Navigation Links
Savient Pharmaceuticals Reports Third Quarter 2012 Financial Results
Date:11/8/2012

BRIDGEWATER, N.J., Nov. 8, 2012 /PRNewswire/ -- Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) today reported financial results for the three and nine months ended September 30, 2012, which reflects the Company's continuing commercialization of KRYSTEXXA ® (pegloticase) in the U.S. Savient ended the quarter with approximately $116.2 million in cash and short-term investments.

Net sales for KRYSTEXXA were $4.5 million for the third quarter of 2012, a 13% increase over the second quarter of 2012.  For the third quarter of 2012, the Company had a net loss of $39.7 million, or $0.56 per share, on total revenues of $4.9 million, compared with a net loss of $27.4 million, or $0.39 per share, on total revenues of $2.6 million for the same period in 2011. The net loss for the first nine months of 2012 was $90.3 million, or $1.28 per share, on total revenues of $13.1 million, compared with a net loss of $71.2 million, or $1.02 per share, on total revenues of $5.9 million for the same period in 2011. The net loss for the nine-month period ended September 30, 2012 includes a $21.8 million, or $0.31 per share, gain on the extinguishment of debt.

"During the third quarter we continued to drive awareness and adoption of KRYSTEXXA in the U.S., which resulted in our seventh consecutive quarter of sequential sales growth," said Louis Ferrari, President and Chief Executive Officer of Savient Pharmaceuticals.  "We also made progress toward our goal of commercializing KRYSTEXXA outside of the U.S. with the positive opinion we received on October 19 from the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP).  We remain confident in the long-term opportunity for KRYSTEXXA to address the significant unmet needs of patients suffering from refractory chronic gout.  We are successfully executing our clinical development plan
'/>"/>

SOURCE Savient Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine technology :

