SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 9, 2005
Savient Pharmaceuticals, Inc.
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(Exact name of registrant as specified in charter)
Delaware 0-15313 13-3033811
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(State or other juris- (Commission (IRS Employer
diction of incorporation File Number) Identification No.)
One Tower Center, 14th Floor
East Brunswick, New Jersey 08816
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (732) 418-9300
Not applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the obligation of the registrant under any of the
following provisions:
|_| Written communication pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2{b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On August 9, 2005, Savient Pharmaceuticals, Inc. ("Savient" or the
"Company") announced its financial results for the quarter ended June 30, 2005.
The full text of the press release issued in connection with the announcement is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In addition, on August 9, 2005, Savient held a publicly available live
webcast discussion of its financial results for the quarter and fiscal year
ended June 30, 2005. The transcript of the August 9, 2005 conference call is
furnished as Exhibit 99.2 to this Current Report on Form 8-K.
Furthermore, on August 15, 2005, Savient issued a press release
announcing that it has delayed the filing of its Quarterly Report on Form 10-Q
for the quarter ended June 30, 2005 to permit it to continue to evaluate the
nature and extent of errors that the Company may have made in recording its
reserve for returns in previous financial statements. The full text of such
press release is furnished as Exhibit 99.3 to this Current Report on Form 8-K.
As described in such press release, until this evaluation is completed, and the
June 30, 2005 Form 10-Q is filed, the Company does not believe that investors
should rely on the unaudited results for the three and six months ended June 30,
2005 that the Company announced in the press release and discussed in the
conference call referenced to above.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated August 9, 2005
99.2 Transcript dated August 9, 2005
99.3 Press release dated August 15, 2005
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 15, 2005 SAVIENT PHARMACEUTICALS, INC.
By: /s/ Philip K. Yachmetz
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Philip K. Yachmetz
Senior Vice President - Corporate
Strategy, General Counsel and Secretary