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

2008 -------- -------- -------- -------- Revenues: Product sales, net $679 $315 $1,764 $1,459 Other revenues 1 38 4 82 -------- -------- -------- -------- 680 353 1,768 1,541 -------- -------- -------- -------- Cost and expenses: Cost of goods sold 372 219 863 552 Research and development 11,638 15,726 24,401 26,887 Selling, general and administrative 7,397 10,450 16,865 19,714 -------- -------- -------- -------- 19,407 26,395 42,129 47,153 -------- -------- -------- -------- Operating loss (18,727) (26,042) (40,361) (45,612) Investment income (expense), net (27) 411 (229) 1,364 Other expense, net (36,055) (162) (36,168) (312) -------- -------- -------- -------- Loss before income taxes (54,809) (25,793) (76,758) (44,560) Income tax benefit - (1,595) - (2,810) -------- -------- -------- -------- Net loss $(54,809) $(24,198) $(76,758) $(41,750) ======== ======== ======== ======== Loss per common share: Basic and diluted $(0.92) $(0.45) $(1.35) $(0.78) ====== ====== ====== ====== Weighted-average number of common and commo
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SOURCE Savient Pharmaceuticals, Inc.
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