Navigation Links
Angiotech announces preliminary third quarter financial results and updates fiscal 2007 outlook
Date:10/19/2007

VANCOUVER, Oct. 19 /PRNewswire-FirstCall/ - Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI, TSX: ANP), a global specialty pharmaceutical and medical device company, today announced preliminary financial results from the third quarter ended September 30, 2007 and updated its financial outlook for the full year ending December 31, 2007, in conjunction with the release of Boston Scientific Corporation's (BSC) third quarter financial results earlier today. Angiotech will release its complete third quarter financial results, including Management's Discussion and Analysis of Financial Condition and Results of Operations, and hold its third quarter results conference call for analysts and investors, as scheduled on November 1, 2007.

Selected preliminary unaudited financial results for the third quarter are as follows:

- Total revenues were $68.0 million.

- Net product sales were $41.4 million and were derived primarily from

sales of our various single-use specialty medical devices as well as

from sales of medical device components to third parties.

- Royalty revenue was $26.6 million and included $24.9 million of

royalty revenue derived from sales by BSC of paclitaxel-eluting

coronary stent systems.

- Adjusted EBITDA (earnings before interest, taxes, depreciation and

amortization, adjusted to exclude certain non-cash and non-recurring

items) was $7.2 million. Excluding research and development expenses,

the significant majority of which are discretionary and relate

primarily to our Pharmaceutical Technologies segment, Adjusted EBITDA

would be $19.8 million.

