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

-- 152,873 (25,450) 127,423 --------------------------------- --------------------------------------- EXPENSES License and royalty fees 5,474 - 5,474 Cost of products sold 49,648 (896) b 48,752 Research and development 12,930 (1,152) c 11,778 Selling, general and administrative 41,178 (5,131) d 36,047 Depreciation and amortization 16,560 (14,834) e 1,726 In-process research and development - - - --------------------------------- --------------------------------------- 125,790 (22,013) 103,777 --------------------------------- --------------------------------------- Operating income (loss) 27,083 (3,437) 23,646 --------------------------------- --------------------------------------- Other income (expenses): Foreign exchange (loss) gain (709) 709 g - Investment and other income (loss) (615) 676 h 61 Loss on sale/write-down of investments - - - Interest expense on long-term debt (19,685) 1,368 j (18,317) --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- (21,009) 2,753 (18,256) --------------------------------- --------------------------------------- --------------------------------- --------------------------------------- Income (loss) before income taxes 6,074 (684) 5,390 Income tax expense (recovery) 5,507 765 k 6,272 ----------------------------
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SOURCE Angiotech Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
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