Labopharm announces changes to Board of Directors

    LAVAL, QC, Nov. 15 /PRNewswire-FirstCall/ - Labopharm Inc. (TSX: DDS)
 today announced that Mr. R. Ian Lennox has been appointed to the Company's
 Board of Directors and will become a member of the Human Resources and
 Corporate Governance Committee.
     "With significant experience leading both drug discovery and
 pharmaceutical businesses, Mr. Lennox is a strong addition to our Board," said
 James R. Howard-Tripp, President and Chief Executive Officer, Labopharm Inc.
 "We look forward to his guidance and counsel as we prepare for commercial
 launch of our first product."
     Mr. Lennox is a Director of KBSH Capital Management Inc., Chairman of the
 Board of Stressgen Biotechnologies Corporation (TSX:SSB) and a Director of
 Cedara Software Corp. (TSX:CDE, NASDAQ:  CDSW). From 2000 to 2004, Mr. Lennox
 held leadership positions at MDS Inc. (TSX:MDS, NYSE:  MDZ), first as President
 and Chief Executive Officer, Drug Discovery and Development and later as
 President and Chief Executive Officer, Pharmaceutical & Biotechnology Markets.
 Prior to joining MDS, he was President and Chief Executive Officer of Phoenix
 International Life Sciences (TSE:PHX, NASDAQ:  PHXI) and Chairman and Chief
 Executive Officer of Drug Royalty Corporation (TSE:DRI). From 1978 to 1997,
 Mr. Lennox held progressively senior managerial positions at Monsanto Company
 (NYSE:  MTC), including six years as President and Chief Executive Officer,
 Monsanto Canada, based in Toronto.
     Mr. Lennox has also served as Director of a number of life sciences
 companies in North America.
     Labopharm also announced that Messrs. James MacDonald and Percy Skuy have
 retired from the Company's Board of Directors.
     "On behalf of the senior management team and the rest of the Board, I
 would like to thank Messrs. MacDonald and Skuy for their considerable
 contributions during a critical period in Labopharm's development," said
 Mr. Howard-Tripp. "Their expertise and guidance has been invaluable as
 Labopharm has evolved from an emerging drug development company to an
 international pharmaceutical organization on the verge of commercializing its
 first product."
     Mr. James S. Scibetta will replace Mr. MacDonald as a member of the Audit
 Committee and Mr. Robert Raich will replace Mr. Skuy as a member of the Human
 Resources and Corporate Governance Committee.
 
     About Labopharm Inc.
 
     Labopharm Inc. (TSX:DDS) is an international specialty pharmaceutical
 company focused on the development of drugs incorporating the Company's
 proprietary advanced controlled-release technology, Contramid(R). Contramid(R)
 can be applied to a wide variety of drugs in solid oral dosage form, improving
 their oral administration and performance, and is used to develop products
 that are either bio-equivalent to existing, branded products, or are new
 branded products. The Company's pipeline includes a combination of both
 in-house and partnered programs with products both in clinical trials and in
 preclinical development. Labopharm is also developing novel polymeric
 nano-delivery systems for delivery of water-insoluble and poorly bio-available
 drugs. For more information, please visit www.labopharm.com.
 
     This press release contains forward-looking statements, which reflect the
 Corporation'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 successful and timely completion of clinical studies,
 the uncertainties related to the regulatory process and the commercialization
 of the drug thereafter. Investors should consult the Corporation'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 Corporation
 disclaims any obligation to update these forward-looking statements.
 
 

SOURCE Labopharm Inc.

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