PHARMASSET INC (NASDAQ:VRUS), Up By 72.65% ($56.47) From $77.730 After BUYINS.NET Report Predicted Strength Before Earnings
November 21, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, October 19th 2011 stating that PHARMASSET INC (NASDAQ:VRUS) was expected to be Up Before its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=vrus&id=201662
At the time this story was written, PHARMASSET INC (NASDAQ:VRUS) is Up By 72.65% ($56.47) From $77.730 since the BUYINS.NET report was released.
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PHARMASSET INC (NASDAQ:VRUS) - Pharmasset, Inc., a clinical-stage pharmaceutical company, focuses on discovering, developing, and commercializing novel drugs to treat viral infections. Its primary focus is on the development of nucleoside/tide analogs as oral therapeutics for the treatment of chronic hepatitis C virus (HCV) infection. Nucleoside/tide analogs are a class of compounds, which act as alternative substrates for the viral polymerase, inhibiting viral replication. The company has three clinical stage product candidates, including RG7128, an HCV cytosine nucleoside polymerase inhibitor; PSI-7977, an HCV uracil nucleotide analog polymerase inhibitor, which in Phase IIb clinical trial; and PSI-938, an HCV guanine nucleotide analog polymerase inhibitor, which in Phase Ib clinical trial. It is also developing PSI-661, an HCV guanine nucleotide analog polymerase inhibitor; and PSI-7977, PSI-938, and PSI-661. In addition, the company is developing Racivir for the treatment of human immunodeficiency virus. It has a strategic collaboration with F. Hoffmann-La Roche Ltd and Hoffmann-La Roche Inc. for the development of PSI-6130 and its prodrugs, including RG7128. The company also has collaboration and licensing agreements with University of Cincinnati; Apath, LLC; and Emory University. Pharmasset, Inc. was founded in 1998 and is based in Princeton, New Jersey.
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