Bioalliance Pharma Announces Participation in the MidCap Event on September 21 and 22, 2009

SunOpta Inc. (SunOpta or the Company) (Nasdaq:STKL)(TSX:SOY) today announced results for the three and nine month periods ended September 30, 2006. All amounts are expressed in U.S. dollars. The Company achieved record revenues for the three months ended September 30, 2006, realizing its 36th consecutive quarter of increased revenue growth versus the same quarter in the previous year. Revenues in the quarter increased by 26.5% to $145,463,000 as compared to $114,950,000 in the third quarter of the prior year. The Company’s revenue growth of 26.5% represents consolidated internal growth of 15.8% and growth via acquisitions of 10.7%. During the quarter the Company’s vertically integrated food operations realized internal growth of 18.0%. For the nine months ended September 30, 2006 revenues have increased 42.9% to $434,520,000 as compared to $304,031,000 in the prior year. This increase reflects internal growth of 17.7% plus growth via acquisitions of 25.2%. Operating earnings1 for the quarter were $3,547,000 or 2.4% of revenues as compared to $3,862,000 or 3.4% of revenues in the previous year. This decline reflects the impact of lower year over year quarterly operating earnings within the Company’s sunflower operations of $2,425,000, including the impact of the previously announced gross margin losses of $2,100,000 for the write down of inventory and negative margins related to the previous year’s crop. Excluding the results of the sunflower business, operating earnings increased 54.6% versus the previous year. Net earnings in the quarter were $1,524,000 or $0.03 per diluted common share as compared to $2,088,000 or $0.04 per diluted common share in the prior year including the effects of the losses on sunflower. Operating earnings for the nine months ended September 30, 2006 have increased 43.0% to $18,350,000, including the impact of the losses on sunflower, as compared to $12,835,000 in the prior year. Net earnings in the nine months ended September 30, 2006 increased to $8,879,000 or $0.15 per diluted common share, as compared to $7,488,000 or $0.13 per diluted common share after excluding a net unusual gain of $4,512,000 realized in the first quarter of 2005 related primarily to the initial public offering of Opta Minerals Inc. On a year to date basis, the SunOpta Food Group reported increased revenues and operating earnings, as compared to 2005. In the third quarter revenues increased 21.6% while operating earnings decreased 17.5%. On a year to date basis revenues increased 39.4% and operating earnings increased 52.2%. The improved operating earnings for the nine months were driven by strong growth in aseptic packaged products, the rebound in sales of oat fiber and addition of soy fiber, growth in organic private label fruit and tomato based products, growth in private label packaged products, revenue and cost improvements in the Canadian distribution operations and the full year effect of acquisitions completed during 2005. The Sunflower business is expected to return to profitability in Q4 with the harvest of the new crop. The Company expects a $4 million operating earnings improvement in its sunflower business over the next 12 months. During the quarter the SunOpta Food Group acquired the business and assets of Purity Life Health Products, a profitable distributor with revenues of approximately $50 million, providing a wide range of natural and organic beauty aids and health care supplements, strategically expanding capabilities within the Canadian Food Distribution Group. Opta Minerals realized revenue growth of 98.2% in the third quarter and 84.7% for the first nine months of 2006, due primarily to the February acquisition of Magnesium Technologies Corporation and internal growth driven by abrasive operations that were commissioned during 2005. Operating earnings for the third quarter increased 113.1% and for the first nine months of the year increased 59.0%. Opta Minerals continues to pursue strategic transactions to complement its existing product portfolio and on October 4, 2006 the Group acquired Bimac Corporation (Bimac). Bimac provides consumable products to the steel industry to prevent heat loss, reduce oxidization, and remove impurities. There continues to be a high interest in the SunOpta BioProcess Group’s technology and equipment for the pre-treatment of biomass for the production of cellulosic ethanol. Results for the third quarter primarily reflect the supply of proprietary steam explosion equipment to China Resources Alcohol Corporation (CRAC) for use in production of cellulosic ethanol from corn stover. The Group is expected to complete its current contract with Abener Energia S.A. of Seville Spain by the end of the year and its contract with