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
This is not a safe investment. However, the long term growth potential from its revolutionary new drug (Krystexxa) just cannot be overlooked. At an annual price of $59,000, if Krystexxa captures even a fraction of the estimated 5 million to 8 million U.S. gout patients, it could drive significant revenue for Savient.