October 25, 2000

Canaccord Capital Corporation initiates coverage of Neurochem

Neurochem Inc. (TSX : NRM) today announced that Canaccord Capital Corporation analyst, Mr. Wayne Schnarr, has initiated coverage of the Company. "Canaccord in now the second firm to initiate coverage on Neurochem this fall," said Dr. Louis R. Lamontagne, President and CEO. "Interest by the financial community in Neurochem since our listing on the TSX is extremely encouraging," he added.

Neurochem is an industry leader in the development of a novel, proprietary series of compounds that inhibit the formation, deposit and toxic effects of amyloid fibrils on cells within the body. Neurochem's research team has been working with international amyloid experts on the development of therapeutic cures to amyloid-related diseases, including Alzheimer's disease, Secondary Amyloidosis , Diabetes Type II and Hemorrhagic Stroke (due to Cerebral Amyloid Angiopathy). Neurochem has advanced three drug candidates to clinical trials: Alzhemed™, for the treatment of Alzheimer's disease, Fibrillex™, for Secondary Amyloidosis, and Cerebril™, for Hemorrhagic Stroke. At present, the Company employs over 50 people and is located in Saint-Laurent, Canada (www.neurochem.com).

For further Information, please contact:
Dr. Lise Hébert
Vice President, Corporate Communications
lhebert@neurochem.com

275 Armand-Frappier
Laval (Quebec)
H7V 4A7
Tel: (450) 680-4500
Fax: (450) 680-4501

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