MONT SAINT-HILAIRE, QUEBEC -- (MARKET WIRE) -- October 31, 2006 -- Axcan Pharma Inc. (“Axcan” or the “Company”) (TSX: AXP)(NASDAQ: AXCA) today announced that on Tuesday, November 7, 2006, President and Chief Executive Officer, Frank A.G.M. Verwiel, M.D., will present an overview of the Company at the CIBC World Markets 17th Annual Healthcare Conference to be held in New York, NY. This presentation will take place at 2:25 p.m. (Eastern time).