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Pharmasset Reports Fiscal Second Quarter 2009 Financial Results
Date:5/11/2009

--------- --------- --------- Total costs and expenses 16,587,751 12,799,542 34,680,051 25,969,658 ---------- ---------- ---------- ---------- OPERATING LOSS (14,685,072) (12,335,250) (32,313,081) (25,041,075) INVESTMENT INCOME 57,685 585,048 167,209 1,481,450 INTEREST EXPENSE (844,822) (386,161) (1,601,734) (749,337) -------- -------- ---------- -------- LOSS BEFORE INCOME TAXES (15,472,209) (12,136,363) (33,747,606) (24,308,962) PROVISION FOR INCOME TAXES - - - - --- --- --- --- NET LOSS $(15,472,209) $(12,136,363) $(33,747,606) $(24,308,962) ============ ============ ============ ============ COMPREHENSIVE NET LOSS: NET LOSS $(15,472,209) $(12,136,363) $(33,747,606) $(24,308,962) UNREALIZED GAIN (LOSS) ON AVAILABLE- FOR-SALE INVESTMENTS - (29,572) - (29,572) --- ------- --- ------- COMPREHENSIVE NET LOSS $(15,472,209) $(12,165,935) $(33,747,606) $(24,338,534) ============ ============ ============ ============ NET LOSS PER SHARE BASIC $(0.59) $(0.57) $(1.36) $(1.14) DILUTED $(0.59) $(0.57) $(1.36) $(1.14) WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC 26,262,090 21,379,638 24,799,895 21,321,336 DILUTED 26,262,090 21,379,638 24,799,895 21,321,336 PHARMASSET, INC. CONDENSED BALANC
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