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DRAXIS Announces Completion of Sale to Jubilant
Date:5/28/2008

rovided through the DRAXIS Pharma division and radiopharmaceuticals are developed, produced, and sold through the DRAXIMAGE division. DRAXIS employs approximately 500 staff in its Montreal facility.
For additional information please visit http://www.draxis.com

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as contemplated under other applicable securities legislation. These statements can be identified by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "estimate," "continue," "plan," "intend," "believe" or other similar words. These statements discuss future expectations concerning results of operations or financial condition or provide other forward-looking information. Our actual results, performance or achievements could be significantly different from the results expressed in, or implied by, those forward-looking statements. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made.

These statements are not guarantees of future performance. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks, uncertainties and other factors that may cause the actual results or performance of the Company to be materially different from such statements or from any future results or performance implied thereby. Factors that could cause the Company's results or performance to differ materially from a conclusion, forecast or projection in the forward-looking statements include, but are not limited to:

- the achievement of desired clinical trial results related to DRAXIS'

pipeline products;

- timely r
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SOURCE DRAXIS Health Inc.
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Related medicine news :

1. DRAXIS Obtains Final Order for Proposed Arrangement
2. DRAXIS Health Reports Results for the First Quarter of 2008
3. DRAXIS to Report First Quarter Results on May 9th
4. DRAXIS Obtains Interim Order for Proposed Arrangement
5. Jubilant to acquire Draxis Health
6. DRAXIS Responds to Trading
7. DRAXIS Health Reports Fourth Quarter and Year End Results
8. DRAXIS to Report Fourth Quarter and Year End 2007 Results on February 7th
9. DRAXIS Share Buyback Approved by TSX
10. DRAXIS Announces Application for Normal Course Issuer Bid
11. DRAXIS Names GE Healthcare as Exclusive Distributor of DRAXIMAGE(R) Sestamibi in USA
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