Replies to post #433 on Angiotech Pharmaceuticals, Inc. (fka ANPIQ)

[psl]

This all I could find from December 22, 2010

FOR IMMEDIATE RELEASE
PRESS RELEASE
December 22, 2010
Angiotech Pharmaceuticals, Inc. Announces Agreement to Extend Cure Period
Under Subordinated Note Indenture
Vancouver, BC, December 22, 2010 – Angiotech Pharmaceuticals, Inc. (NASDAQ:
ANPI; TSE: ANP) (“Angiotech” or the “Company”) today announced that it and U.S.
Bank National Association, as successor trustee under the Company’s subordinated note
indenture, dated as of March 23, 2006 (as amended, supplemented or otherwise modified
from time to time, the “Subordinated Note Indenture”), at the direction of a majority of
the holders of the Company’s 7.75% Senior Subordinated Notes due 2014 (the
“Subordinated Notes”), have executed a supplement to the Subordinated Note Indenture
(the “Supplemental Indenture”). The Supplemental Indenture extends the grace period
applicable to interest payments due on the Subordinated Notes from 90 days to 120 days
before an event of default occurs. The Subordinated Note Indenture was previously
amended on October 29, 2010 and November 29, 2010 to extend this grace period to 60
days and 90 days, respectively.
The Supplemental Indenture will be filed by the Company on both SEDAR and EDGAR,
and the description of the Supplemental Indenture contained in this press release is
qualified by the full text of the Supplemental Indenture.
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 2010 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, events or developments to be materially different from any future results, events or
developments expressed or implied by such forward-looking statements. Many such known risks,
uncertainties and other factors are taken into account as part of our assumptions underlying these forwardlooking
statements and include, among others, the following: general economic and business conditions in
the United States, Canada and the other regions in which we operate; market demand; technological
changes that could impact our existing products or our ability to develop and commercialize future
products; competition; existing governmental legislation and regulations and changes in, or the failure to
comply with, governmental legislation and regulations; availability of financial reimbursement coverage
from governmental and third-party payers for products and related treatments; adverse results or
unexpected delays in pre-clinical and clinical product development processes; adverse findings related to
the safety and/or efficacy of our products or products sold by our partners; decisions, and the timing of
decisions, made by health regulatory agencies regarding approval of our technology and products; the
requirement for substantial funding to conduct research and development, to expand manufacturing and
commercialization activities; and any other factors that may affect our performance. In addition, our
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business is subject to certain operating risks that may cause any results expressed or implied by the
forward-looking statements in this press release to differ materially from our actual results. These operating
risks include: our ability to attract and retain qualified personnel; our ability to successfully complete preclinical
and clinical development of our products; changes in our business strategy or development plans;
our failure to obtain patent protection for discoveries; loss of patent protection resulting from third-party
challenges to our patents; commercialization limitations imposed by patents owned or controlled by third
parties; our ability to obtain rights to technology from licensors; liability for patent claims and other claims
asserted against us; our ability to obtain and enforce timely patent and other intellectual property protection
for our technology and products; the ability to enter into, and to maintain, corporate alliances relating to the
development and commercialization of our technology and products; market acceptance of our technology
and products; our ability to successfully manufacture, market and sell our products; the availability of
capital to finance our activities; our ability to restructure and to service our debt obligations; and any other
factors referenced in our other filings with the applicable Canadian securities regulatory authorities or the
Securities and Exchange Commission (“SEC”). For a more thorough discussion of the risks associated with
our business, see the “Risk Factors” section in our annual report for the year ended December 31, 2009
filed with the SEC on Form 10-K, as amended, and our quarterly report for the 3rd quarter of 2010 filed
with the SEC on Form 10-Q.
Given these uncertainties, assumptions and risk factors, investors are cautioned not to place undue
reliance on such forward-looking statements. Except as required by law, we disclaim any obligation
to update any such factors or to publicly announce the result of any revisions to any of the forwardlooking
statements contained in this press release to reflect future results, events or developments.
©2010 Angiotech Pharmaceuticals, Inc. All Rights Reserved.
About Angiotech
Angiotech Pharmaceuticals, Inc. is a global specialty pharmaceutical and medical device
company. 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
www.angiotech.com.
FOR ADDITIONAL INFORMATION:
Rick Smith
Investor Relations and Corporate Communications
Angiotech Pharmaceuticals, Inc.
[phone]
[e-mail]