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

erred financing charges. l. Realized loss on disposition of investment and unrealized loss on write-down of investments. m. Net impact of loss and gain on redemption of investments of common share holdings in Orthovita Inc. and NuVasive Inc. respectively. n. Loss on write-down of assets classified as held for sale. o. Loss on write-down of goodwill. p. Tax effects of adjustments a. through o. for the period, including the reversal of tax reserves previously booked. ANGIOTECH PHARMACEUTICALS, INC. CALCULATION OF ADJUSTED EBITDA (Unaudited) Three months ended Year ended (in thousands December 31, December 31, of U.S.$) 2008 2007 2008 2007 ------------------------------------------------------------------------- Net loss on a GAAP basis $ (76,963) $ (27,859) $ (741,176) $ (65,940) Interest expense on long-term debt 10,639 12,774 44,490 51,748 Income tax expense (recovery) (2,577) 9,734 (12,892) (16,152) Depreciation and amortization 9,327 9,902 38,174 37,907 ------------------------------------------------------------------------- EBITDA (59,574) 4,551 (671,404) 7,563 Adjustments: Net loss from discontinued operations, excluding depreciation, amortization and income tax expense included above - - - 11,122 In-process research and development - 125 2,500 8,125 Non-recurring research and development 313
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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
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
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
9. Angiotech To Commence Cash Tender Offer for Senior Floating Rate Notes Due 2013 and 7.75% Senior Subordinated Notes Due 2014
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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