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    <link:label id="lab_ifrs-full_Assets_68fa4bc6-15dd-424e-96ff-cbf9aa6d3ec4_totalLabel_fr" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Actifs</link:label>
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    <link:label id="lab_ipsen_VariationDeJusteValeurDesInstrumentsDeCouvertureNetteDimpots_label_fr" xlink:label="lab_ipsen_VariationDeJusteValeurDesInstrumentsDeCouvertureNetteDimpots" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation de juste-valeur des instruments de couverture nette d'impots</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_VariationDeJusteValeurDesInstrumentsDeCouvertureNetteDimpots" xlink:to="lab_ipsen_VariationDeJusteValeurDesInstrumentsDeCouvertureNetteDimpots" xlink:type="arc" order="1"/>
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    <link:label id="lab_ipsen_ImputationDeLaPerteSurLePostePrimesDapports_documentation_fr" xlink:label="lab_ipsen_ImputationDeLaPerteSurLePostePrimesDapports" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Imputation De La Perte Sur Le Poste Primes Dapports</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_ImputationDeLaPerteSurLePostePrimesDapports" xlink:href="ipsen-2021-12-31.xsd#ipsen_ImputationDeLaPerteSurLePostePrimesDapports"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_ImputationDeLaPerteSurLePostePrimesDapports" xlink:to="lab_ipsen_ImputationDeLaPerteSurLePostePrimesDapports" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_f5e2b2ff-8142-4933-899d-f3b078520469_totalLabel_fr" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Passifs non courants</link:label>
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    <link:label id="lab_ipsen_AmortissementsEtProvisions_documentation_fr" xlink:label="lab_ipsen_AmortissementsEtProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Amortissements et provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_AmortissementsEtProvisions" xlink:href="ipsen-2021-12-31.xsd#ipsen_AmortissementsEtProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_AmortissementsEtProvisions" xlink:to="lab_ipsen_AmortissementsEtProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement_label_fr" xlink:label="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Du Besoin En Fonds De Roulement Lie Aux Operations Dinvestissement</link:label>
    <link:label id="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement_documentation_fr" xlink:label="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Du Besoin En Fonds De Roulement Lie Aux Operations Dinvestissement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement" xlink:href="ipsen-2021-12-31.xsd#ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDinvestissement"/>
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    <link:label id="lab_ipsen_AugmentationReductionDeCapital_c7e0063c-f6e5-4f35-a824-31e206fed3d6_terseLabel_fr" xlink:label="lab_ipsen_AugmentationReductionDeCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Augmentation / réduction de capital</link:label>
    <link:label id="lab_ipsen_AugmentationReductionDeCapital_label_fr" xlink:label="lab_ipsen_AugmentationReductionDeCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Augmentation (Reduction) De Capital</link:label>
    <link:label id="lab_ipsen_AugmentationReductionDeCapital_documentation_fr" xlink:label="lab_ipsen_AugmentationReductionDeCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Augmentation (Reduction) De Capital</link:label>
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    <link:label id="lab_ipsen_TitresDautocontrole_label_fr" xlink:label="lab_ipsen_TitresDautocontrole" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Titres Dautocontrole</link:label>
    <link:label id="lab_ipsen_TitresDautocontrole_documentation_fr" xlink:label="lab_ipsen_TitresDautocontrole" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Titres Dautocontrole</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_TitresDautocontrole" xlink:href="ipsen-2021-12-31.xsd#ipsen_TitresDautocontrole"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_TitresDautocontrole" xlink:to="lab_ipsen_TitresDautocontrole" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence_label_fr" xlink:label="lab_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Resultat Net Avant Quote-part Des Entreprises Mises En Equivalence</link:label>
    <link:label id="lab_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence_documentation_fr" xlink:label="lab_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Resultat Net Avant Quote-part Des Entreprises Mises En Equivalence</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence" xlink:href="ipsen-2021-12-31.xsd#ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence" xlink:to="lab_ipsen_ResultatNetAvantQuotePartDesEntreprisesMisesEnEquivalence" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilities_5001559a-45e8-40f9-879a-368fbc9e2652_totalLabel_fr" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Passifs courants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssets_33676733-e9b4-4c5a-be59-997f5f0d7033_totalLabel_fr" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Actifs non courants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="lab_ifrs-full_NoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_89932341-6ae0-41bd-9fe3-94e902b6c325_negatedLabel_fr" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Adjustments for undistributed profits of investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_ResultatNetDeLexercice_label_fr" xlink:label="lab_ipsen_ResultatNetDeLexercice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Resultat net de l'exercice</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_ResultatNetDeLexercice" xlink:href="ipsen-2021-12-31.xsd#ipsen_ResultatNetDeLexercice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_ResultatNetDeLexercice" xlink:to="lab_ipsen_ResultatNetDeLexercice" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_2b4f634d-901f-461c-bdf9-f13950da8e7b_totalLabel_fr" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Autres éléments du résultat global qui seront reclassés en résultat net, nets d’impôt</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_PrimesEtReservesConsolidees_label_fr" xlink:label="lab_ipsen_PrimesEtReservesConsolidees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Primes Et Reserves Consolidees</link:label>
    <link:label id="lab_ipsen_PrimesEtReservesConsolidees_documentation_fr" xlink:label="lab_ipsen_PrimesEtReservesConsolidees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Primes Et Reserves Consolidees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_PrimesEtReservesConsolidees" xlink:href="ipsen-2021-12-31.xsd#ipsen_PrimesEtReservesConsolidees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_PrimesEtReservesConsolidees" xlink:to="lab_ipsen_PrimesEtReservesConsolidees" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_ReservesConsolidesMember_label_fr" xlink:label="lab_ipsen_ReservesConsolidesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">ReservesConsolidées [Member]</link:label>
