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

tated Distribution and License Agreement and certain other non-recurring, non-operating license revenue. b. Research and development adjustments: ---------------------------------------------------------------------- Three months Three months ended ended March 31, 2009 March 31, 2008 -------------------------------- Stock-based compensation $ (101) $ (311) Termination and reorganization costs - (630) Non-recurring research and development expenses and intellectual property license agreement (313) (625) ---------------------------------------------------------------------- $ (414) $ (1,566) -------------------------------- c. Selling, general and administrative adjustments: ---------------------------------------------------------------------- Three months Three months ended ended March 31, 2009 March 31, 2008 -------------------------------- Stock-based compensation $ (283) $ (506) Termination and reorganization costs (934) (2,448) Litigation expenses (747) (1,598) Non-recurring transaction fees (619) - ---------------------------------------------------------------------- $ (2,583)
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SOURCE Angiotech Pharmaceuticals, Inc.
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