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PALADIN REPORTS 2006 FIRST QUARTER FINANCIAL RESULTS

May 11, 2006

Paladin Labs Inc., a leading Canadian specialty pharmaceutical company, today reported its 2006 first quarter financial results. First Quarter Highlights: Revenues reached $10.1 million, an increase of 58% versus last year.

CCN Matthews (http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showText=all&actionFor=594101)