Tag:
Savient
Latest Headlines
Latest Headlines
Private equity owners put for-sale sign on U.K.'s Rosemont
Shopping for a drug company that's adept at making liquid formulas? You're in luck, because privately held Rosemont Pharmaceuticals is on the block. Owned by Close Brothers Private Equity, the drugmaker is valued at an estimated £200 million, or about $324 million.
Savient loses on low Krystexxa sales, adopts poison pill
Savient Pharmaceuticals posted just $4 million in sales of its gout drug Krystexxa, a 30% increase year-over-year, but not enough to save the company from a $16.4 million loss for the period.
Tang Capital can't shuttle Savient into receivership, judge says
Savient Pharmaceuticals can't be forced into receivership by a disgruntled creditor, a court ruled. But the company still has to face Tang Capital Partners' claims that it breached its fiduciary duties.
Amid Krystexxa woes, Savient plots layoffs and taps new CEO
After $102 million in 2011 losses, and first-quarter Krystexxa revenues of just $3.1 million, Savient Pharmaceuticals ( $SVNT ) plans to cut 35% of its workforce and trim costs to save $56 million annually.
Hedge fund claims Savient's bankrupt after failed Krystexxa launch
Savient is grappling with a high-profile lawsuit from the hedge fund Tang Capital, which accuses the company of bungling the launch of its gout drug Krystexxa.
New Medicare code could boost Krystexxa sales
Savient Pharmaceuticals ( $SVNT ) has announced a bureaucratic breakthrough that could help increase sales of its new gout drug Krystexxa . The Centers for Medicare and Medicaid Services gave Krystexxa
The trials and tribulations of drug launches
Anytime a drugmaker launches a new product--especially a highly touted potential blockbuster--it risks disappointment. The list of drugs introduced with a bang only to see sales whimper is long and
Savient aims for primary care with new Krystexxa data
Savient Pharmaceuticals ( $SVNT ) hasn't made huge inroads with its new gout drug, Krystexxa. Over the first 6 months of the year, the drug generated only $1.4 million in sales. But the company is now
Savient inks 5-year Krystexxa supply deal with VA
Savient Pharmaceuticals scored a win with its new gout drug Krystexxa. The drugmaker inked a deal to supply the U.S. Department of Veterans Affairs with the drug, along with its weight-gain med
Savient amps Krystexxa launch with payer focus
Savient Pharmaceuticals has launched its gout drug Krystexxa, deploying a mix of sales reps, education specialists and business managers to help expedite reimbursement from payers, executives said.
