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12:00 AM
 | 
Dec 05, 2011
 |  BC Week In Review  |  Company News  |  Deals

Gilead, Pharmasset deal

Gilead will acquire HCV company Pharmasset for $137 per share in cash. The price is an 89% premium to Pharmasset's close of $72.67 on Nov. 18, before the deal was announced, and values Pharmasset at about $11 billion.

Pharmasset's PSI-7977 is in Phase III testing in combination with ribavirin to...

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