Axcan Pharma Updates on Upcoming Analyst and Investor Events

MONT-SAINT-HILAIRE, QUEBEC--(Marketwire - November 29, 2007) - Axcan Pharma Inc. (“Axcan” or the “Company”) (TSX: AXP)(NASDAQ: AXCA) today announced that following the disclosure of the Agreement for Axcan to be acquired by TPG Capital and its affiliates, the Company would like to inform all interested parties that it will no longer be holding its conference call on Friday 30 November, 2007, to discuss Axcan’s fourth quarter and fiscal year results.

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