Abstract. The effects of hypoxia and PFOSA, given singly and also in combination on endocrine, biotransformation and oxidative stress responses were investigated in primary culture of salmon hepatocytes. Hypoxia was induced chemically using cobalt chloride (CoCl 2 ) or deferroxamine (DFO). Primary culture of salmon hepatocytes were exposed to either CoCl 2 (150 µM) or DFO (100 µM), in the presence or absence of PFOSA at 0, 25 and 50 µM for 24 and 48 h. Changes in transcript levels were analysed by quantitative (real-time) PCR using gene-specific primers. CYP, catalase, GST and SOD activities were analyzed spectrophotometrically. The hif-1α mRNA was used to validate cellular hypoxic condition, showing significantly induced transcription after 48 h exposure to DFO and CoCl 2 . Our data show that transcript levels for endocrine (ERα, Vtg and Zrp), biotransformation (cyp1a, cyp3a, gst and udpgt) and oxidative stress responses (catalase (cat), glutathione peroxidase (gpx) and glutathione reductase (gr)) were differentially modulated by PFOSA and hypoxia alone, and these effects were dependent on the response parameters and time of exposure. In combined exposure scenarios, the observed effects were apparently hypoxiadependent. However, the observed effects at transcript levels were not concomitant with those at functional protein levels, further emphasizing the potential differences that may exist between these biological levels. Biplot of principal component analysis (PCA) showed grouping of response variables after 48 h of exposure. The distribution of observations and variables indicate that PFOSA had little effect on most response variables, while clustering show a unique association between a given hypoxia condition (i.e. CoCl 2 or DFO) in combination with PFOSA and transcripts, proteins or enzyme activities.