Labopharm Reports Results for First Quarter F...(nt expectations regarding future events....),Health

Date:5/8/2008

nt expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors, including the uncertainties related to the regulatory process in various countries for the approval of the Company's products and the successful commercialization of the products throughout the world if they are approved. Investors should consult the Company's ongoing quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

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As at As at

March 31, December 31,

2008 2007

(Thousands of Canadian dollars) $ $

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ASSETS

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Current

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Cash and cash equivalents 21,001 17,173

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Available-for-sale marketable securities 43,444 54,726

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Accounts receivable 1,702 1,972

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SOURCE Labopharm Inc. Copyright©2008 PR Newswire. All rights reserved

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