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

during the first quarter of 2009 as compared to the first quarter of 2008. We currently expect that certain of our customers may increase their order levels later in 2009; however, there can be no assurance that we will record sales of surgical needles to these customers at levels observed in prior periods.

New TAXUS Regulatory Submissions, Clinical Data. In February 2009 we announced that our BSC had submitted the final modules for pre-market approval ("PMA") for both its TAXUS Liberte(R) Atom(TM) Paclitaxel-Eluting Coronary Stent System and its TAXUS Liberte Long(TM) Paclitaxel-Eluting Coronary Stent System to the U.S. Food and Drug Administration ("the FDA"). If approved, the TAXUS Liberte Atom Stent will become BSC's second 2.25 millimeter diameter drug-eluting stent ("DES") available in the United States. It will then likely succeed the TAXUS Express(TM) Atom Stent, which is BSC's first approved small stent and the only DES currently approved by the FDA to treat small blood vessels. The TAXUS Liberte Long Stent is designed to be the first 38 millimeter drug-eluting stent available in the United States and will further expand this leading DES portfolio. These PMA submissions include clinical data from the global, multi-center TAXUS ATLAS Small Vessel ("SV") and Long Lesion ("LL") studies, designed to compare the performance of the TAXUS Liberte Atom and TAXUS Liberte Long Stents with BSC's first-generation TAXUS Express Stent. While the second-generation TAXUS Liberte Stent uses identical drug dose, polymer and release kinetics as the TAXUS Express Stent, it features thinner struts and a uniform architecture specifically designed for drug delivery. One-year results from the TAXUS ATLAS SV and LL studies were published in the December 2008 issue of the Journal of American College of Cardiology. The studies both met their primary endpoint of noninferior, nine-month, in-segment diameter stenosis (narrowing of a blood vessel) versus the TAXUS Expre
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