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Pharmasset Reports First Fiscal Quarter 2008 Financial Results
Date:2/14/2008

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NET INCOME (LOSS) ATTRIBUTABLE

TO COMMON STOCKHOLDERS $(12,172,599) $3,623,009

==============================

COMPREHENSIVE NET INCOME (LOSS):

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

UNREALIZED GAIN (LOSS) ON

AVAILABLE-FOR-SALE INVESTMENTS - 2,195

------------------------------

COMPREHENSIVE NET INCOME (LOSS): $(12,172,599) $3,909,401

==============================

NET INCOME (LOSS) ATTRIBUTABLE

TO COMMON STOCKHOLDERS PER SHARE:

BASIC $(0.57) $0.35

DILUTED $(0.57) $0.33

WEIGHTED AVERAGE SHARES

OUTSTANDING:

BASIC 21,263,668 10,504,693

DILUTED 21,263,668 11,009,257

PHARMASSET, INC.

BALANCE SHEETS

As of

December 31, As of

2007 September 30,

(unaudited) 2007

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ASSETS

CURRENT ASSETS:

Cash and cash equivalents $61,464,961 $68,745,694

Short-term investments 1,252,113 1,252,113

Amounts due under collaborative

agreements 1,764,828 919,110

Prepaid expenses and other assets
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SOURCE Pharmasset, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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