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Savient Pharmaceuticals Appoints David Y. Norton Interim Chief Executive Officer
Date:2/1/2012

EAST BRUNSWICK, N.J., Feb. 1, 2012  /PRNewswire/ -- Savient Pharmaceuticals, Inc. (Nasdaq: SVNT) today announced that the Company's Board of Directors has appointed David Y. Norton, a member of the Savient Board and former Company Group Chairman, Global Pharmaceuticals for Johnson & Johnson, to the role of Interim Chief Executive Officer, effective immediately.  Mr. Norton succeeds John H. Johnson who has resigned as Chief Executive Officer, President and a director of Savient to become President, Chief Executive Officer and Chairman-Elect of Dendreon Corporation.  The Board will conduct a search process for a permanent Chief Executive Officer. 

The Company also announced today that Louis Ferrari has been promoted to the position of Executive Vice President, President North American Commercial Operations.  In his new role, Mr. Ferrari will continue to be a critical contributor to the Company's continued rollout of KRYSTEXXA.  He will work directly with Mr. Norton and continue to be responsible for managing the efficiency and productivity of Savient's commercial operations. 

"David is a distinguished executive with 38 years of experience in the pharmaceutical and biotechnology industry," said Stephen O. Jaeger, Chairman of the Savient Board of Directors.  "David's extensive global commercial experience, including expertise in leading and developing strategic growth agendas, will be invaluable as we continue the commercialization of KRYSTEXXA, the first and only FDA approved therapy for the treatment of refractory chronic gout.  As a member of the Savient Board, David has been intimately involved in determining the strategic direction of the Company and strongly believes in the long-term prospects for KRYSTEXXA.  One of Savient's most significant accomplishments over the past year has been building a deep bench
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SOURCE Savient Pharmaceuticals, Inc.
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