- Cash and long-term investment
'/>"/>

SOURCE Angiotech Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. Speaker announces business members of IT Task Force
2. Doyle announces technology tax credits for Berbee
3. Doyle announces new energy, global warming policies
4. Doyle announces $80M renewable energy strategy
5. GE announces first installation of Discovery VCT
6. UWM announces winners of RGI awards
7. Third Wave announces two senior management appointments
8. Mirus announces new method for making antibodies
9. Merge announces sofware updates, upcoming acquisition
10. Small Tree announces ethernet solution for Apple Xserv G5
11. TEKLYNX International announces new RFID software
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2013)... Bed bugs already cost Alton Housing Authority thousands. And as ... from kmov.com suggested that the said office might need to ... be of help, My Cleaning Products gave tips how to ... service. , The report, which was posted on May ... $35,000 for bed bug elimination, My Cleaning Products shared. ...
(Date:5/23/2013)... 23, 2013 Watlow®, an industry ... thermal systems, recently introduced its new catalog, Watlow® ... experience in designing and manufacturing industrial heaters, Watlow ... to serve diverse customer needs. , A description ... the beginning of the book. These options allow ...
(Date:5/23/2013)... Just released this month on Amazon and B&N ... Roche: “Commit to Confidence: 30 Strategies to Help Women ... and quotes from the fields of psychology and business, relevant ... readers can do on their own or with a coach, ... professional goals. , “My book is a five-chapter ...
(Date:5/22/2013)... 2013 Industry leaders from around ... the Oak Ridge National Laboratory’s Biosurveillance Symposium ... at the Hilton Alexandria Mark Center. Held in ... conference on June 18 - 19. , ... American Elements, Applied Research Associates, ARA, AttaGene, Battelle, ...
Breaking Biology Technology:Bed Bug Exterminator Service Could Cost AHA $250K, My Cleaning Products Gives Tips How to Save Apartments from Costly Bed Bug Treatment 2Watlow Introduces Its New Industrial Heater Catalog 2Biodetection Technologies 2013 and Oak Ridge National Lab’s Biosurveillance Symposium to Bring Together Leading Organizations in Alexandria, VA from June 17-19, 2013 2Biodetection Technologies 2013 and Oak Ridge National Lab’s Biosurveillance Symposium to Bring Together Leading Organizations in Alexandria, VA from June 17-19, 2013 3Biodetection Technologies 2013 and Oak Ridge National Lab’s Biosurveillance Symposium to Bring Together Leading Organizations in Alexandria, VA from June 17-19, 2013 4Biodetection Technologies 2013 and Oak Ridge National Lab’s Biosurveillance Symposium to Bring Together Leading Organizations in Alexandria, VA from June 17-19, 2013 5
... writing this article, we are 42 days away from the Olympics ... thinking, "But wait, isn't this meeting normally in June?", you would ... in June, but not this year. , ,The BIO ... about 2 months earlier than normal for a couple of key ...
... revenue led Third Wave Technologies to a loss of ... the loss was expected share price rose slightly in light trading. ... a rough patch. It has a new focus on the ... ,Third Wave's 2005 revenue was $23.9 million, compared to 2004 revenue ...
... Information technology suffers from one bugbear above all: complexity. That ... night and explored by panelists and attendees of the ... that will win," said Frank Timons, an analysit with R.W. ... by "too many applications, too many vendors, too many business ...
Cached Biology Technology:42 days until the 2006 Olympics of Biotechnology in Chicago 242 days until the 2006 Olympics of Biotechnology in Chicago 342 days until the 2006 Olympics of Biotechnology in Chicago 442 days until the 2006 Olympics of Biotechnology in Chicago 5Simplicity appeals to CIOs, but it's no easy task 2Simplicity appeals to CIOs, but it's no easy task 3
(Date:5/23/2013)... In an age when microbial pathogens are growing increasingly ... infection, a team of Wisconsin scientists has synthesized a ... bacteria that cause staph infections. , Writing online in ... a group led by University of Wisconsin-Madison chemistry Professor ... "quorum sensing" behavior of Staphylococcus aureus , a ...
(Date:5/22/2013)... National Lung Screening Trial (NLST) investigators also conclude ... mortality with low-dose computed tomography (LDCT) versus chest ... primary paper is achievable at experienced screening centers ... more information to share with their patients about ... screening following today,s publication in the New ...
(Date:5/22/2013)... have developed a novel technique that can detect molecular ... that is one of the most important, though time-consuming, ... a paper in Nature , post-doctoral researcher David ... Schnell of the Center for Free-Electron Laser Science (CFEL) ... finely-tuned microwave fields to identify molecular variants apart, and ...
Breaking Biology News(10 mins):University of Wisconsin chemists find new compounds to curb staph infection 2NLST: CT detects twice as many lung cancers as X-ray at initial screening exam 2NLST: CT detects twice as many lung cancers as X-ray at initial screening exam 3Detecting mirror molecules 2Detecting mirror molecules 3
... A study by UC Irvine ecologists finds that ... an average of 20 percent, countering the belief that ... Faster plant growth means the tropics will take in ... effects are unclear. Over the next century, nitrogen pollution ...
... As reported in this week,s issue of "New Scientist" magazine, ... indicates that what is on one,s mind about politics may ... who has researched this topic for a number of years, ... than 12,000 twins in the United States and supplemented it ...
... birds originate around the time of the dinosaurs, demise, ... The question is at the center of a sometimes ... are based on the fossil record, and scientists who ... A new analysis by researchers at the University of ...
Cached Biology News:Nitrogen pollution boosts plant growth in tropics by 20 percent 2Avian origins: new analysis confirms ancient beginnings 2
... optimization kit provides a variety of reagents ... delivery with the Helios gene gun. The ... micrometer, 1.0 micrometer, and 1.6 micrometer gold ... that provides 0.5 g polyvinylpyrrolidone (PVP) with ...
... Blocker Arrays can be used to ... various proteins and sera that are commonly ... The array contains spots for 21 different ... Determination of antibody crossreactivity and species specificity, ...
High-throughput DNA preparation and end sequencing of BAC libraries. 3730xl DNA sequencers. LIMS tracking utilizing Geospiza's Finch system. Full-length BAC sequencing also available. Our expertise h...
... a full length insert sequencing service for ... and fosmids. Agencourt utilizes unique library ... There are several features that allow ... with rapid turnaround including our patented magnetic ...
Biology Products: