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DRAXIS Obtains Interim Order for Proposed Arrangement
Date:4/24/2008

Annual and special meeting of shareholders set for May 23, 2008

TORONTO, April 24 /PRNewswire-FirstCall/ - DRAXIS Health Inc. ("DRAXIS") (TSX: DAX) (NASDAQ: DRAX) announced today that it has obtained an Interim Order from the Quebec Superior Court in connection with the proposed statutory arrangement under which all of DRAXIS' common shares will be acquired by a subsidiary of Jubilant Organosys Ltd ("Jubilant") for US$6.00 per common share. The arrangement will be considered at the annual and special meeting of DRAXIS shareholders scheduled to be held at 10:00 a.m. (Toronto time) on Friday, May 23, 2008 at the offices of McCarthy Tetrault LLP, Suite 5300, TD Bank Tower, Toronto, Ontario, Canada.

The record date for determining the holders of common shares of DRAXIS entitled to receive notice of and to vote at the annual and special meeting of shareholders is the close of business on April 24, 2008.

The Notice of Annual and Special Meeting and Management Information Circular relating to the meeting will be mailed to DRAXIS shareholders shortly. Once mailed, the Management Information Circular will be available at http://www.sedar.com and http://www.sec.gov, as well as on DRAXIS' website at http://www.draxis.com. The Circular provides important information about the proposed plan of arrangement, as well as important information regarding voting procedures. All shareholders are urged to read the Circular once it is available.

About DRAXIS Health Inc.:

DRAXIS Health, through its wholly owned operating subsidiary, DRAXIS Specialty Pharmaceuticals Inc., provides pr
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SOURCE DRAXIS Health Inc.
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