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Biovail Pharmaceuticals, Inc. Cuts Dividend 76 Percent as Profit Shrinks


5/6/2009 7:13:40 AM

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TORONTO, May 6 (Reuters) - Biovail Corp, Canada's biggest publicly traded drugmaker, slashed its dividend 76 percent as it seeks to build up an acquisition war chest, and posted a weaker quarterly profit on Wednesday.


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