Biovail Corporation Announces That a Second Proxy Advisory Firm Recommends Shareholders Vote for Biovail’s Director Nominees

TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE: BVF) (TSX: BVF) today announced that PROXY Governance, Inc., a leading independent proxy advisory firm, recommends that Biovail shareholders vote FOR the Company’s slate of director nominees at the upcoming Annual Meeting of Shareholders on June 25, 2008.