Today's Big Losers: SVNT, FIX, UVSP Monday, August 3, 3:49 PM ET
Savient Pharmaceuticals (SVNT) announced that it has received a complete response letter from the U.S. Food and Drug Administration stating that the FDA cannot at this time approve the Company's application for KRYSTEXXA as a treatment for chronic gout in patients refractory to conventional therapy.
News of the rejection is driving Savient shares lower today with shares at $11.96, down 23.28%.
After Comfort Systems USA (NYSE:FIX) announced on Thursday that second quarter profit dropped by 36%, the company was downgraded by Goldman Sachs (NYSE:GS) from Neutral to Sell.
The earnings news and downgrade are driving Comfort's stock lower today, trading at $10.93, down 7.22%.
And Univest Corporation of Pennsylvania (NASDAQ:UVSP) announced the commencement of a $50 million public offering of its common stock, with a 30-day option for underwriters to purchase up to an additional 15% of the shares sold to cover over-allotments, if any.
After the announcement, shares of Univest are down 9.2% at $23.49.
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