Savient Pharmaceuticals Inc (NASDAQ:SVNT)
CAPS Rating:
A biopharmaceutical company engaged in developing and distributing pharmaceutical products that target unmet medical needs in both niche and broader markets.
A biopharmaceutical company engaged in developing and distributing pharmaceutical products that target unmet medical needs in both niche and broader markets.
Recs
Slammed almost 50% because it couldn't find a buyer at it's already run-up speculated price. Remember it still has a fresh FDA approval of Krystexxa for arthritis, so the risk/reward at this point is very appealing.Potential for a quick pop from another (albeit lower) buyout price, or it can ride the Krystexxa sales for a while.