MONT-SAINT-HILAIRE, QUEBEC--(Marketwire - January 28, 2008) - Axcan Pharma Inc. (“Axcan” or “the Company”) (TSX: AXP)(NASDAQ: AXCA) announced today that the Superior Court of Quebec has issued a final order approving the Plan of Arrangement pertaining to the acquisition by an affiliate of TPG Capital of all outstanding common shares of Axcan. The Court’s final order also held the Plan of Arrangement to be fair and reasonable to Axcan shareholders. The Court’s approval follows January 25th’s special meeting of Axcan’s shareholders, where the Plan of Arrangement was approved by 99.8% of the votes cast by holders of Axcan’s common shares.
