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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a - 16 AND 15d - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
JANUARY 11, 2000 COMMISSION FILE NUMBER 001-11145
BIOVAIL CORPORATION INTERNATIONAL
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
2488 DUNWIN DRIVE, MISSISSAUGA, ONTARIO L5L 1J9, CANADA
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (416) 285-6000
INDICATE BY CHECK MARK WHETHER THE REGISTRANT FILES OR WILL
FILE ANNUAL REPORTS UNDER COVER OF FORM 20-F OR FORM 40-F
FORM 20-F X FORM 40-F
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INDICATE BY CHECK MARK WHETHER FOR REGISTRANT BY FURNISHING THE INFORMATION
CONTAINED IN THIS FORM IS ALSO THEREBY FURNISHING THE INFORMATION TO THE
COMMISSION PURSUANT TO RULE 12g 3-2 (b) UNDER THE SECURITIES EXCHANGE ACT OF
1934.
YES NO X
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BIOVAIL CORPORATION INTERNATIONAL
QUARTERLY REPORT
INDEX
PART 1. FINANCIAL INFORMATION
PART II. OTHER INFORMATION.......................................... 1
(ALL DOLLAR AMOUNTS IN THIS DOCUMENT ARE EXPRESSED IN U.S. DOLLARS UNLESS
OTHERWISE STATED.)
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BIOVAIL CORPORATION INTERNATIONAL
PART II - OTHER INFORMATION
1. REPORTING ISSUED TO CANADIAN SECURITY ADMINISTRATORS AND STOCK EXCHANGES
a) FORM 27 - MATERIAL CHANGE REPORT DATED JANUARY 7, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Biovail Corporation International
January 11, 2000 By /s/John R. Miszuk
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John R. Miszuk
Vice President, Controller
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MATERIAL CHANGE REPORT
SECTION 75(2) OF THE SECURITIES ACT (ONTARIO)
SECTION 118(2) OF THE SECURITIES ACT (ALBERTA)
SECTION 67 OF THE SECURITIES ACT (BRITISH COLUMBIA)
SECTION 81(2) OF THE SECURITIES ACT (NOVA SCOTIA)
SECTION 73 OF THE SECURITIES ACT (QUEBEC)
SECTION 84(1) OF THE SECURITIES ACT (SASKATCHEWAN)
SECTION 76(2) OF THE SECURITIES ACT (NEWFOUNDLAND)
1. Reporting Issuer
Biovail Corporation International
2488 Dunwin Drive
Mississauga, Ontario
L5L 1J9
2. Date of Material Change
December 31, 1999
3. Press Release
The press release prescribed by section 75(1) of the Securities Act
(Ontario) was filed through SEDAR on January 6, 2000
4. Summary of Material Changes
Biovail Corporation International ("Biovail") announced that articles of
amendment were filed on December 31, 1999 to effect a subdivision of the
common shares of Biovail on the basis of two common shares for every one
common share held and an increase in the authorized capital of Biovail from
120,000 common shares to an unlimited number of common shares. An amendment
was also made to Biovail's current by-law to change the quorum requirements
for shareholders meetings from two shareholders holding 51% of the
outstanding shares to two shareholders holding 25% of the outstanding
shares.
Full Description of Material Change
On December 30, 1999, Biovail held a special meeting of shareholders at
which time the shareholders approved, among other things, the following
resolutions:
1. a subdivision of the outstanding common shares on the basis of two
common shares for each one common share held;
2. an increase in the authorized capital of Biovail from 120,000,000
common shares to an unlimited number of common shares; and
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3. an amendment to the current by-law of Biovail to change the quorum
requirements for meetings of shareholders from two shareholders
holding or representing at least 51% of the outstanding shares to the
presence of two shareholders holding or representing at least 25% of
the outstanding shares of Biovail.
5. Reliance on Section 75(3) of the Act
Not applicable.
6. Omitted Information
Not applicable.
7. Senior Officers
The senior officer of Biovail who is knowledgeable about this material
change is:
John Miszuk
Vice-President and Controller
(416) 285-6000
8. Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
Dated this 7th day of January, 2000.
"John Miszuk"
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John Miszuk
Vice-President and Controller
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