Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended Decembe...(----------------------------------------...)

Date:3/5/2009

------------------------------------------------------------------------- ------------------------------------------------------------------------- Weighted average shares outstanding (000's) - basic and diluted 85,118 85,118 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (in thousands of U.S.$, except Three months ended share and per share data) December 31, 2007 ------------------------------------------------------------------------- Reported Adjustments Adjusted REVENUE Royalty revenue $ 27,158 $ - $ 27,158 Product sales, net 43,935 (401) a 43,534 License fees 266 (266) b - ------------------------------------------------------------------------- 71,359 (667) 70,692 ------------------------------------------------------------------------- EXPENSES License and royalty fees 4,527 - 4,527 Cost of products sold 23,578 (85) c 23,493 Research and development 13,556 (150) d 13,406 Selling, general and administrative 26,782 (3,276) e 23,506 Depreciation and amortization 8,826 (7,993) f 833 In-process research and development 125 (125) g - ------------------------------------------------------------------------- 77,394 (11,629) 65,765 ------------------------------------------------------------------------- Operating (loss) income
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SOURCE Angiotech Pharmaceuticals, Inc. Copyright©2009 PR Newswire. All rights reserved

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