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Angiotech Pharmaceuticals, Inc. announces financial results for the fourth quarter ended December 31, 2009
Date:3/3/2010

ges related to product recall(k) 604 - 604 - ------------------------------------------------------------------------- ------------------------------------------------------------------------- Adjusted EBITDA $ 6,868 $ 10,332 $ 49,311 $ 37,109 ------------------------------------------------------------------------- ------------------------------------------------------------------------- RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED NET LOSS (Unaudited) Three months ended Year ended (in thousands December 31, December 31, U.S.$) 2009 2008 2009 2008 ------------- ------------- ------------- ------------- GAAP - net loss (15,633) (76,963) (22,868) (741,176) Non recurring revenue(a) (53) (352) (25,556) (910) Technology acquisition related charge(c) 500 313 1,866 3,438 Non-recurring supply/distribution agreement termination costs(b) - - - 500 Non-recurring restructuring related charges(b) (309) 1,583 3,820 10,407 Stock based compensation expense(d) 408 458 1,579 2,436 Litigation related charges(g) 684 177 3,297 2,670 Write-down of investments, goodwill & other long-lived assets(i) 3,090 62,532 3,090 674,555 Write-down and other deferred financing charges(f) 712 4,224 3,431 19,445 Forei
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SOURCE Angiotech Pharmaceuticals, Inc.
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