Biovail Corporation Declares Quarterly Dividend

TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE:BVF)(TSX:BVF) today announced that the Company’s Board of Directors has declared a quarterly cash dividend of US$0.375 per share payable on January 5, 2009, to shareholders of record at the close of business December 23, 2008. The ex-dividend date is December 19, 2008.

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