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NEW YORK ( TheStreet) -- Savient Pharmaceuticals (Nasdaq: SVNT) hit a new 52-week low Thursday as it is currently trading at $2.20, below its previous 52-week low of $2.21 with 160,582 shares traded as of 11:20 a.m. ET. Average volume has been 1.7 million shares over the past 30 days. Savient has a market cap of $165.1 million and is part of the health care sector and drugs industry. Shares are down 79.6% year to date as of the close of trading on Wednesday. Savient Pharmaceuticals, Inc. operates as a specialty biopharmaceutical company in the United States. It engages in developing and commercializing KRYSTEXXA for the treatment of chronic gout in adult patients refractory to conventional therapy.