Biovail :: Canada’s Biovail stock rises after company raises dividend

Biovail Corporation (NYSE:BVF) (TSX:BVF) today announced the adoption of a new dividend policy, the declaration of a special dividend and the Company’s intention to retire all outstanding long-term debt in April 2007.

In addition, Biovail provided 2007 revenue, earnings per share (EPS) and cash flow from operations guidance. This news release contains forward-looking statements that are based on the Company’s current views; however, actual results may differ materially from those expressed in such forward-looking statements.

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