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Pharmasset Reports First Fiscal Quarter 2008 Financial Results

s with the Securities and Exchange Commission.




Three Months Ended

December 31,


2007 2006


REVENUES $464,291 $8,116,584



Research and development 10,550,371 2,561,485

General and administrative 2,619,745 2,055,038


Total costs and expenses 13,170,116 4,616,523


OPERATING INCOME (LOSS) (12,705,825) 3,500,061

INVESTMENT INCOME 896,402 408,986

INTEREST EXPENSE (363,176) (1,841)


INCOME (LOSS) BEFORE INCOME TAXES (12,172,599) 3,907,206



NET INCOME (LOSS) (12,172,599) 3,907,206


ACCRETION - 284,197


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

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