TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE, TSX: BVF) today announced that it has mailed to shareholders its Notice of Annual and Special Meeting of Shareholders and Management Proxy Circular for the Company’s meeting scheduled for 10:00 a.m. Eastern Time, on Thursday, May 28, 2009 in the Glenn Gould Studio of the CBC Canadian Broadcasting Centre, 250 Front Street West, Toronto, Ontario.