Savient Pharmaceuticals Files For Ch. 11, Plans $55M Sale

Savient Pharmaceuticals Files For Ch. 11, Plans $55M Sale

Cash-strapped drug developer Savient Pharmaceuticals Inc. filed for Chapter 11 in Delaware bankruptcy court on Monday, seeking to sell its assets to a unit of US WorldMeds LLC, which has signed on as a $55 million stalking-horse bidder. ...read more

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