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DRAXIS Health Reports Fourth Quarter and Year End Results
Date:2/7/2008

Anipryl(R)

(30) (825) (96.4%) deferred revenues (120) (3,301) (96.4%)

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Operating Income

$253 $3,602 (93.0%) - Adjusted(1) $2,648 $11,896 (77.7%)

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Diluted EPS -

($0.01) $0.09 Reported $0.04 $0.28

Adjustments:

(a) Non-recurring

Shire milestone

- - receipt(2) (0.01) -

(b) Insurance

- - proceeds(3) (0.01) -

(c) DSU (recovery)

- - expense(4) (0.01) -

0.03 - (d) Severance 0.04

Anipryl(R) deferred

- (0.02) revenues - (0.07)

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Diluted EPS -

$0.02 $0.07 Adjusted(1) $0.05 $0.21

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(1) "Adjusted Operating Income (Loss)" and "Adjusted Diluted EPS" are

defined as reported operating income (loss) and diluted EPS excluding

certain items. These terms do not have a standardized meaning

prescribed by U.S. GAAP and therefore may not be comparable to

similar measures used by other companies. Management uses adjusted

operati
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SOURCE DRAXIS Health Inc.
Copyright©2008 PR Newswire.
All rights reserved

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