BNET Industries
Market Cap:$920.1M
Last Fiscal Year Sales:$3.1M
- Public
- US
Dow Jones Description
We are a specialty biopharmaceutical company focused on developing and marketing pharmaceutical products that target unmet medical needs in both niche and broader specialty markets. We are currently developing one product: KRYSTEXXA TM (pegloticase), as a therapy for patients with treatment-failure gout, or TFG, to control hyperuricemia and to manage the signs and symptoms of gout. TFG is gout in patients who have failed to normalize serum uric acid and whose signs and symptoms are inadequately controlled with conventional urate-lowering therapy at the maximum medically appropriate dose or for whom conventional urate-lowering therapy is contraindicated. KRYSTEXXA is a biologic PEGylated uricase enzyme being developed for TFG to control hyperuricemia and to manage signs and symptoms of gout, including the improvement of tophi, improvement in chronic pain, improved physical functioning and decreased frequency of flares. In October 2007, we completed the in-life portion of our two replicate Phase 3 clinical trials of KRYSTEXXA and we are currently conducting an open label extension, or OLE, study in patients who completed the Phase 3 clinical trials. In October 2008, we submitted a Biologic License Application, or BLA, to the U.S. Food and Drug Administration, or FDA, for KRYSTEXXA and in December 2008, the FDA notified us that the BLA was accepted for priority review with a Prescription Drug User Fee Act action, or PDUFA, date of April 30, 2009. ...
Number of Employees 73
Contact Information
1 Tower Center 14th Fl
East Brunswick, New Jersey 08816
(732) 418-9300
Peer Companies
NAICS Code Medicinal and Botanical Manufacturing: 325411
Recent Events
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Savient Pharmaceuticals SVNT Reports Q3 Loss of $0.23
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Savient shares rise on takeover speculation
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US SMALL/MIDCAPS-Tech stocks lift small, mid caps
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Savient dips, but analyst expects 2010 drug launch
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HEADLINE STOCKS-Some U.S. stocks on the move on Aug. 10
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Eli Lilly names former mayor as communications chief
News & Analysis
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savient pharmaceuticals inc. - All News and Analysis
Once Again, Savient Disappoints Investors
EP Vantage submits: Savient SVNT once again demonstrated its ability to disappoint investors, yesterday announcing that the FDA has refused to grant its new gout treatment, Krystexxa, a marketing license. The news prompted shares in the company to plunge 30% in early trade. Even though no further trials have been...
Savient's Nasty Gout Surprise
Derek Lowe submits: Well, here's a nasty surprise for you: your new drug gets a 14 to 1 "Yes" vote from an FDA advisory committee, but the agency turns you down, anyway. That's what's just happened to Savient SVNT and their new biologic product for gout, Krystexxa pegloticase. ...
Savient Up Big on Friday
Ockham Research submits: Savient Pharmaceuticals SVNT is trading about 60% higher in afternoon trading on Friday, and the circumstances surrounding the massive gains a bit perplexing. Savient, a specialty biopharmaceuticals company, has a drug called Krystexxa that is used to treat gout patients. This drug has been...
Savient Pharmaceuticals, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions We will go to Eric Schmidt with Cowen & Company. Eric Schmidt – Cowen & Company Well thanks for taking my call. Just on the prelaunch activities, when would you estimate, something you've got to favorable recommendation of the panel and approval on August 1,...
Savient Pharmaceuticals, Inc, Q4 Year Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And we'll go first to Eric Varma with Leerwink Swann. Eric Varma – Leerwink Swann Hey, good morning I had a quick question on a follow-on about febuxostat. If you can just kind of remind us how the CV incidents compare between...
Two Near-Term Biotech Plays
David White submits: The news wire yesterday (December 30, 2008) reported that two drug companies have been granted priority review status for their new submittals: Northfield Laboratories NFLD and Savient Pharmaceticals SVNT. Naturally both of these stocks shot up yesterday. However, it will take time for the news to filter...
Earnings Preview: Savient Pharmaceuticals
Savient Pharmaceuticals SVNT is expected to report Q3 earnings after market close Wednesday Nov. 5, with a conference call scheduled for Thursday, November 6 at 10:00 am ET. Guidance Analysts are expecting a loss of (39c) on revenue of $600K. The consensus range for EPS is (42c) to (35c) with...
Tuesday Options Outlook: LEH, WM, AIG, OIH, DOX, TRA, SVNT
Rebecca Engmann Darst co-authored this article. Lehman Brothers LEH – Traders lost patience with still-fruitless talks between Lehman Brothers and Korea Development Bank, and a concomitant increase in the price of credit default protection appeared to be all it took to send implied volatility up some 88% as shares tanked...
Savient Pharmaceuticals, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator instructions]. And your first question is from Leland Gershell from Cowen and Company. Leland Gershell Hi, good morning. Thanks for taking my questions. With those seven patients treated with a dose in the re-exposure trial, any safety observations you can share with us from those...
Savient Pharmaceuticals, Inc. Q4 2007 Earning Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question will come from the line of Leland Gershell with Cowen & Company. Leland Gershell Good morning. Thanks for the update and for taking my questions. I was wondering, first question you had mentioned previously the intention to conduct re-treatment...
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