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Labopharm Reports Results for First Quarter Fiscal 2009
Date:5/7/2009

pared with $44.9 million at December 31, 2008. The cash, cash equivalents and marketable securities position at March 31, 2009 does not include the Company's Long-Term Notes, received in exchange of the Montreal Proposal ABCP, that have an estimated fair value of $3.0 million and that are recorded as a long-term investment.

Conference Call

Labopharm will host a conference call today (Thursday, May 7, 2009) at 8:30 a.m. ET to discuss its first quarter results. To access the conference call by telephone, dial 416-644-3420 or 1-800-732-0232. Please connect approximately five minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Thursday, May 14, 2009 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21303738 followed by the number sign. A live audio webcast of the conference call will be available at www.labopharm.com. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above web site for 30 days.

About Labopharm Inc.

Labopharm is an emerging leader in optimizing the performance of existing small molecule drugs using its proprietary controlled-release technologies. The Company's lead product, a unique once-daily formulation of tramadol, is being commercially launched in key markets globally and its second product, a novel formulation of trazodone for the treatment of major depressive disorder, is under regulatory review by the FDA. The Company also has a robust pipeline of follow-on products in both pre-clinical and clinical development. Labopharm's vision is to become an integrated, international, specialty pharmaceutical company with the capability to internally develop and
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SOURCE Labopharm Inc.
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