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Angiotech Pharmaceuticals, Inc. announces financial results for the first quarter ended March 31, 2009
Date:4/30/2009

--------------------------- A conference call to discuss these financial results will be held today, Thursday April 30, 2009 at 8:00 AM PT (11:00 AM ET). Dial-in information: North America (toll-free): (800) 901-5247 International: (617) 786-4501 Enter Passcode: 72734002 An archived replay of the call will be available until May 7, 2009. North America (toll-free): (888) 286-8010 International: (617) 801-6888 Enter Passcode: 95526962 A live webcast will be available to all interested parties through the Investors section of Angiotech's website: www.angiotech.com ANGIOTECH PHARMACEUTICALS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in thousands of U.S.$, except Three months ended share and per share data) March 31, 2009 ------------------------------------------------------------------------- Reported Adjustment Adjusted REVENUE Royalty revenue $ 17,111 $ - $ 17,111 Product sales, net 46,136 - 46,136 License fees 25,053 (25,053) a - ----------------------------------- ------------------------------------- 88,300 (25,053) 63,247 ----------------------------------- ------------------------------------- EXPENSES License and royalty fees 2,905 - 2,905 Cost of products sold 23,966 - 23,966 Research and development 6,097 (414) b 5,683 Selling, general and administrative 19,572 (2,583) c 16,989 Depreciation and amortization 8,265 (7,381) d 884 I
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SOURCE Angiotech Pharmaceuticals, Inc.
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