UPDATE: Two-month delay for Savient
New Jersey, USA-based Savient Pharmaceuticals' shares plummeted 25% to $5.45 on February 13, after the firm said it had revised an application for its gout treatment Krystexxa (pegloticase), causing a two-month delay.
Savient asked for the drug to be considered in a two-week dosing regimen, rather than four-week, and is now pushing for that schedule. The Food and Drug Administration has extended its target action date from April 30 to June 30.
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