TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE:BVF)(TSX:BVF) today acknowledged that its Chairman, Eugene Melnyk, has today filed with the Ontario Securities Commission (OSC) a report that discloses historical trading in Biovail common shares and call options to acquire Biovail common shares by certain trusts that were settled by Mr. Melnyk. The report was filed with the OSC by Mr. Melnyk in accordance with a Settlement Agreement between Mr. Melnyk and Staff of the OSC, which was approved by the OSC on May 18, 2007.
