Abraxis BioScience (ABII)

Impairment Charge

We assess for potential impairment of our long-lived assets whenever events or changes in circumstances indicate that the carrying value of the assets might not be recoverable. A long-lived asset is impaired when the carrying value of the asset is determined not to be recoverable and the carrying amount exceeds the asset’s fair value. For the year ended December 31, 2009, we recorded an impairment charge of $14.0 million on property, plant and equipment for which the intended use had changed. For the year ended December 31, 2008, we recognized an impairment charge $9.2 million as a result of an anticipated sale of certain property, plant and equipment.

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Impairment Charge

We review our property, plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of the assets might not be recoverable. For the year ended December 31, 2009, based on market valuations, we recorded an impairment charge of $14.0 million on assets for which the intended use had changed. For the year ended December 31, 2008, we recognized an impairment charge of $9.2 million as a result of an anticipated sale of certain property, plant and equipment.

Impairment Charge

We recorded a property, plant and equipment impairment charge totaling $9.2 million as a result of an anticipated sale of certain property, plant and equipment,.

Impairment Charge

FACE="Times New Roman" SIZE="2">We recorded a property, plant and equipment impairment charge totaling $9.2 million as a result of an anticipated sale of certain property, plant and equipment,.

Impairment Charge

We review our property, plant and equipment for impairment whenever events or changes in circumstance indicate that the carrying amount of an asset may not be recoverable. For the year ended December 31, 2008, we recorded an asset impairment charge of $9.2 million as a result of an anticipated sale of certain property, plant and equipment. The amount is included in “impairment charge” in the consolidated and combined statements of operations.

Impairment Charge

Impairment Charge

As a result of an anticipated sale of certain property, plant and equipment, we recorded a property, plant and equipment impairment charge totaling $9.2 million.