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Gilead Sciences, Inc.
Drug Names(s): PSI-352938, PSI-938, GS-0938
Description: PSI-938 is a third generation prodrug purine (guanosine) nucleotide analogue polymerase inhibitor of hepatitis C virus (HCV).
Deal Structure: In November 2011, Gilead and Pharmasset announced that the companies have signed a definitive agreement under which Gilead will acquire Pharmasset for $137 per share in cash. The transaction values Pharmasset at approximately $11 billion. In January 2012, Gilead announced the successful completion of the tender offer for all of the outstanding shares of common stock of Pharmasset.
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