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Angiotech Pharmaceuticals, Inc. announces financial results for the second quarter ended June 30, 2009
Date:8/6/2009

--------------------------------- --------------------------------------- Operating (loss) income (7,284) 11,101 3,817 --------------------------------- --------------------------------------- Other income (expenses): Foreign exchange (loss) gain 140 (140) f - Investment and other income (loss) 686 12 g 698 Loss on sale/write-down of investments (10,660) 10,660 h - Interest expense on long-term debt (10,941) 559 i (10,382) --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- (20,775) 11,091 (9,684) --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- (Loss) income before income taxes (28,059) 22,192 (5,867) Income tax (recovery) expense (1,988) 3,563 j 1,575 --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- Net loss for the period (26,071) 18,629 (7,442) --------------------------------- --------------------------------------- Basic and diluted net loss per common share $ (0.31) $ (0.09) --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- Weighted average shares outstanding (000's) - basic & diluted 85,122 85,122 --------------------------------- --------------------------------------- ----------
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SOURCE Angiotech Pharmaceuticals, Inc.
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