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

) 3,629 l 1,052 ------------------------------------------------------------------------- Net (loss) income for the period $(15,633) $ 10,905 $ (4,728) $(76,963) $ 74,342 $ (2,621) ------------------------------------------------------------------------- Basic and diluted net (loss) income per common share $ (0.18) $ (0.06) $ (0.90) $ (0.03) ------------------------------------------------------------------------- Weighted average shares outstanding (000's) - basic & diluted 85,130 85,130 85,118 85,118 ------------------------------------------------------------------------- ANGIOTECH PHARMACEUTICALS, INC. RECONCILIATION OF GAAP FINANCIAL MEASURES TO CORRESPONDING NON-GAAP FINANCIAL MEASURES (Unaudited) (in thousands of U.S.$, except share and per Year Ended Year Ended share data) December 31, 2009 December 31, 2008 ------------------------------------------------------------------------- Reported Adjustments Adjusted Reported Adjustments Adjusted REVENUE Product sales, net $ 191,951 $ - $ 191,951 $ 190,816 $ - $ 190,816 Royalty revenue 62,171 - 62,171 91,546 - 91,546 License fees 25,556 (25,556)a - 910 (910)a - ------------------------------------------------------------------------- 279,678 (25,556) 254,122 283,272 (910) 282,362 ------------------------------------------------------------------------- EXPENSES Cost of products sold 104,616 (1,661)b 102,351 101,052 (122)b 100,930 (60
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SOURCE Angiotech Pharmaceuticals, Inc.
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