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AXCAN ANNOUNCES THIRD QUARTER 2005 RESULTS

August 12, 2005

Axcan Pharma Inc. (AXP.TO: Quote, Profile, Research) (AXCA.O: Quote, Profile, Research), which specializes in gastrointestinal treatments, said on Thursday its quarterly profit fell 67 percent due in part to higher research, selling and administration costs. The Quebec-based firm said it had net profit of $4.1 million, or 9 cents a share, for the quarter ended June 30. That is down from profit of $12.6 million, or 25 cents a share, in the prior-year period.

Reuters (http://today.reuters.com/investing/financeArticle.aspx?type=marketsNews&storyID=2005-08-11T212026Z_01_N11380278_RTRIDST_0_HEALTH-AXCAN-EARNS-UPDATE-1.XML)