IMPAX to Present at Lehman Brothers Global Healthcare Conference

February 28, 2003

Feb. 28, 2003--IMPAX Laboratories, Inc. (NASDAQ:IPXL) today announced that management will present at the Lehman Brothers Sixth Annual Global Healthcare Conference on Wednesday, March 5, 2003, at 2:00 p.m. Eastern Time.

The conference will be held from March 3-5, 2003, in Miami Beach, Florida. Hosted and moderated by the Lehman Brothers Global Healthcare Research Team, the conference will offer participants a complete view of the healthcare landscape by bringing together leaders of companies representing the managed care, biotechnology, pharmaceutical, specialty pharmaceutical, medical device and other sectors.

Individuals may listen to both the live and archived webcast for 14 days at the following address: http://customer.ibeam.com/LEHM002/030303a_byRFD/default.asp?entity=impax. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.) In addition, a link to the presentation will be posted on the investor relations portion of the company's website at www.impaxlabs.com.

IMPAX Laboratories, Inc. is a technology based specialty pharmaceutical company applying its formulation expertise and drug delivery technology to the development of controlled-release and specialty generics in addition to the development of branded products. IMPAX markets its generic products through its Global Pharmaceuticals division and intends to market its branded products through the IMPAX Pharmaceuticals division. Additionally, where strategically appropriate, IMPAX has developed marketing partnerships to fully leverage its technology platform. IMPAX Laboratories is headquartered in Hayward, California, and has a full range of capabilities in its Hayward and Philadelphia facilities. For more information, please visit the Company's website at: www.impaxlabs.com.