Savient Pharmaceuticals, Inc. (NASDAQ:SVNT)
About Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) Savient Pharmaceuticals, Inc. (Savient) is a specialty biopharmaceutical company focused on developing KRYSTEXXA (pegloticase), or KRYSTEXXA, for the treatment of chronic gout in patients refractory to conventional therapy. The Company sells and distributes branded and generic versions of oxandrolone, a drug used to promote weight gain following involuntary weight loss. The Company operates within the Specialty Pharmaceutical segment, which includes sales of Oxandrin and oxandrolone, and the research and development activities of KRYSTEXXA. In its replicate randomized, doubleblind, placebocontrolled, Phase III clinical trials, KRYSTEXXA, a biologic PEGylated uricase enzyme, demonstrated the normalization of uric acid, complete resolution of tophi, improvement in chronic pain, improvement of physical functioning and decreased frequency of gout flares in patients with chronic gout.
Statistics Symbol
SVNT
EPS
1.09
Current Price
$9.56
Market Capitalization:
666.75M
52 week range
$9.06 $23.46
P/E Ratio
Avg Volume
2.98M
Beta Value
2.14
Financials Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) produced total revenue of $0.99 million in current quarter which did not change as compared to last quarter’s ending. Moreover, operating and net income have decreased which led to decrease in EPS for the current quarter. The company’s cash flow from operations stood at negative $35.93 million which is greater than last quarter’s ended cash flow of negative $24.77 million. Negative CFO shows that the company has generated less as compared to last quarter’s ending. According to present quarter’s ending financials as on September 30, 2010, Company’s total assets mount up to $87.22 million. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $70.35 million and $6.61 million respectively.
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