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Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended December 31, 2008
Date:3/5/2009

l of tax reserves previously booked. ANGIOTECH PHARMACEUTICALS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in thousands of U.S.$, except Year ended share and per share data) December 31, 2008 ------------------------------------------------------------------------- Reported Adjustments Adjusted REVENUE Royalty revenue $ 91,546 $ - $ 91,546 Product sales, net 190,816 - 190,816 License fees 910 (910) b - ------------------------------------------------------------------------- 283,272 (910) 282,362 ------------------------------------------------------------------------- EXPENSES License and royalty fees 14,258 - 14,258 Cost of products sold 101,052 (122) c 100,930 Research and development 53,192 (5,535) d 47,657 Selling, general and administrative 98,483 (11,959) e 86,524 Depreciation and amortization 33,998 (30,219) f 3,779 In-process research and development 2,500 (2,500) g - ------------------------------------------------------------------------- 303,483 (50,335) 253,148 ------------------------------------------------------------------------- Operating (loss) income (20,211) 49,425 29,214 ------------------------------------------------------------------------- Other income (expenses): Foreign exchange gain (loss) 540 (540) h - Investment and other i
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SOURCE Angiotech Pharmaceuticals, Inc.
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1. Angiotech Pharmaceuticals, Inc. announces new Senior Secured Term Loan and Credit Facilities
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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
6. Angiotech receives CE Mark approval of HemoStream(TM) Chronic Dialysis Catheter
7. Angiotech wins before the UK House of Lords
8. Angiotech to Establish Separate Operating and Royalty Businesses
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10. Angiotech announces market launch of Quill(TM) SRS MONODERM(TM)
11. Angiotechs corporate partner, Cook Medical, announces positive interim results for its Zilver(R) PTX(TM) clinical study
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