DRAXIS Responds to Trading

    MONTREAL, March 17 /CNW/ - DRAXIS Health Inc. (the "Company") (TSX: DAX)
(NASDAQ:   DRAX), in response to a request by securities regulators with respect
to increased trading in its common stock, announced today that it is currently
in exclusive discussions regarding a potential transaction that could lead to
a sale of the Company. There can be no certainty at this stage that these
discussions will continue or result in any agreement or transaction or result
in pricing that will be acceptable either to the board of directors of the
Company or to shareholders.

    About DRAXIS Health Inc.:

    DRAXIS Health, through its wholly owned operating subsidiary, DRAXIS
Specialty Pharmaceuticals Inc., provides products in three categories: sterile
products, non-sterile products and radiopharmaceuticals. Sterile products
include liquid and freeze-dried (lyophilized) injectables plus sterile
ointments and creams. Non-sterile products are produced as solid oral and
semi-solid dosage forms. Radiopharmaceuticals are used for both therapeutic
and diagnostic molecular imaging applications. Pharmaceutical contract
manufacturing services are provided through the DRAXIS Pharma division and
radiopharmaceuticals are developed, produced, and sold through the DRAXIMAGE
division. DRAXIS employs approximately 500 staff in its Montreal facility.
    For additional information please visit www.draxis.com

    Caution Concerning Forward-Looking Statements

    This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended (the "Securities
Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") and as contemplated under other applicable securities
legislation. These statements can be identified by the use of forward-looking
terminology such as "may," "will," "expect," "anticipate," "estimate,"
"continue," "plan," "intend," "believe" or other similar words. These
statements discuss future expectations concerning results of operations or
financial condition or provide other forward-looking information. Our actual
results, performance or achievements could be significantly different from the
results expressed in, or implied by, those forward-looking statements. You
should not place undue reliance on any forward-looking statement, which speaks
only as of the date made.
    These statements are not guarantees of future performance. By their
nature, forward-looking statements involve numerous assumptions, known and
unknown risks, uncertainties and other factors that may cause the actual
results or performance of the Company to be materially different from such
statements or from any future results or performance implied thereby. Factors
that could cause the Company's results or performance to differ materially
from a conclusion, forecast or projection in the forward-looking statements
include, but are not limited to:

    -  those related to discussions involving a potential transaction that
       could lead to a sale of the Company;

    -  the achievement of desired clinical trial results related to the
       Company's pipeline products;

    -  timely regulatory approval of the Company's products;

    -  the ability to comply with regulatory requirements applicable to the
       manufacture and marketing of the Company's products;

    -  the Company's ability to obtain and enforce effective patents;

    -  the non-infringement of third party patents or proprietary rights by
       the Company and its products;

    -  factors beyond our control that could cause interruptions in our
       operations in our single manufacturing facility (including, without
       limitation, material equipment breakdowns);

    -  reimbursement policies related to health care;

    -  the establishment and maintenance of strategic collaborative and
       commercial relationships;

    -  the Company's dependence on a small number of key customers;

    -  the disclosure of confidential information by our collaborators,
       employees or consultants;

    -  the preservation of healthy working relationships with the Company's
       union and employees;

    -  the Company's ability to grow the business;

    -  the fluctuation of our financial results and exchange and interest
       rate fluctuations;

    -  the adaptation to changing technologies;

    -  the loss of key personnel;

    -  the avoidance of product liability claims;

    -  the loss incurred if current lawsuits against us succeed;

    -  the volatility of the price of our common shares;

    -  market acceptance of the Company's products;

    -  factors described under "Outlook" in the Company's MD&A for the most
       recent quarter; and

    -  the risks described in "Item 3. Key Information - Risk Factors" in the
       Annual Report Form 20-F filed by the Company with the United States
       Securities and Exchange Commission and which is also filed as the
       Company's Annual Information Form with Canadian securities regulators.

    For additional information with respect to certain of these and other
factors, and relating to the Company generally, reference is made to the
Company's most recent filings with the United States Securities and Exchange
Commission (available on EDGAR at www.sec.gov) and the filings made by the
Company with Canadian securities regulators (available on SEDAR at
www.sedar.com). The forward-looking statements contained in this document
represent the Company's expectations as at March 14, 2008. Unless otherwise
required by applicable securities laws, the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

    %SEDAR: 00004049E

For further information:

For further information: DRAXIS Health Inc., Jerry Ormiston, Executive
Director, Investor Relations, Phone: 1-877-441-1984

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