BIOVAIL REPORTS FIRST-QUARTER 2006 FINANCIAL RESULTS

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Biovail Corporation today announced financial results for the three-month period ending March 31, 2006. To the extent that this news release contains forward-looking statements, investors are cautioned that these are based on our current views, and actual outcomes are not certain. For more information, see the note on forward-looking information following the conference call details below.

Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1377618)