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Savient Pharmaceuticals Reports Second Quarter 2009 Financial Results
Date:8/10/2009

ents that 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)

                                              June 30,       December 31,
                                                2009            2008
                                                ----            ----
                            ASSETS
      Current Assets:
       Cash and cash equivalents             $74,749         $76,315
       Short-term investments (including
        restricted investments)                1,806           2,282
       Accounts receivable, net                  798             822
       Inventories, net                        1,240           1,892
       Recoverable income taxes                    -           5,526
       Prepaid expenses and other
        current assets                         3,055           2,782
                                               -----           -----
         Total current assets                 81,648          89,619
                                              ------          ------
       Deferred income taxes, net              4,801           4,200
       Property and equipment, net             1,163           1,393
       Other assets (including restricted
        cash and investments)                  2,100           3,010
                                               -----           -----
         Total assets                        $89,712         $98,222
                                             =======         =======

         LIABILITIES AND STOCKHOLDERS' EQUITY
      Current Liabilities:
       Accounts payable                       $3,001          $5,888
       Deferred revenues
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SOURCE Savient Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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