Axcan Pharma to Hold Special Meeting of Shareholders on January 25, 2008

MONT-SAINT-HILAIRE, QUEBEC--(Marketwire - Jan. 22, 2008) - As previously announced, Axcan Pharma Inc. (“Axcan” or the “Company”) (TSX:AXP)(NASDAQ:AXCA) will hold a special meeting of shareholders, at which shareholders will be asked to consider the previously-announced proposed arrangement with an affiliate of TPG Capital.

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