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

341) 341 h - Investment and other income 10,393 (5,422) i 4,971 Interest expense on long-term debt (51,748) 2,242 j (49,506) Write-down and other deferred financing charges - - - Write-down / loss on redemption of investments (8,157) 8,157 m - Write-down of assets held for sale - - - Write-down of goodwill - - - ------------------------------------------------------------------------- ------------------------------------------------------------------------- (49,853) 5,318 (44,535) ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Loss) income from continuing operations before income taxes (70,592) 68,268 (2,324) Income tax (recovery) expense (14,545) 18,066 p 3,521 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Loss) income from continuing operations (56,047) 50,202 (5,845) Net loss from discontinued operations, net of income taxes (9,893) 9,893 - ------------------------------------------------------------------------- Net (loss) income for the period $ (65,940) $ 60,095 $ (5,845) ------------------------------------------------------------------------- Basic and diluted net (loss) income per common share from continuing operations $ (0.66) $ (0.07) ----------------------------------------------------------
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SOURCE Angiotech Pharmaceuticals, Inc.
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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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