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

commercialize its own products. For more information, please visit www.labopharm.com.

Ryzolt(TM) is a trademark of Purdue Pharma Products L.P.

This press release contains forward-looking statements, which reflect the Company's current 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.

    Labopharm Inc.
    INTERIM CONSOLIDATED BALANCE SHEETS
    (Unaudited)

                                                         As at         As at
                                                      March 31,  December 31,
                                                          2009          2008
                                                                   (Restated)
    (thousands of Canadian dollars)                          $             $
    -------------------------------------------------------------------------
    ASSETS

    Current

    Cash and cash equivalents                           12,094         8,373
    Marketable securities                               23,791        36,520
    Accounts receivable                                  3,909         3,277
    Research and development tax credits receivable      1,574         1,274
 
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SOURCE Labopharm Inc.
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