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Savient Pharmaceuticals Reports Third Quarter 2009 Financial Results

intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements, which speak only as of the date of publication of this press release to shareholders. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. Our forward-looking statements do not reflect the potential impact of any future acquisitions, 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.


                                 (Tables to Follow)

                         CONSOLIDATED BALANCE SHEETS
                        (In thousands, except share data)

                                            September 30,     December 31,
                                                2009             2008
                                                ----             ----
    Current Assets:
     Cash and cash equivalents               $67,474          $76,315
     Short-term investments                        3            2,282
     Accounts receivable, net                    592              822
     Inventories, net                            940            1,892
     Recoverable income taxes                      -            5,526
     Prepaid expenses and other
      current assets                           1,516            2,782
                                               -----            -----
       Total current assets                   70,525           89,619
                                              ------           ------
     Deferred income taxes, net                5,200
SOURCE Savient Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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