1. Savient Pharmaceuticals to Present at the 6th Annual Imperial Capital Global Opportunities Conference
2. Savient Pharmaceuticals to Present at the Rodman & Renshaw 14th Annual Healthcare Conference
3. Savient Pharmaceuticals to Present at the Canaccord Genuity 32nd Annual Growth Conference
4. Savient Pharmaceuticals Adopts Stockholder Rights Plan
5. Savient Pharmaceuticals Receives Favorable Decision In Tang Capital Litigation
6. Savient Pharmaceuticals to Hold Second Quarter 2012 Financial Results Conference Call on Wednesday, August 8, 2012
7. Savient Pharmaceuticals Announces CEO Appointment and Reorganization Plan to Drive Long-Term Growth
8. Savient Pharmaceuticals to Present at the Bank of America Merrill Lynch 2012 Health Care Conference
9. Savient Pharmaceuticals to Hold First Quarter 2012 Financial Results Conference Call on Wednesday, May 9, 2012
10. Genoa Pharmaceuticals announces $1.2M Financing
11. Inovio Pharmaceuticals Reports 2012 Third Quarter Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/24/2015)... N.J. , April 24, 2015  Bayer Corporation hosted ... April 23 at the Bayer HealthCare US headquarters.  This is ... to the Whippany campus, and Thursday,s ... Dad do every day at work. Fortunately, for ... office.  As a company whose mission is "Science For A ...
(Date:4/24/2015)... N.C. , April 24, 2015  New ... ability of consumers to educate themselves about products ... the tools and techniques available to market researchers ... the changing consumer marketplace, it,s imperative that organizations ... to better identify market opportunities, niches and growth ...
(Date:4/24/2015)... 2015  Span-America Medical Systems, Inc. (NASDAQ:  SPAN) ... 2015 second quarter results on Thursday, April 30, after ... company will conduct a conference call at 10:00 ... company,s financial and operating results for the second quarter ... the conference call will be available online at ...
Breaking Medicine Technology:Bayer Hosts "Take Your Child to Work Day" 2Bayer Hosts "Take Your Child to Work Day" 3Bayer Hosts "Take Your Child to Work Day" 4Pharmaceutical Industry Using New Technologies to Adjust Their Marketing and Research Approaches for Consumers 2
(Date:4/26/2015)... 2015 Compare-autoinsurance.org has released a new blog ... . , The easiest way to find low cost auto ... to the best offers online, in a simple and convenient ... for information about auto insurance prices. All the details are ... , It is now possible to compare online car ...
(Date:4/26/2015)... FL (PRWEB) April 26, 2015 A ... pieces of medical equipment from hospitals, surgery centers and ... of equipment will be sold including radiology, surgery, endoscopy, ... live auction will take place Tuesday, April 28th starting ... Lauderdale warehouse located at 5025 North Hiatus Rd., Sunrise, ...
(Date:4/26/2015)... Forbes Living is scheduled to air ... is synonymous with clean beaches, sparkling office buildings, and old ... economic influencers in the city on the Pacific Coast of ... pleased to announce the show will be broadcast on Cox ... PDT. Tune in to find out what the effervescent host ...
(Date:4/25/2015)... Portland, ME (PRWEB) April 26, 2015 ... a Canadian based integrative healthcare event. The Integrative ... taking place October 23-24, 2015 at the Sheraton ... Healthcare Symposium Canada is one of the most ... a clinically relevant, evidenced-based CME program. The event ...
(Date:4/25/2015)... New Jersey (PRWEB) April 25, 2015 ... people aged twelve and above needed treatment for an ... according to the Substance Abuse and Mental Health Services ... September 2011). Beyond these alarming numbers are harrowing stories ... by substance abuse . David H. Kerr ...
Breaking Medicine News(10 mins):Health News:Finding Low Cost Auto Insurance - An Online Guide Provides Tips 2Health News:Centurion Service Group to Auction off 1,200 Lots of Medical Equipment 2Health News:Forbes Living TV Will Air in San Diego, California 2Health News:Integrative Healthcare Event launching in Canada 2Health News:New Book Features Powerful Stories of People Who Overcame Addiction 2Health News:New Book Features Powerful Stories of People Who Overcame Addiction 3
... uninsured adults who received Medicare coverage reported improvements ... diabetes, according to a study in the December ... adults, particularly those with cardiovascular disease or diabetes, ... services as Medicare beneficiaries after age 65 years ...
... for youngsters can reduce risk of shoulder injury, physician ... Playing catch with your young pitcher months before baseball season ... rotator cuff injuries, according to doctors at Methodist Hospital in ... high pitch count and throwing curve balls -- increases the ...
... what the season brings means taking things as they come, ... many people, heightened expectations, financial and social stress, and memories ... , All of that can lead to seasonal blues during ... , For example, people who expect difficult relationships to improve ...
... Your 10 weeks to a better body &,better health ... kick off for this amazing challenge begins on January 5th ... 85258.,Participating in this life changing challenge is simple; it includes ... very simple test,that looks at the health of the cells ...
... to Use Funding Surplus to Provide Abatement and ... Dec. 24 Governor Edward G.,Rendell has directed ... to postpone collection until March 31. Mcare is ... the state,s,physicians, and many other health care providers, ...
... -- Chindex International,Inc. (Nasdaq: CHDX ), an ... in the People,s Republic of China, announced today ... of its common stock on,the NASDAQ Global Market. ... to the NASDAQ Global Market has been completed ...
Cached Medicine News:Health News:Health improves for previously uninsured adults after receiving Medicare coverage 2Health News:Playing Catch in Winter Could Save Kids' Pitching Arms 2Health News:Realistic Expectations Help Ward Off Holiday Depression 2Health News:10 Weeks to a Better Body & Better Health With Dr. Ramsey's Health Challenge 2Health News:Governor Rendell Directs Insurance Commissioner to Delay Mcare Abatement Collection 2Health News:Governor Rendell Directs Insurance Commissioner to Delay Mcare Abatement Collection 3Health News:Governor Rendell Directs Insurance Commissioner to Delay Mcare Abatement Collection 4Health News:Governor Rendell Directs Insurance Commissioner to Delay Mcare Abatement Collection 5Health News:Chindex International, Inc. Announces Transfer to NASDAQ Global Market 2Health News:Chindex International, Inc. Announces Transfer to NASDAQ Global Market 3
... Deluxe Transport beds feature folding head end and foot ... With the head end and foot end deck panels ... to approximately 67". This compact length makes storage, delivery ... ,This feature is not available on Model 4748B, Basic ...
... safety. Patient dignity. A single solution., ... to provide added safety where its needed. ... to help protect the caregiver and patient ... bed functions just like other TotalCare® beds, ...
... 1000ML 0.45% Sodium Chloride ... performance and ease of use. You can obtain ... to 100% FIO 2 . We offer a ... USP; 0.45% sodium chloride inhalation, USP; and 0.9% ...
... Sterile H 2 O W/O Adapter., ... inhalation, these humidifier systems feature a dual-purpose reservoir ... opening for secure attachment of a humidifier adapter. ... particulate from reaching oxygen delivery tubing. An audible ...
Medicine Products: