TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE: BVF) (TSX: BVF) today said it will rely on shareholders’ ability to consider the facts and will not participate in the latest desperate publicity stunt from Eugene Melnyk in his attempt to gain control of the Company’s Board of Directors. The staged “debate,” as proposed by Mr. Melnyk, involving management, current and imagined, who would report to that Board, is not appropriate or helpful. Biovail believes the question of the future direction of the Company is a serious matter for all 56,000 shareholders and should be decided on the facts, not by three-minute “sound bites.”
