD or BID x 7 days Endpoints 200 mg BID x 7 days Status N = 4; 3 CC-31244,1 placebo Complete 400 mg QD x 7 days Status N = 5; 4 CC-31244, 1 placebo Complete 600 mg QD x 7 days Status N = 5; 4 CC-31244, 1 placebo Efficacy: changes in HCV RNA viral load Safety: adverse events (AEs) and laboratory abnormalities Complete 16

HCV RNA IU/mL (log 10) Superior Viral Load Reduction HCV RNA viral load decline of 3 logs by 48 hours After the NNI treatment, the viral load levels were slowly increased 0.8 0.5 0.2-0.1-0.4-0.7-1 -1.3-1.6-1.9-2.2-2.5-2.8-3.1-3.4-3.7-4 Mean Viral Load Change From Baseline (CC-31244 at 400 mg QD or 200 mg BID x 7 days) CC-31244 400 mg QD 200 mg BID 1 2 3 4 5 6 7 8 9 10 11 12 13 Day 400 qd mean 200 bid mean No CC-31244 17

Cocrystal s HCV Strategy: Shorter Combination Therapy Multiple opportunities in developing shorter combination therapy with approved HCV drugs CC-31244 NS5B NNI + NS5A Inhibitor NS5B Nuc 2 or 3 broad spectrum drugs for shorter therapy NS3 Protease Inhibitor 18

Best-in-Class Potential of Any NNI Drug Genotype Dose (mg) Treatment Duration (days) Viral load reduction (Log 10 IU/ml) CC-31244 Genotype 1-6 400 7 (QD) -3.0 ABT-333* (Dasabuvir) Genotype 1 400 3 (BID) -1.08 800 3 (BID) -0.95 GS-9190 (Tegobuvir) Genotype 1 40 3 (BID) -1.0 (* : approved DAA) 120 3 (BID) -1.5 19

Influenza A Preclinical Lead CC-42344 Influenza Crystals CC-42344 Potent and favorable PK profiles Excellent anti-influenza activity against pandemic, seasonal, and Tamiflu resistant influenza strains Binds a highly conserved site Novel mechanism of action IND filing scheduled in 2018 20

Summary and Conclusion Demonstrated value of Cocrystal s drug discovery platform for developing broad spectrum antivirals Demonstrated a favorable preclinical profile of Cocrystal s HCV lead, CC-31244 Completed CC-31244 Phase 1a and 1b; demonstrated an acceptable safety profile in both healthy volunteers and HCV RNA viral load reduction of ~3 logs by 48 hours CC-31244 Phase 2a scheduled in Q2 2018 Additional influenza and Noro IND filings scheduled in 2018/2019 21

Thank You! NASDAQ: COCP