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Labopharm settles $1 million draw down under standby equity distribution agreement
Date:1/8/2010

the U.S., Canada, the United Kingdom, major European markets and Australia. The Company's second product, a novel formulation of trazodone for the treatment of major depressive disorder, is under regulatory review in the U.S. and Canada and the Company has initiated the European regulatory approval process for its third product, a twice-daily formulation of tramadol-acetaminophen. Labopharm also has a 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 commercialize its own products. For more information, please visit www.labopharm.com.

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. Except as required by law, the Company undertakes no obligation and does not intend to update these forward-looking statements.

SOURCE Labopharm Inc.


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SOURCE Labopharm Inc.
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Related medicine news :

1. Labopharm Initiates Regulatory Approval Process for Twice-Daily Tramadol-Acetaminophen in Europe
2. Labopharm Enters Into CAD$25 Million Standby Equity Distribution Agreement
3. Labopharm Reports Results for Third Quarter Fiscal 2009
4. Labopharm to present data on its novel trazodone formulation at three upcoming international medical meetings
5. Labopharms response for novel trazodone formulation accepted by FDA as complete - Designated as Class 2 resubmission
6. Labopharm submits response to FDA for novel antidepressant
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10. Labopharm receives complete response letter from the U.S. FDA for novel antidepressant
11. Labopharm amends debt facility agreement with Hercules
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