Pharmasset: Difference between revisions

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'''Pharmasset''' is a pharmaceutical company that was established in 1998. It is primarily known for its research and development of antiviral drugs. The company was acquired by [[Gilead Sciences]] in 2012.
== Pharmasset ==


== History ==
[[File:Pharmasset_logo.jpg|thumb|right|Pharmasset logo]]


Pharmasset was founded in 1998 by [[Raymond Schinazi]], [[Dennis Liotta]], and [[Choongho Lee]]. The company was initially based in [[Atlanta]], Georgia, and focused on the development of antiviral drugs. In 2004, Pharmasset went public and was listed on the [[NASDAQ]] stock exchange.
'''Pharmasset''' was a pharmaceutical company that focused on the development of antiviral drugs, particularly for the treatment of [[hepatitis C]]. The company was founded in 1998 and was based in [[Princeton, New Jersey]]. Pharmasset gained significant attention in the pharmaceutical industry for its innovative approach to antiviral drug development, particularly its work on nucleotide analogs.


In 2011, Pharmasset made headlines with its experimental drug [[sofosbuvir]], a potential treatment for [[hepatitis C]]. The drug showed promising results in clinical trials, leading to a significant increase in the company's stock price.
=== History ===
Pharmasset was established by a group of scientists and entrepreneurs with the goal of developing new treatments for viral infections. The company initially focused on [[HIV]] and [[hepatitis B]] but later shifted its primary focus to [[hepatitis C virus|hepatitis C]] (HCV) due to the significant unmet medical need and market potential.


In 2012, Pharmasset was acquired by Gilead Sciences, a biopharmaceutical company based in [[Foster City]], California. The acquisition was valued at approximately $11 billion.
In 2011, Pharmasset was acquired by [[Gilead Sciences]], a major biopharmaceutical company, for approximately $11 billion. This acquisition was largely driven by Pharmasset's promising HCV drug candidates, which were seen as potential game-changers in the treatment of hepatitis C.


== Products ==
=== Research and Development ===
Pharmasset's research was centered around the development of nucleotide analogs, which are compounds that mimic the building blocks of viral RNA. These analogs are designed to inhibit viral replication by incorporating into the viral RNA and causing chain termination.


Pharmasset's primary focus was on the development of antiviral drugs. The company's most notable product is sofosbuvir, a drug used in the treatment of hepatitis C. Sofosbuvir is a [[nucleotide analogue]] that inhibits the [[hepatitis C virus]] (HCV) NS5B protein.
One of Pharmasset's most notable drug candidates was [[sofosbuvir]], a nucleotide analog that became a cornerstone in the treatment of hepatitis C. Sofosbuvir was approved by the [[Food and Drug Administration|FDA]] in 2013 and has been marketed under the brand name [[Sovaldi]]. It was the first oral, interferon-free treatment for hepatitis C, offering a more effective and less burdensome treatment option for patients.


Other products developed by Pharmasset include [[racivir]], a drug for the treatment of [[HIV]], and [[PSI-7977]], a drug for the treatment of hepatitis C.
=== Impact ===
The development of sofosbuvir and its subsequent approval marked a significant advancement in the treatment of hepatitis C. It allowed for shorter treatment durations, higher cure rates, and fewer side effects compared to previous therapies that relied on [[interferon]] and [[ribavirin]].


== Acquisition by Gilead Sciences ==
Pharmasset's work laid the foundation for the development of other direct-acting antivirals (DAAs) that have transformed the landscape of hepatitis C treatment, leading to the possibility of eradicating the disease as a public health threat.
 
In 2012, Gilead Sciences acquired Pharmasset for approximately $11 billion. The acquisition was primarily driven by Pharmasset's promising hepatitis C drug, sofosbuvir. Following the acquisition, Gilead Sciences continued the development of sofosbuvir, which was eventually approved by the [[Food and Drug Administration]] (FDA) in 2013.
 
== Impact ==
 
The acquisition of Pharmasset by Gilead Sciences has had a significant impact on the treatment of hepatitis C. Sofosbuvir, the drug developed by Pharmasset, is now a key component of several hepatitis C treatment regimens. The drug has been praised for its high cure rates and low side effects.
 
== See also ==


== Related pages ==
* [[Gilead Sciences]]
* [[Gilead Sciences]]
* [[Hepatitis C]]
* [[Hepatitis C]]
* [[Sofosbuvir]]
* [[Antiviral drug]]
* [[Antiviral drug]]


== References ==
[[Category:Pharmaceutical companies]]
 
[[Category:Defunct companies of the United States]]
== External links ==
[[Category:Companies based in New Jersey]]
 
[[Category:Pharmaceutical companies of the United States]]
[[Category:Companies established in 1998]]
[[Category:Companies disestablished in 2012]]
[[Category:1998 establishments in Georgia (U.S. state)]]
[[Category:2012 disestablishments in Georgia (U.S. state)]]
{{pharmacology-stub}}

Latest revision as of 10:48, 15 February 2025

Pharmasset[edit]

File:Pharmasset logo.jpg
Pharmasset logo

Pharmasset was a pharmaceutical company that focused on the development of antiviral drugs, particularly for the treatment of hepatitis C. The company was founded in 1998 and was based in Princeton, New Jersey. Pharmasset gained significant attention in the pharmaceutical industry for its innovative approach to antiviral drug development, particularly its work on nucleotide analogs.

History[edit]

Pharmasset was established by a group of scientists and entrepreneurs with the goal of developing new treatments for viral infections. The company initially focused on HIV and hepatitis B but later shifted its primary focus to hepatitis C (HCV) due to the significant unmet medical need and market potential.

In 2011, Pharmasset was acquired by Gilead Sciences, a major biopharmaceutical company, for approximately $11 billion. This acquisition was largely driven by Pharmasset's promising HCV drug candidates, which were seen as potential game-changers in the treatment of hepatitis C.

Research and Development[edit]

Pharmasset's research was centered around the development of nucleotide analogs, which are compounds that mimic the building blocks of viral RNA. These analogs are designed to inhibit viral replication by incorporating into the viral RNA and causing chain termination.

One of Pharmasset's most notable drug candidates was sofosbuvir, a nucleotide analog that became a cornerstone in the treatment of hepatitis C. Sofosbuvir was approved by the FDA in 2013 and has been marketed under the brand name Sovaldi. It was the first oral, interferon-free treatment for hepatitis C, offering a more effective and less burdensome treatment option for patients.

Impact[edit]

The development of sofosbuvir and its subsequent approval marked a significant advancement in the treatment of hepatitis C. It allowed for shorter treatment durations, higher cure rates, and fewer side effects compared to previous therapies that relied on interferon and ribavirin.

Pharmasset's work laid the foundation for the development of other direct-acting antivirals (DAAs) that have transformed the landscape of hepatitis C treatment, leading to the possibility of eradicating the disease as a public health threat.

Related pages[edit]