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Pharmasset Reports Fiscal First Quarter 2009 Financial Results
Date:2/9/2009

PHARMASSET, INC. CONDENSED BALANCE SHEET (UNAUDITED) As of December 31, As of 2008 September 30, (unaudited) 2008 ----------- ---- ASSETS CURRENT ASSETS: Cash and cash equivalents $51,315,887 $63,073,103 Short-term investments 498,467 497,310 Amounts due from collaboration partner 906,072 1,169,690 Prepaid expenses and other assets 641,465 1,008,083 ------- --------- Total current assets 53,361,891 65,748,186 ---------- ---------- EQUIPMENT AND LEASEHOLD IMPROVEMENTS: Laboratory, office furniture and equipment 3,541,633 3,362,846 Leasehold improvements 1,836,553 1,836,553 --------- --------- 5,378,186 5,199,399 Less accumulated depreciation and amortization (2,681,396) (2,432,325) ---------- ---------- Total equipment and leasehold improvements, net 2,696,790 2,767,074 OTHER ASSETS 456,377 466,809 ------- ------- TOTAL $56,515,058 $68,982,069 =
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