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BELLUS Health is Preparing to Voluntarily Delist from the NASDAQ Capital Market
Date:12/5/2008

listing.

The Company has received confirmation from holders of at least a majority in value of the $42,085,000 aggregate principal amount of 6% convertible senior notes issued in November 2006 (the Notes) of their intention to consent to an amendment to the Trust Indenture governing the Notes, which would permit delisting from NASDAQ.

Listing of the Company's securities on NASDAQ is a condition to drawdown under the terms of the equity line of credit facility concluded with Cityplatz Limited in August of 2006, as amended (the Credit Facility). Delisting its common stock from NASDAQ will mean that the Company will no longer be able to avail itself of funds under the Credit Facility. Based on recent trading prices and volumes, the total amount that could potentially be drawn down under the Credit Facility is approximately US$1 million on an annual basis.

About BELLUS Health

BELLUS Health is a global health company focused on the development and commercialization of products to provide innovative health solutions to address critical unmet needs.

To Contact BELLUS Health

For additional information on BELLUS Health and its drug development programs, please call the Canada and United States toll-free number 1 877 680 4500 or visit the Web Site at www.bellushealth.com.

Certain statements contained in this news release, other than statements of fact that are independently verifiable at the date hereof, may constitute forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond BELLUS Health Inc.'s control. Such risks include but are not limited to: the impact of general economic conditions, general conditions in the pharmaceutical and/or nutraceutical indu
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SOURCE BELLUS HEALTH INC.
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