January 29, 2010 (FinancialWire) — Pharmasset, Inc. (NASDAQ: VRUS) announced TODAY the pricing of an underwritten offering of 1.6 million shares of its common stock at a price of $18.75.

The company said it expects to receive net proceeds of around $28.6 million. In addition, Pharmasset has granted the underwriter a 30-day option to purchase up to an additional 230,400 shares of its common stock. The offering is scheduled to close on February 2, 2010.

New Jersey-based Pharmasset is a clinical-stage pharmaceutical company focused on discovering, developing and commercializing novel drugs to treat viral infections.

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