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Savient Pharmaceuticals Announces U.S. Launch of KRYSTEXXA™; Reports Fourth Quarter and Year-End 2010 Financial Results
Date:2/25/2011

EAST BRUNSWICK, N.J. Feb. 25, 2011 /PRNewswire/ -- Savient Pharmaceuticals, Inc. (Nasdaq: SVNT) today announced the official full U.S. commercial launch of KRYSTEXXA™ (pegloticase), which has been approved by the U.S. Food and Drug Administration (FDA) for the treatment of chronic gout in adult patients refractory to conventional therapy.  KRYSTEXXA is now the first and only therapy available to address this unmet medical need.

"Since receiving FDA approval for KRYSTEXXA, we have focused on preparing for a successful U.S. launch," said John H. Johnson, Chief Executive Officer of Savient.  "Our sales force has completed very thorough and extensive training. We are excited to deploy this highly talented and biologics experienced team into their territories.  There has never been a more exciting time in the history of Savient, nor for the chronic gout patients, who have waited so long for a therapy that has the potential to change the course of their lives."

The Company has assembled the key components for a successful launch of KRYSTEXXA:

  • Experienced Sales Team – Savient has an experienced sales force in place.  In addition, the Company has deployed regional medical scientists, managed care executives, regional business directors, nurse educators and area business solutions managers.  All of whom are dedicated to working with the Rheumatologists, Nephrologists, infusion centers, institutions and reimbursement staff to provide critical support to the market.
  • Reimbursement Plan in Place – Savient has reimbursement specialists deployed in the field to assist physicians and office personnel as they work through the reimbursement process, in addition to the KRYSTEXXA Connexxions hotline and web based reimbursement support programs.  Discussions with payers are continuing.  To date, the
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  • SOURCE Savient Pharmaceuticals, Inc.
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