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DRAXIS Names GE Healthcare as Exclusive Distributor of DRAXIMAGE(R) Sestamibi in USA
Date:12/20/2007

Strategic partnership with industry leader gives DRAXIMAGE strong

competitive position in nuclear medicine's largest market segment

MONTREAL, Dec. 20 /PRNewswire-FirstCall/ - DRAXIMAGE, the radiopharmaceutical division of DRAXIS Health Inc. (TSX: DAX) (NASDAQ: DRAX), has appointed GE Healthcare, an industry leader in nuclear medicine, as the exclusive distributor of DRAXIMAGE(R) Sestamibi in the United States. DRAXIMAGE(R) Sestamibi is a generic kit for the preparation of Technetium (Tc-99m) Sestamibi injection, a diagnostic cardiac imaging agent used in myocardial perfusion imaging (MPI) to evaluate blood flow to the heart. Cardiac imaging currently accounts for nearly half of the more than 20 million nuclear medicine procedures conducted in the United States.

DRAXIMAGE has granted GE Healthcare the exclusive right to market, distribute and sell its generic DRAXIMAGE(R) Sestamibi in the U.S. market and through its U.S. and Canadian radiopharmacy network once the primary innovator patent expires and marketing authorizations are received from the U.S. Food and Drug Administration (FDA) and Health Canada. Furthermore, GE Healthcare has agreed to purchase Technetium 99m Sestamibi injection exclusively from DRAXIMAGE. The initial term of the distribution agreement is for a minimum of three years following FDA approval of the DRAXIMAGE product.

An Abbreviated New Drug Application (ANDA) for DRAXIMAGE(R) Sestamibi was submitted by DRAXIMAGE to the FDA in February 2007 and this ANDA is currently under review. In addition, DRAXIMAGE recently announced the filing of DRAXIMAGE(R) Sestamibi with European and Canadian regulatory authorities seeking additional marketing authorizations.

"Working with GE Healthcare to bring this major product to the market is a significant opportunity for both partners," said Jean-Pierre Robert, President of DRAXIS Specialty Pharmaceuticals Inc., the operating subsidiary of DRAXIS Health. "Strong distribu
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SOURCE DRAXIS Health Inc.
Copyright©2007 PR Newswire.
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