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

LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities $ 58,690 $ 61,415 Long-term debt 575,000 575,000 Deferred income taxes 37,863 40,577 Other tax liabilities 2,962 3,145 Other long-term liabilities 4,849 4,933 Stockholders' deficit (297,044) (299,873) ------------------------------------------------------------------------- Total liabilities and stockholders' deficit $ 382,320 $ 385,197 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Forward Looking Statements --------------------------

Statements contained in this press release that are not based on historical fact, including without limitation statements containing the words "believes," "may," "plans," "will," "estimates," "continues," "anticipates," "intends," "expects" and similar expressions, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All such statements are made pursuant to the "safe harbor" provisions of applicable securities legislation. Forward-looking statements may involve, but are not limited to, comments with respect to our objectives and priorities for the remainder of 2009 and beyond, our strategies or future actions, our targets, expectations for our financial condition and the results of, or outlook for, our operations, research and development and product and drug development. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, even
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SOURCE Angiotech Pharmaceuticals, Inc.
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