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

- 938 750 Non-recurring revenue, net of license fees (353) (266) (912) (426) Stock-based compensation 458 871 2,439 4,588 Litigation expenses 177 (971) 2,670 4,931 Foreign exchange loss (gain) 1,032 (173) (540) 340 Investment and other income 498 (511) (1,255) (4,814) Severance 1,583 3,526 10,407 8,964 Supply/distribution agreement termination costs - - - 2,199 E&O inventory adjustment - 665 - 2,645 Contour Threads return costs accrual - - - 2,579 Write off of capitalized costs - (981) 500 (300) Write off uncollectible tax receivable - - - 2,250 Gain realized on recovery of investment - - - (7,510) Accrued interest income - - - (597) Non-recurring financing costs 665 - 665 - Write-down and other deferred financing charges 3,000 - 16,544 - Write-down / loss on redemption of investments 10,964 - 23,587 8,157 Write-down of assets held for sale 1,283 - 1,283 - Write-down of goodwill 50,285 - 649,685 - ----------------------------------------------------
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SOURCE Angiotech Pharmaceuticals, Inc.
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3. Angiotech announces termination of note purchase agreement with Ares Management and New Leaf Venture Partners
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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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11. Angiotechs corporate partner, Cook Medical, announces positive interim results for its Zilver(R) PTX(TM) clinical study
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