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

------------------------------------------------- ------------------------------------------------- For a consolidated reconciliation of all GAAP financial measures identified above to corresponding non-GAAP financial measures, refer to the following tables. ANGIOTECH PHARMACEUTICALS, INC. RECONCILIATION OF GAAP FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited) (in thousands of U.S.$, except share and per Three Months Ended Three Months Ended share data) December 31, 2009 December 31, 2008 ------------------------------------------------------------------------- Reported Adjustments Adjusted Reported Adjustments Adjusted REVENUE Product sales, net $ 49,975 $ - $ 49,975 $ 46,054 $ - $ 46,054 Royalty revenue 13,533 - 13,533 15,676 - 15,676 License fees 53 (53)a - 352 (352)a - ------------------------------------------------------------------------- 63,561 (53) 63,508 62,082 (352) 61,730 ------------------------------------------------------------------------- EXPENSES Cost of products sold 29,010 (604)k 28,406 23,622 - 23,622 License and royalty fees 2,494 - 2,494 2,774 - 2,774 Research and development 6,175 (500)c 5,570 7,723 (313)c 6,947 (105)d (125)d - (338)b Selling, general and admin- istrative 22,402 (191)b 21,224 21,381 (1,245)b 18,961 (
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SOURCE Angiotech Pharmaceuticals, Inc.
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