TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE:BVF) (TSX:BVF) today announced that based on a preliminary vote count at today’s Annual and Special Meeting, shareholders have voted overwhelmingly in favour of all Biovail nominees to the Board of Directors and in favour of all other matters proposed in Biovail’s Notice of Meeting, including to reduce the quorum requirement for a meeting of shareholders from 51% to 25%. Of the 110.6 million votes cast, which represents approximately 70% of the total shares outstanding, over 98% were voted in favour of each of Biovail’s Director nominees.
