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Axcan Pharma Inc.

10:23 AM EST - Axcan Pharma Inc. : says its first-quarter profit rose to US$22.3 million from a year-earlier $17.5 million as the drugmaker's revenue increased 17.9 percent. Earnings for the quarter ended Dec. 31 amounted to 39 cents a diluted share, compared with 34 cents per share a year earlier. Revenue rose to US$92.9 million from $78.8 million. Axcan Pharma Inc. shares T.AXP are trading up 29 cents at $22.83.