Axcan Pharma Announces Conference Call And Web Cast For Second Quarter Of Fiscal 2006 Results

MONT-SAINT-HILAIRE, QC, April 24 /PRNewswire-FirstCall/ - Axcan Pharma Inc. ("Axcan" or the "Company") today announced that it will report financial results for the second quarter of fiscal 2006, ended March 31, 2006, on Thursday, May 4, 2006, after market close.

Axcan will host a conference call at 8:30 A.M. ET, on Friday, May 5, 2006. Interested parties may also access the conference call by web cast at www.axcan.com. The web cast will be archived for 90 days.

The telephone numbers to access the conference call are (866) 250-4910 (Canada and United States) or (416) 644-3425 (international). A replay of the call will be available until May 12, 2006. The telephone number to access the replay of the call is (416) 640-1917 code: 21186200(pound key).

Axcan is a leading specialty pharmaceutical company involved in the field of gastroenterology. The Company markets a broad line of prescription products sold for the treatment of symptoms in a number of gastrointestinal diseases and disorders such as inflammatory bowel disease, irritable bowel syndrome, cholestatic liver diseases and complications related to cystic fibrosis. Axcan's products are marketed by its own sales force in North America and Europe. Its common shares are listed on the Toronto Stock Exchange under the symbol "AXP" and on the NASDAQ National Market under the symbol "AXCA".

"Safe Harbor" statement under the Private Securities Litigation Reform

Act of 1995.

To the extent any statements made in this release contain information that is not historical, these statements are essentially forward looking and are subject to risks and uncertainties, including the difficulty of predicting FDA and other regulatory approvals, acceptance and demand for new pharmaceutical products, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission and the Canadian Multijurisdictional Disclosure System.

AXCAN PHARMA INC.

CONTACT: Isabelle Adjahi, Director, Investor Relations, Axcan Pharma Inc.,(450) 467-2600 ext. 2000, Web: www.axcan.com; SOURCE: AXCAN PHARMA INC. Torequest a free copy of this organization's annual report, please go tohttp://www.newswire.ca and click on reports@cnw.

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