Biovail Corporation Waives Deadline for Submitting Proxies

TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE:BVF) (TSX:BVF) today announced that the Board of Directors of Biovail has waived the deadline for depositing proxies with CIBC Mellon Trust Company for the annual and special meeting of shareholders to be held on May 28, 2009. Shareholders can deposit their proxies up to 10:00 a.m. (Toronto time) on May 28, 2009.