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Dr. Constantine, age 54, currently serves as Vice President of Women's Health & Bone Repair Medical Research at Wyeth Research, a division of Wyeth Pharmaceuticals, and has held Vice President positions with Wyeth since 2000. There is no agreement or understanding between Dr. Constantine and any other person pursuant to which Dr. Constantine was appointed to the Board. Dr. Constantine is not a party to any tra
nsaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. The Board has appointed Dr. Constantine to serve on its Nominating and Corporate Governance Committee. Dr. Constantine shall receive compensation for serving on the Board and its committees pursuant to the Board compensation plan that was previously disclosed in the Company's filings with the SEC. The full text of the press release issued in connection with Dr. Constantine's election to the Board is furnished as Exhibit 99.1 to this Current Report on Form 8-K. See Exhibit Index attached hereto.
Savient Letterhead Contact: Mary Coleman Savient Pharmaceuticals, Inc. information@savient.com (732) 418-9300 Susan Neath Burns McClellan sneath@burnsmc.com (212) 213-0006 Savient Announces Election of Dr. Ginger D. Constantine to Board of Directors EAST BRUNSWICK, N.J. - (June 5, 2009)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Dr. Constantine obtained her medical degree from Temple University and completed her Rheumatology Fellowship at the University of Pennsylvania. She is currently a member of the American College of Rheumatology and member of and committee member for The Endocrine Society and is a member of various medical societies including the American Medical Association, American Rheumatism Association and the Pennsylvania Medical Society.
"We are pleased to welcome Dr. Constantine to our Board of Directors," said Stephen Jaeger, Chairman of the Board of Directors. "She has a long and impressive career as a senior executive with Wyeth and extensive expertise in the area of rheumatology, gout and arthritis. Her experience and expertise will be an invaluable addition to the Board and the Company as we enter this final stretch towards approval of KRYSTEXXA™ by the FDA and the evaluation of potential collaborations and strategic alliances for the commercialization and further development of KRYSTEXXA."
ABOUT SAVIENT PHARMACEUTICALS, INC.
Savient Pharmaceuticals, Inc. is a specialty biopharmaceutical company focused on developing and marketing pharmaceutical products that target unmet medical needs in both niche and broader specialty markets. Savient's product development candidate, KRYSTEXXA™ (pegloticase) for treatment failure gout has reported positive Phase 1, 2 and 3 clinical data. The KRYSTEXXA Phase 3 clinical studies were completed in October 2007; the BLA was filed with the FDA in October 2008 and the FDA granted priority review status in December 2008. The Company submitted amendments to the BLA to the FDA in January 2009 and the FDA extended the review period by three months, revising the PDUFA date to August 1, 2009. Savient has exclusively licensed worldwide rights to the technology related to KRYSTEXXA, formerly referred to as Puricase®, from Duke University and Mountain View Pharmaceuticals, Inc. Savient also manufactures and supplies Oxandrin® (oxandrolone tablets, USP) CI II in the U.S. Further information on Savient can be accessed by visiting: http://www.savient.com. Puricase is a registered trademark of Mountain View Pharmaceuticals, Inc.
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