BELLUS Health Provides Financing Update

LAVAL, QC, March 24 /CNW Telbec/ - Further to the press release issued on February 26, 2009, BELLUS Health Inc. (TSX: BLU - News) reports that, notwithstanding the expiration of the previously announced financing commitments of up to $20 million on March 23, 2009, it remains in discussions regarding the financing in respect of which the commitments were made by FMRC Family Trust and Victoria Square Ventures Inc. The commitments are subject to the conditions announced on February 26 and discussions have taken place with a number of the Company’s other stakeholders. These conditions have not yet all been met. While progress has been made with these stakeholders, there can be no assurance that any transaction will proceed and the Company is reviewing all of its alternatives.