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

anding (000's) - basic and diluted 85,118 85,118 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (in thousands of U.S.$, except Year ended share and per share data) December 31, 2007 ------------------------------------------------------------------------- Reported Adjustments Adjusted REVENUE Royalty revenue $ 116,659 $ - $ 116,659 Product sales, net 170,193 2,579 a 172,772 License fees 842 (842) b - ------------------------------------------------------------------------- 287,694 1,737 289,431 ------------------------------------------------------------------------- EXPENSES License and royalty fees 18,652 - 18,652 Cost of products sold 94,949 (2,065) c 92,884 Research and development 53,963 (4,582) d 49,381 Selling, general and administrative 99,315 (16,470) e 82,845 Depreciation and amortization 33,429 (29,971) f 3,458 In-process research and development 8,125 (8,125) g - ------------------------------------------------------------------------- 308,433 (61,213) 247,220 ------------------------------------------------------------------------- Operating (loss) income (20,739) 62,950 42,211 ------------------------------------------------------------------------- Other income (expenses): Foreign exchange gain (loss) (
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SOURCE Angiotech Pharmaceuticals, Inc.
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