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MDS Reports First Quarter 2008 Results
Date:3/6/2008

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MDS Analytical Technologies delivered $116 million in revenues, a 119% increase over prior year and $27 million in adjusted EBITDA, a 125% year-over-year increase.

Sciex contributed $60 million in revenues and $16 million in adjusted EBITDA in the first quarter, up 13% and 33% from the prior year respectively. Mass spectrometry end user revenue grew 5% compared to the same period last year.

Molecular Devices (MD) contributed $56 million in revenues and $11 million in adjusted EBITDA. This is the highest quarterly revenue for MD in its history. We remain on track to exceed our first year commitments for the MD acquisition.

Conference Call

MDS will be holding a conference call today at 9:30 am EST to discuss first quarter 2008 results. This call will be webcast live at http://www.mdsinc.com and will also be available in archived format at http://www.mdsinc.com/news_events/webcasts_presentations.asp after the call.

MDS Annual Shareholders Meeting

MDS will be holding its annual shareholders meeting today for shareholders of record at 4:00 pm EST in Toronto. The AGM will be webcast live at http://www.mdsinc.com and will also be available in archived format at http://www.mdsinc.com/news_events/webcasts_presentations.asp.

About MDS

MDS Inc. (TSX: MDS; NYSE: MDZ) is a global life sciences company that provides market-leading products and services that our customers need for the development of drugs and diagnosis and treatment of disease. We are a leading global provider of pharmaceutical contract research, medical isotopes for molecular imaging, radiotherapeutics, and analytical
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SOURCE MDS Inc.
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