Celunol Inc. in early 2007. The Group is actively seeking additional supply contracts and partners to further leverage its technology and overall leadership position in cellulosic ethanol. SunOpta has reconfirmed its revenue guidance of $585 - $600 million for the 2006 year. Earnings guidance has been impacted by the write down within the Company’s sunflower business. Excluding losses realized within sunflower operations, the Company expects to realize its annual earnings guidance figures. The Company remains well positioned for future growth with net working capital of $88,501,000 and total assets of $368,655,000. Year to date net capital spending is $6,967,000 compared to $10,082,000 for the same period in the prior year. The long term debt to equity ratio at September 30, 2006 was 0.43:1:00, providing the Company further financial resources to invest in internal growth, capital projects and execute on its acquisition program. Equity per outstanding common share has grown to $3.06 versus $2.83 at December 31, 2005. Jeremy Kendall, Chairman and Chief Executive Officer of SunOpta commented, "We believe we have made the necessary adjustment in our sunflower business model by focusing on proven genetics, simplifying our product line and increasing the percentage of irrigated lands where our crop is grown. We are pleased with our internal growth of 17.7% for the year and expect internal growth to continue to be in the 15-20% range, including our recently announced contract to supply refrigerated organic soymilk to a major retailer. While revenue growth is important, the Company remains primarily focused on growing the bottom line faster than the top line and has a number of margin improvement and cost cutting initiatives in place to achieve this. About SunOpta Inc. SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. Forward-Looking Statements Certain statements included in this press release may constitute "forward-looking statements”within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to references to business strategies, competitive strengths, goals, capital expenditure plans, business and operational growth plans and references to the future growth of the business. These forward looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its interpretation of current conditions, historical trends and expected future developments as well as other factors that the Company believes are appropriate in the circumstance. However, whether actual results and developments will agree with expectations and predications of the Company is subject to many risks and uncertainties including, but not limited to; general economic, business or market risk conditions; competitive actions by other companies; changes in laws or regulations or policies of local governments, provinces and states as well as the governments of United States and Canada, many of which are beyond the control of the Company. Consequently all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized. 1 Operating earnings is defined as net earnings before other income (expense), interest expense (net), income taxes and minority interest SunOpta Inc. Condensed Consolidated Statements of Earnings For the nine months ended September 30, 2006 and 2005 Unaudited (Expressed in thousands of U.S. dollars, except per share amounts)   September 30, September 30, 2006  2005  %     $   $   Change       Revenues 434,520  304,031  42.9%   Cost of goods sold 360,854    251,592  43.4%   Gross profit 73,666  52,439  40.5%   Warehousing and distribution expenses 11,345  9,908  14.5% Selling, general and administrative expenses 44,203    30,214  46.3%   Earnings before the following 18,118  12,317  47.1%   Interest expense, net (4,893) (2,082) 135.0% Other (expense) income (294) 3,978  -107.4% Foreign exchange 232    518  -55.2%   (4,955)   2,414  -305.3%   Earnings before income taxes 13,163  14,731  -10.6%   Provision for income taxes 3,424    2,190  56.3%   Net earnings before minority interest 9,739    12,541  -22.3%   Minority interest 860    541  59.0%   Net earnings for the period 8,879    12,000  -26.0%   Net earnings per share for the period   – Basic 0.16    0.21    – Diluted 0.15    0.21  SunOpta Inc. Condensed Consolidated Statements of Earnings For the three months ended September 30, 2006 and 2005 Unaudited (Expressed in thousands of U.S. dollars, except per share amounts)   September 30, September 30, 2006  2005  %     $   $ Change       Revenues 145,463  114,950  26.5%   Cost of goods sold 122,771    96,653  27.0%   Gross profit 22,692  18,297  24.0%   Warehousing and distribution expenses 3,853  3,309  16.4% Selling, general and administrative expenses 15,135    11,564  30.9%   Earnings before the following 3,704  3,424  8.2%   Interest expense, net (1,746) (1,186) 47.2% Other (expense) income (15) 146  -110.3% Foreign