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

perational decision making.

Below is a reconciliation of the non-GAAP net loss and loss per basic and diluted share amounts presented in this press release to the GAAP net loss and loss per basic and diluted share amounts presented in this press release (amounts in millions except per share data):

                             Quarter Ended June 30    Six Months Ended June 30
                                2009        2008         2009         2008
    GAAP net loss             $(54.8)     $(24.2)      $(76.8)      $(41.8)
    Impact of change in
      warrant valuation        (35.8)         $-       $(35.8)          $-
    Non-GAAP net loss         $(19.0)     $(24.2)      $(41.0)      $(41.8)



                             Quarter Ended June 30    Six Months Ended June 30
                                2009        2008          2009        2008
    GAAP loss per basic
     and diluted share        $(0.92)     $(0.45)       $(1.35)      $(0.78)
    Impact of change in
      warrant valuation        (0.60)         $-        $(0.63)          $-
    Non-GAAP loss per basic
     and diluted share        $(0.32)     $(0.45)       $(0.72)      $(0.78)

ABOUT SAVIENT PHARMACEUTICALS, INC.

Savient Pharmaceuticals, Inc. is a specialty biopharmaceutical company focused on developing and marketing pharmaceutical products that target unmet medical needs in both niche and broader specialty markets. Savient has developed one product: KRYSTEXXA(TM) (pegloticase) which is a PEGylated uricase enzyme intended for the treatment of chronic gout in patients refractory to conventional therapy. Savient has exclusively licensed worldwide rights to the technology related to KRYSTEXXA, formerly referred to as Puricase((R)) from Duke University and Mountain View Pharmaceuticals, Inc. Savient also manufactures and supplies Oxandrin((R)) (oxandrolone tablets, U
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SOURCE Savient Pharmaceuticals, Inc.
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