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

tion in the U.S., the world's largest market for nuclear medicine, is a key element of the DRAXIMAGE comprehensive global strategy to enter the cardiac imaging segment and the signing of this pivotal agreement for the U.S. and Canada marks the completion of a major milestone in our strategy,"

"The DRAXIMAGE team, under Jean-Pierre's leadership, is to be commended for achieving yet another of our key objectives toward fulfilling the commitment made in March 2006 to pursue diagnostic cardiac imaging, a major market not previously served by DRAXIMAGE," said Dan Brazier, acting President of DRAXIS Health Inc. "As we continue to grow our company to the next level through the implementation of projects like DRAXIMAGE(R) Sestamibi, strategic alliances with dedicated partners such as GE Healthcare are expected to become a more significant element in our business model."

GE Healthcare owns and operates a comprehensive network of full-service radiopharmacies dedicated to the practice of nuclear pharmacy in all major urban centers across the United States and in Canada. GE Healthcare also supplies a broad range of equipment, radiopharmaceuticals and other products and services to radiopharmacies and nuclear medicine departments throughout the United States, utilizing a well-trained and experienced sales force.

"Nuclear Cardiology is a proven technology, and we're confident that our partnership with DRAXIMAGE will expand the access to and applicability of these procedures when and where they are needed," said John Chiminski, President and CEO of GE Healthcare's Medical Diagnostics business. "This agreement allows us to remain competitive and further demonstrates our commitment to Nuclear Medicine, through Radiopharmacy performance and the broadest product portfolio in the industry."

According to Arlington Medical Resources, in 2006 there were more than 8 million cardiac studies conducted in the U.S. out of a total of over 20 million nuclear medicine
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SOURCE DRAXIS Health Inc.
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