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

rch and development expense 6,175 7,723 23,701 53,192 Non-recurring restructuring related charges(b) - (338) - (3,302) Technology acquisition related charges(c) (500) (313) (1,866) (938) Non-recurring supply/ distribution agreement termination costs(b) - - - (500) Stock based compensation expense(d) (105) (125) (424) (795) ------------- ------------- ------------- ------------- Adjusted research and development expense 5,570 6,947 21,411 47,657 ------------- ------------- ------------- ------------- ------------- ------------- ------------- ------------- RECONCILIATION OF GAAP SELLING, GENERAL & ADMINISTRATION EXPENSE TO NON-GAAP ADJUSTED SELLING, GENERAL & ADMINISTRATIVE EXPENSE (Unaudited) Three months ended Year ended (in thousands US $) December 31, December 31, 2009 2008 2009 2008 ------------- ------------- ------------- ------------- GAAP - selling, general and administration expense 22,402 21,381 81,504 98,483 Non-recurring restructuring related charges(b) (191) (1,245) (2,659) (6,983) Stock based compensation expense(d) (303) (333) (1,155) (1,641) Litigation related charges(g) (684) (177) (3,297)
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SOURCE Angiotech Pharmaceuticals, Inc.
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