Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended Decembe...(passcode 36405359. A live webcast wil...)
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Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended December 31, 2008
Date:3/5/2009
passcode 36405359. 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) December 31, 2008 ------------------------------------------------------------------------- Reported Adjustments Adjusted REVENUE Royalty revenue $ 15,676 $ - $ 15,676 Product sales, net 46,054 - 46,054 License fees 352 (352) b - ------------------------------------------------------------------------- 62,082 (352) 61,730 ------------------------------------------------------------------------- EXPENSES License and royalty fees 2,774 - 2,774 Cost of products sold 23,622 - 23,622 Research and development 7,723 (776) d 6,947 Selling, general and administrative 21,381 (2,420) e 18,961 Depreciation and amortization 8,421 (7,460) f 961 In-process research and development - - - ------------------------------------------------------------------------- 63,921 (10,656) 53,265 ------------------------------------------------------------------------- Operating (loss) income (1,839) 10,304 8,465 ------------------------------------------------------------------------- Other income
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Related biology technology :
1. Angiotech Pharmaceuticals, Inc. announces new Senior Secured Term Loan and Credit Facilities
2. Angiotech Pharmaceuticals announces time change of conference call and webcast
3. Angiotech announces termination of note purchase agreement with Ares Management and New Leaf Venture Partners
4. Angiotech Announces Webcast and Call-in Numbers for Annual and Special General Meeting of Shareholders
5. Angiotech Announces Extension of the Expiration Date of its Tender Offer for Senior Floating Rate Notes Due 2013 and 7.75% Senior Subordinated Notes Due 2014
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8. Angiotech to Establish Separate Operating and Royalty Businesses
9. Angiotech To Commence Cash Tender Offer for Senior Floating Rate Notes Due 2013 and 7.75% Senior Subordinated Notes Due 2014
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