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Savient Pharmaceuticals Reports First Quarter 2009 Financial Results
Date:5/6/2009

2009 2008 ASSETS Current Assets: Cash and cash equivalents $57,005 $76,315 Short-term investments (including restricted investments) 1,067 2,282 Accounts receivable, net 727 822 Inventories, net 1,507 1,892 Recoverable income taxes 5,526 5,526 Prepaid expenses and other current assets 2,275 2,782 Total current assets 68,107 89,619 Deferred income taxes, net 4,500 4,200 Property and equipment, net 1,273 1,393 Other assets (including restricted cash and investments) 3,103 3,010 Total assets $76,983 $98,222 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $5,636 $5,888 Deferred revenues 371 451 Other current liabilities 16,652 18,650 Total current liabilities 22,659 24,989 Other liabilities 10,230 9,809 Commitments and contingencies Stockholders' Equity: Preferred stock - $.01 par value 4,000,000 shares authorized; no shares issued - - Common stock - $.01 par value 150,000,000 shares authorized; 54,960,000 issued and outstanding at March 31, 2009 and 54,654,000 shares issued and outstanding at December 31, 2008
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SOURCE Savient Pharmaceuticals, Inc.
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