Axcan Pharma to Present at the BMO Capital Markets Focus on Healthcare Conference

MONT-SAINT-HILAIRE, QUEBEC (TSX: AXP) (NASDAQ: AXCA) today announced that on Tuesday, December 4, 2007, President and Chief Executive Officer, Frank Verwiel, M.D., will present an overview of the Company at the BMO Capital Markets Focus on Healthcare Conference to be held in New York, NY. This presentation will take place at 1:30 p.m. Eastern time.

A webcast of Axcan's presentation will also be accessible via the Company's website at www.axcan.com.

ABOUT AXCAN PHARMA

Axcan is a leading multinational specialty pharmaceutical company focused on gastroenterology. The Company develops and markets a broad line of prescription products to treat a range of gastrointestinal diseases and disorders such as inflammatory bowel disease, irritable bowel syndrome, cholestatic liver diseases and complications related to pancreatic insufficiency. Axcan's products are marketed by its own specialized sales forces in North America and Europe. Its common shares are listed on the NASDAQ Global Market under the symbol "AXCA" and on the Toronto Stock Exchange under the symbol "AXP".

Contacts: Axcan Pharma Inc. Isabelle Adjahi Senior Director, Investor Relations and Communications 450-467-2600 ext. 2000 www.axcan.com

Axcan Pharma (MM) (NASDAQ:AXCA)
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