Abraxis BioScience (ABII)

Goodwill and Intangible Assets

We perform impairment tests related to goodwill annually and whenever events or changes in circumstances suggest that it is more likely than not that the fair value of the reported units are below their carrying values. No impairment charges were required on our $241.4 million of goodwill as of December 31, 2009 and 2008.

Intangible assets are recorded at acquisition cost or allocated fair value relative to our acquisitions. Most of our intangible assets have finite lives and are amortized on a straight-line basis over the period estimated revenues are expected to be derived from such assets. The weighted average amortization period is approximately five years. We review our intangible assets for impairment whenever events or changes in circumstance indicate that the carrying amount of an intangible asset may not recoverable. No impairment charges were required for our intangible assets as of December 31, 2009 and 2008.

Goodwill and Intangible Assets

We are required to perform impairment tests related to goodwill under SFAS No. 142, Goodwill and Other Intangible Assets annually, which we perform on October 1, and whenever events or changes in circumstances suggest that it is more likely than not that the fair value of the reported units are below their carrying values. We completed the annual impairment tests for our $241.4 million of goodwill and determined that goodwill was not impaired and that no impairment charges were required in 2008.

Intangible assets are recorded at acquisition cost or allocated fair value relative to our acquisitions and are amortized on a straight-line basis over the period estimated revenues are expected to be derived from such assets (weighted average amortization period of approximately five years). We review our intangible assets for impairment whenever events or changes in circumstance indicate that the carrying amount of an intangible asset may not recoverable. We recognized no impairment charges in 2008 for any intangible assets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets

We are required to perform impairment tests related to goodwill under SFAS No. 142, “Goodwill and Other Intangible Assets” annually, which we perform on October 1, and whenever events or changes in circumstances suggest that it is more likely than not that the fair value of the reported units are below their carrying values. We completed the annual impairment tests for our $241.4 million of goodwill in the fourth quarter of 2007 and determined that goodwill was not impaired and that no impairment charges were required.

Intangible assets are recorded at acquisition cost and are amortized on a straight-line basis over the period estimated revenues are expected to be derived from such assets (weighted average amortization period of approximately five years). We review our intangible assets for impairment whenever events or changes in circumstance indicate that the carrying amount of an intangible asset may not recoverable.

Goodwill and Intangible Assets

We are required to perform impairment tests related to goodwill under SFAS No. 142, “Goodwill and Other Intangible
Assets” annually, which we perform on October 1, and whenever events or changes in circumstances suggest that it is more likely than not that the fair value of the reported units are below their carrying values. We completed the annual
impairment tests for our $241.4 million of goodwill in the fourth quarter of 2007 and determined that goodwill was not impaired and that no impairment charges were required.