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

a wholly-owned

subsidiary of Angiotech Pharmaceuticals, Inc.

Vascular Wrap(TM) is a trademark of Angiotech Pharmaceuticals, Inc.

HemoStream(TM) is a trademark of Rex Medical, LP, used under license by

Angiotech.

About Angiotech

Angiotech Pharmaceuticals, Inc. is a global specialty pharmaceutical and medical device company with over 1,500 dedicated employees. Angiotech discovers, develops and markets innovative treatment solutions for diseases or complications associated with medical device implants, surgical interventions and acute injury. To find out more about Angiotech (NASDAQ: ANPI, TSX: ANP), please visit our website at http://www.angiotech.com.

ANGIOTECH PHARMACEUTICALS, INC.

CALCULATION OF ADJUSTED EBITDA

(Unaudited)

Three months ended

(in thousands of U.S.$) September 30, 2007

-------------------------------------------------------------------------

Loss from continuing operations before

income taxes on a GAAP basis (17,072)

Interest expense on long-term debt 13,281

Depreciation and amortization from

continuing operations 9,153

-------------------------------------------------------------------------

EBITDA from continuing operations 5,362

-------------------------------------------------------------------------

Adjustments:

Non-recurring revenue, net of license fees (54)

Stock-based compensation 1,353

Litigation expenses 908

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

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