MONT-SAINT-HILAIRE, QUEBEC -- (MARKET WIRE) -- February 26, 2007 -- Axcan Pharma Inc. (“Axcan” or the “Company”) (TSX: AXP)(NASDAQ: AXCA) announced today that it will host its fiscal 2006 Annual General and Special Meeting of Shareholders on Wednesday, February 28, 2007. The Meeting will be held at the Omni Hotel, 1050 Sherbrooke West, Montreal, Quebec, Canada at 10:00 A.M. (ET). For those who are unable to attend in person, a webcast of the Company’s presentation will be available from 30 minutes after the Meeting on the Company’s website at www.axcan.com.