    <link:label id="lab_ipsen_ReservesConsolidesMember_documentation_fr" xlink:label="lab_ipsen_ReservesConsolidesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">ReservesConsolideesMember</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_ReservesConsolidesMember" xlink:to="lab_ipsen_ReservesConsolidesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_aae0e16c-83e3-418a-a7fe-887c8f970c0d_totalLabel_fr" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Capitaux propres attribuables aux propriétaires de la société mère</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_510fb02c-8917-4a00-9098-df781ae87693_periodStartLabel_fr" xlink:label="lab_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Trésorerie et équivalents de trésorerie si différents de l’état de la situation financière</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1644831a-80e4-42da-9781-1a5ca1b51e36_periodEndLabel_fr" xlink:label="lab_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Trésorerie et équivalents de trésorerie si différents de l’état de la situation financière</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"/>
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    <link:label id="lab_ifrs-full_ComprehensiveIncome_237b7922-8e62-4c3b-8170-dacce945739b_totalLabel_fr" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Résultat global</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_f49b657b-a9da-49b2-baec-1567acff4c96_totalLabel_fr" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Autres éléments du résultat global qui ne seront pas reclassés en résultat net, nets d’impôt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_ReclassementDeProduitsPercus_label_fr" xlink:label="lab_ipsen_ReclassementDeProduitsPercus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Reclassement de produits percus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_ReclassementDeProduitsPercus" xlink:href="ipsen-2021-12-31.xsd#ipsen_ReclassementDeProduitsPercus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_ReclassementDeProduitsPercus" xlink:to="lab_ipsen_ReclassementDeProduitsPercus" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_ResultatDeLexerciceMember_label_fr" xlink:label="lab_ipsen_ResultatDeLexerciceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Resultat De Lexercice [Member]</link:label>
    <link:label id="lab_ipsen_ResultatDeLexerciceMember_documentation_fr" xlink:label="lab_ipsen_ResultatDeLexerciceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Resultat De Lexercice</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_ResultatDeLexerciceMember" xlink:href="ipsen-2021-12-31.xsd#ipsen_ResultatDeLexerciceMember"/>
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    <link:label id="lab_ipsen_VersementsAuxActifsDeRgime_ae30b762-6d04-497b-8ef0-c400c4014ff2_negatedLabel_fr" xlink:label="lab_ipsen_VersementsAuxActifsDeRgime" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Versements aux actifs de régime</link:label>
    <link:label id="lab_ipsen_VersementsAuxActifsDeRgime_label_fr" xlink:label="lab_ipsen_VersementsAuxActifsDeRgime" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Versements aux actifs de régime</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ipsen_VersementsAuxActifsDeRgime" xlink:to="lab_ipsen_VersementsAuxActifsDeRgime" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_af909924-af02-4598-ac9f-dd89c1c1091d_totalLabel_fr" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Flux de trésorerie résultant (utilisés dans le cadre) d’activités d’investissement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssets_978b6457-ac2b-4227-b931-d9ba93fb0008_totalLabel_fr" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Actifs courants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_4dc7eba9-c69b-4160-a479-0cceabb3666b_totalLabel_fr" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Augmentation (diminution) de la trésorerie et des équivalents de trésorerie</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement_label_fr" xlink:label="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Du Besoin En Fonds De Roulement Lie Aux Operations De Financement</link:label>
    <link:label id="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement_documentation_fr" xlink:label="lab_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Du Besoin En Fonds De Roulement Lie Aux Operations De Financement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement" xlink:href="ipsen-2021-12-31.xsd#ipsen_VariationDuBesoinEnFondsDeRoulementLieAuxOperationsDeFinancement"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_9607ffa6-055a-428b-aa67-f1bde192df90_totalLabel_fr" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Autres éléments du résultat global</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ipsen_VariationNetteDesAutresActifsEtPassifsLiesALactivite_label_fr" xlink:label="lab_ipsen_VariationNetteDesAutresActifsEtPassifsLiesALactivite" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Nette Des Autres Actifs Et Passifs Lies A Lactivite</link:label>
    <link:label id="lab_ipsen_VariationNetteDesAutresActifsEtPassifsLiesALactivite_documentation_fr" xlink:label="lab_ipsen_VariationNetteDesAutresActifsEtPassifsLiesALactivite" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Variation Nette Des Autres Actifs Et Passifs Lies A Lactivite</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_f80f7b35-d460-4de7-8d06-8fc1b5e5fc67_totalLabel_fr" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Flux de trésorerie résultant (utilisés dans le cadre) d’activités de financement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_10900aaa-1542-4b86-a2e6-76e2f6239933_totalLabel_fr" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Trésorerie et équivalents de trésorerie</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_c44a89fa-7aa2-42cd-97bd-266aecef2e62_totalLabel_fr" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Flux de trésorerie résultant (utilisés dans le cadre) des activités opérationnelles</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_b401552e-74bb-4022-9efb-5ffd23bc9f30_totalLabel_fr" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Augmentation (diminution) du fonds de roulement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_700eab12-c3c2-429a-bde8-84c799a65bab_totalLabel_fr" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Flux de trésorerie résultant (utilisés dans le cadre) des activités avant variations du fonds de roulement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_7cad5daf-8cbc-4e6b-b17c-72890cae6b30_totalLabel_fr" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="fr">Capitaux propres et passifs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
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