Pharmasset to conduct public offering
Pharmasset to conduct public offering of 3.2 million shares
Companies:Pharmasset, Inc..On Tuesday May 11, 2010, 6:21 pm EDT
PRINCETON, N.J. (AP) -- Pharmasset Inc. has begun a public offering of 3.2 million shares of its common stock, the company said Tuesday.
The pharmaceutical company said it will grant underwriters an option to purchase up to 480,000 additional shares.
Pharmasset said it intends to use the net proceeds from the sale of the shares for general corporate purposes, including funding of clinical trials or acquisitions.
Shares of the company rose 82 cents to close at $29.20 Tuesday.
surf's up......crikey
