- Savient Pharmaceuticals (SVNT) files voluntary Chapter 11 petitions.
- The company is pursuing a sale under Section 363, with "stalking horse" bidder Sloan Holdings set to acquire Savient's assets for about $55M.
- The Sloan deal sets a floor price for a court-supervised auction.
- The assets in particular include Krystexxa, Savient's uric acid-specific enzyme indicated to treat chronic gout.
From other sites
at CNBC.com (Sep 19, 2012)
at CNBC.com (Feb 1, 2012)
at CNBC.com (Jan 4, 2012)
at CNBC.com (May 24, 2011)
at CNBC.com (May 2, 2011)
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