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Savient gets favourable court ruling on Tang Capital's claims of insolvency

12:03 EDT 23 Jul 2012 | Proactive Investors

Savient Pharmaceuticals (NASDAQ:SVNT) Monday said a Delaware Court has decided that Tang Capital Partners and other debt holders do not have standing to appoint a receiver for the drug maker, sending its shares up almost 30 per cent. The Delaware Cou..

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