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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

sitions, mergers, dispositions, joint ventures or investments 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.

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(Tables to Follow)SAVIENT PHARMACEUTICALS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(In thousands, except share data)December 31, 2010December 31, 2009ASSETSCurrent Assets:Cash and cash equivalents$

44,791$

108,172Short-term investments20,0703Accounts receivable, net909352Inventories, net3,140585Recoverable income taxes—2,006Prepaid expenses and other current assets2,4151,402Total current assets71,325112,520Deferred income taxes, net4,2004,200Property and equipment, net809993Other assets (including restricted cash)1,2841,295Total assets$

77,618$

119,008LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts payable$

1,601$

7,915Deferred revenues42873Warrant liability—24,239Other current liabilities16,02312,473Total current liabilities18,05244,700Other liabilities10,29910,109Commitments and contingenciesStockholders' Equity:Preferred stock—$.01 par value 4,000,000 shares authorized; no shares issued——Common stock—$.01 par value 150,000,000 shares authorized; 70,259,000 issued and outstanding at December 31, 2010 and 66,933,000 shares issued and outstanding at December 31, 2009703669Additional paid-in-capital364,139305,994Accumulated deficit(315,576)(242,467)Accumulated other comprehensive income13Total stockholders' equity49,26764,199Total liabilities and stockholders' equity$

77,618$

119,008SAVIENT PHARMACEUTICALS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)Three Months Ended
December 31,Year Ended
December 31,2010200920102009Revenues:Product sales, net$

960$

864$

4,028$

2,956Other revenues
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SOURCE Savient Pharmaceuticals, Inc.
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Related medicine technology :

1. Savient Pharmaceuticals to Hold Fourth Quarter and Year-End 2010 Results Conference Call on Friday, February 25, 2011
2. Savient Closes Sale of $230 Million in Convertible Senior Notes
3. Savient Announces Proposed Offering of $125 Million in Convertible Senior Notes
4. Savient Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
5. Savient Pharmaceuticals Names John H. Johnson Chief Executive Officer
6. Savient Pharmaceuticals Announces Search for CEO
7. Savient Pharmaceuticals to Present at the 29th Annual J.P. Morgan Healthcare Conference
8. Savient Pharmaceuticals Announces Expected Availability of KRYSTEXXA™ for Prescription and Reports Third Quarter 2010 Financial Results
9. Savient Pharmaceuticals to Hold Third Quarter 2010 Financial Results Conference Call on Friday, November 5, 2010
10. Savient Pharmaceuticals to Hold Conference Call on October 26, 2010 at 8:30 a.m. Eastern Time
11. Savient Pharmaceuticals Provides Update on Strategic Alternatives Process
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