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Pharmasset Reports Financial Results for Quarter Ended March 31, 2008

$464,292 $5,464,291



Research and development 8,990,469 5,109,224

General and administrative 3,809,073 2,197,014


Total costs and expenses 12,799,542 7,306,238


OPERATING (LOSS) INCOME (12,335,250) (1,841,947)

INVESTMENT INCOME 585,048 390,093

INTEREST EXPENSE (386,161) (5,092)


(LOSS) INCOME BEFORE INCOME TAXES (12,136,363) (1,456,946)



NET (LOSS) INCOME (12,136,363) (1,456,946)




COMMON STOCKHOLDERS $(12,136,363) $(1,743,780)



NET (LOSS) INCOME $(12,136,363) $(1,456,946)




COMPREHENSIVE NET (LOSS) INCOME: $(12,165,935) $(1,456,716)



SOURCE Pharmasset, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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