Archive for September 15th, 2010

FDA Approves New Drug From Savient

Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) shot up this morning in pre-market trading on news that the US FDA has approved the company’s gout drug, called Krystexxa, for patients who do not respond to conventional therapy.  At 8:35 AM EST shares were up 27.24% to $18.78 and 1,032,537 shares have already been traded.  This beats the [...]