exchange (157)   438  -135.8%   (1,918)   (602) 218.6%   Earnings before income taxes 1,786  2,822  -36.7%   (Recovery of) provision for income taxes (66)   601  -111.0%   Net earnings before minority interest 1,852    2,221  -16.6%   Minority interest 328    133  146.6%   Net earnings for the period 1,524    2,088  -27.0%   Net earnings per share for the period   – Basic 0.03    0.04    – Diluted 0.03    0.04  SunOpta Inc. Condensed Consolidated Balance Sheets As at September 30, 2006 and December 31, 2005 Unaudited (Expressed in thousands of U.S. dollars, except per share amounts)   September 30, December 31, 2006  2005      $   $   Assets   Current assets Cash and cash equivalents 4,057  5,455    Accounts receivable 73,532  57,608  Inventories 109,396  88,340  Prepaid expenses and other current assets 5,390  4,194  Current income taxes recoverable -  1,847  Deferred income taxes 691    691    193,066  158,135    Property, plant and equipment 82,942  77,257  Goodwill and intangibles 84,128  58,262  Deferred income taxes 5,375  5,854  Other assets 3,144    3,355    368,655    302,863  Liabilities   Current liabilities Bank indebtedness 39,938  20,799  Accounts payable and accrued liabilities 56,011  50,688  Customer and other deposits 348  544  Current portion of long-term debt 7,835  3,518  Current portion of long-term payables 433    723    104,565  76,272    Long-term debt 67,593  55,538  Long-term payables 1,150  472  Deferred income taxes 9,427    1,381    182,735    133,663    Minority interest 10,013    9,116    Shareholders’ Equity   Capital stock 111,511  106,678  Contributed surplus 3,591  3,235  Retained earnings 49,258  40,379  Cumulative other comprehensive income 11,547    9,792    175,907    160,084    368,655    302,863  SunOpta Inc. Segmented Information For the three and nine months ended September 30, 2006 Unaudited (Expressed in thousands of U.S. dollars, except per share amounts)             Three months ended September 30, 2006 SunOpta Food Group $   Opta Minerals Inc. $   SunOpta BioProcess and Corporate $   Consolidated $   Total revenues to external customers 127,003    16,887    1,573    145,463    Operating Income1 2,625    2,020    (1,098)   3,547  The SunOpta Food Group has the following segmented reporting: Three months ended September 30, 2006 SunOptaGrains &Foods$   SunOpta Ingredients $    SunOpta Fruit$        SunOptaCanadianFoodDistribution $   SunOpta Food Group $   Total revenues from external customers 45,740    15,268    36,733    29,262    127,003    Operating Income1 (616)   382    2,392    467    2,625        Nine months ended September 30, 2006 SunOpta Food Group $   Opta MineralsInc. $   SunOpta BioProcess and Corporate $   Consolidated $   Total revenues to external customers 383,561    48,192    2,767    434,520    Operating Income1 17,622    5,414    (4,686)   18,350  The SunOpta Food Group has the following segmented reporting: Nine months ended September 30, 2006 SunOpta Grains & Foods $   SunOpta Ingredients$ SunOpta   Fruit $ SunOpta CanadianFood Distribution $   SunOpta Food Group $   Total revenues from external customers 134,756    50,519  107,320  90,966    383,561    Operating Income1 3,450    3,862  6,762  3,548    17,622  SunOpta Inc. Segmented Information For the three and nine months ended September 30, 2005 Unaudited (Expressed in thousands of U.S. dollars, except per share amounts)         Three months ended September 30, 2005 SunOpta Food Group $   Opta Minerals Inc. $   SunOpta BioProcess and Corporate$   Consolidated $   Total revenues to external customers 104,484    8,520    1,946    114,950    Operating Income1 3,180    948    (266)   3,862  The SunOpta Food Group has the following segmented reporting: Three months ended September 30, 2005 SunOpta Grains & Foods $   SunOpta Ingredients $   SunOpta Fruit $ SunOpta CanadianFood Distribution $   SunOpta Food Group $   Total revenues from external customers 38,105    15,841    28,217  22,321    104,484    Operating Income1 1,399    929    1,068  (216)   3,180            Nine months ended September 30, 2005 SunOpta Food Group $   Opta Minerals Inc. $   SunOpta BioProcess andCorporate $   Consolidated $   Total revenues to external customers 275,245    26,097    2,689    304,031    Operating Income1 11,577    3,406    (2,148)   12,835  The SunOpta Food Group has the following segmented reporting: Nine months ended September 30, 2005 SunOpta Grains & Foods $   SunOpta Ingredients$   SunOpta Fruit $   SunOptaCanadianFoodDistribution $   SunOpta Food Group $   Total revenues from external customers 108,243    47,641    44,837    74,524    275,245    Operating Income1 5,905    2,653    1,933    1,086    11,577  1 (Operating Income is defined as earnings (loss) before other income (expense), interest expense (net), income taxes and minority interest)