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Savient's Board of Directors Forms a Board Committee to Oversee the Regulatory and Pre-Launch Activities for Pegloticase
Date:11/19/2008

Stephen O. Jaeger, Chairman of the Board. "Securing FDA approval for this exciting drug is the number one priority for the company right now. We are committed to changing the paradigm of therapy available to the treatment-failure gout population and we believe the work of this Committee is essential to achieving that goal. We anticipate that the time required to meet the Committee's mandate will be substantial and we are grateful for the commitment made by Lee and Alan."

"On behalf of the Board, I would like to thank Chris for his leadership, hard work and dedication to Savient. Since joining the company in 2002, Chris has made a number of important contributions to the company, particularly in the preparation for and development of pegloticase and the recent submission of the BLA to the FDA. We wish him the best in his future endeavors," said Mr. Jaeger.

The Board has named Paul Hamelin, R.Ph., as President, and he will lead the day-to-day operations of the company. Mr. Hamelin has served as Senior Vice President, Commercial Operations since joining Savient in May 2006.

"With more than 20 years of experience as an executive officer responsible for global and commercial operations and senior marketing and sales positions at international pharmaceutical companies, we believe Paul will serve Savient and our stakeholders well as we continue our BLA activities. Paul also has extensive experience in launching new drugs throughout his career. Paul's leadership will help provide a seamless transition as the company maintains its laser-focus on the FDA process," said Mr. Jaeger.

"I am thrilled with the opportunity to take on this leadership role at such an important time in the history of Savient and pegloticase," Mr. Hamelin commented. "We believe in the safety and efficacy of pegloticase, which targets an important unmet medical need and is a major improvement in the treatment of this o
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SOURCE Savient Pharmaceuticals, Inc.
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