The technique of solvent evaporation was found to be successful in formulating cocrystals of Carbamazepine polymorph III with itaconic acid. The cocrystals were found to possess morphological and physicochemical attributes different from plain drug. A comparison of drug release profile and other crystal-related data (Infrared spectroscopy, differential scanning calorimetry and x-ray diffractometry) of cocrystal with that of physical mixture of drug and coformer confirmed the changes in hydrophobicity and crystal structure of the drug by cocrystallization