Haemacure Reports on its annual general and special meeting of sh...( HAE...),Health

HAE:TSX

MONTREAL, April 9 /PRNewswire-FirstCall/ - Haemacure Corporation (TSX : HAE), a Montreal-based specialty bio-therapeutics company developing high-value human plasma-derived protein products for commercialization, reports on its Annual General and Special Meeting of Shareholders held this afternoon.

Results of Preclinical Study of Fibrin Sealant in Adhesion Prevention

Haemacure presented the positive results of a preclinical study it recently conducted on the use of the current formulation of its proprietary lead product candidate, the human fibrin sealant Hemaseel(R)HMN. Haemacure's fibrin sealant proved superior to the untreated control subjects in open surgery in preventing the formation of post-surgical adhesions. It also proved to be superior to the data found in published literature for GYNECARE INTERCEED(TM) (TC7) Absorbable Adhesion Barrier, marketed by Ethicon, Inc. Haemacure plans on expanding the fields of use for its fibrin sealant by entering the adhesion prevention market, thanks to the leveraging of the current formulation of its fibrin sealant. Post-surgical adhesions are estimated to cost the U.S. healthcare system US$2.1 billion annually.

New Manufacturing Facility on Schedule and on Budget

Haemacure reported that the construction of its small scale manufacturing facility in Sarasota, Florida is progressing on schedule and on budget. The targeted completion date is mid-2008, as planned. The construction of a small-scale facility is the first phase of Haemacure's two-phase strategy to significantly reduce the cost of meeting its First-Patient-In objective during the first quarter of 2009. The second phase of the strategy consists in expanding the facility during the review of its license applications by regulatory authorities, and in completing the development of Haemacure's second product candidate, the Hemaseel(R)Thrombin active hemostatic agent. Haemacure's fibrin seal
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