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Angiotech announces results for the fourth quarter ended December 31, 2007
Date:2/14/2008

x receivable and write off of certain

capitalized costs.

ANGIOTECH PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(in thousands of

U.S.$, except

share and per Year ended Year ended

share data) December 31, 2007 December 31, 2006

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Adjust- Adjust-

Reported ments Adjusted Reported ments Adjusted

REVENUE

Royalty revenue 116,659 116,659 175,254 (9,000)a 166,254

Product sales, net 170,193 2,579 b 172,772 138,590 138,590

License fees 842 (842)c - 1,231 (1,231)c -

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287,694 1,737 289,431 315,075 (10,231) 304,844

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EXPENSES

License and royalty

fees 18,652 18,652 25,409 25,409

Cost of products

sold 95,529 (2,645)d 92,884 68,263 68,263

Research and

development 53,963 (4,582)e 49,381 45,393 (2,490)e 42,903

Selling, general

and administrative 99,713 (16,868)f 82,845 78,732 (17,262)f 61,470

Depreciation and

amortization 33,429 (29,971)g 3,458 36,014 (32,707)g 3,307

In-process research

and development 8,125 (8,125)h - 1,042 (1,042)h -

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309,411 (62,191) 247,220 254,853 (53,501) 201,352

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SOURCE Angiotech Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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