Biovail Acquires Prestwick Pharmaceuticals.

Business Wire (September 17, 2008)


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Headnotes:

Extract:

Biovail Acquires Prestwick Pharmaceuticals.

Represents Ongoing Implementation of Company's New Strategic Focus

Provides Company's First Commercial Product in Specialty CNS Markets

TORONTO -- Biovail Corporation (NYSE:BVF) (TSX:BVF) today announced it has acquired Prestwick Pharmaceuticals, Inc., a privately held, U.S.-based pharmaceutical company that holds the Canadian and U.S. licensing rights to Xenazine[R] (tetrabenazine tablets). Xenazine[R] was recently approved by the United States Food and Drug Administration (FDA) for the treatmen...



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