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Savient Pharmaceuticals Reports Fourth Quarter and Year-End 2008 Financial Results
Date:2/25/2009

we may make. We do not have a policy of updating or revising forward-looking statements and, except as required by law, assume no obligation to update any forward-looking statements.

SVNT-I



    SAVIENT PHARMACEUTICALS, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
    (Unaudited)
    (In thousands, except share data)

                                                        December   December
                                                           31,        31,
                                                          2008       2007
     ASSETS
     Current Assets:
      Cash and cash equivalents                         $76,315     $124,865
      Short-term investments (including
       restricted investments)                            2,282       17,557
      Accounts receivable, net                              822        1,490
      Notes receivable                                        -          644
      Inventories, net                                    1,892        2,636
      Recoverable income taxes                            5,526        8,637
      Prepaid expenses and other current assets           2,782        3,105
         Total current assets                            89,619      158,934
      Deferred income taxes, net                          4,200        3,558
      Property and equipment, net                         1,393        1,599
      Other assets (including restricted cash
       and investments)                                   3,010        3,082
         Total assets                                   $98,222     $167,173
     LIABILITIES AND STOCKHOLDERS' EQUITY
     Current Liabilities:
      Accounts payable                                   $5,888       $3,758
      Deferred revenues                                     451        1,298
      Other current liabilities                          18,650       14,128
         Total current liabilities          
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SOURCE Savient Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
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