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May 9 Savient Pharmaceuticals (SVNT -11%) takes a hit today after its Q1 results missed estimates. Total revenue actually jumped nearly 170% Y/Y, but bottom line margins were hit as expenses increased sharply. Much of the increase in expenses had to do with the commercialization and marketing of its new gout drug Krystexxa.
Comment![Healthcare, Earnings, On the Move]
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at MarketWatch.com (May 9, 2012)
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at MarketWatch.com (Feb 1, 2012)
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at CNBC.com (Feb 1, 2012)
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at CNBC.com (Jan 4, 2012)
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at MarketWatch.com (Aug 18, 2011)
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PR Newswire (May 9, 2012)
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PR Newswire (May 9, 2012)
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PR Newswire (Apr 20, 2012)
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Company Description
We are a specialty biopharmaceutical company focused on developing KRYSTEXXA™ (pegloticase), or KRYSTEXXA, for the treatment of chronic gout in patients refractory to conventional therapy. Chronic gout that is refractory to conventional therapy occurs in patients who have failed to normalize... More