UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2000
-------------------
001-11145
(Commission File No.)
BIOVAIL CORPORATION
(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 Form 20-F or Form 40-F.
Form 20-F_X_ Form 40-F ___
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No _X_
<PAGE>
BIOVAIL CORPORATION
THIS REPORT OF FOREIGN ISSUER ON FORM 6-K IS INCORPORATED BY REFERENCE INTO THE
REGISTRATION STATEMENT ON FORM S-8 OF BIOVAIL CORPORATION (REGISTRATION NO.
333-92229).
<PAGE>
Exhibit 99(a)
2488 Dunwin Drive, Mississauga, Ontario, L5L 1J9, (416) 285-6000
CONTACT: Bob Podruzny
President
Kenneth Howling
Vice President Finance
(416) 285-6000
FOR IMMEDIATE RELEASE
*BIOVAIL ANNOUNCES SENIOR EXECUTIVE APPOINTMENTS*
TORONTO, CANADA, May 30, 2000--Biovail Corporation announced today the
appointment of two senior members of management. Brian H. Crombie has been
appointed as Senior Vice President and Chief Financial Officer of Biovail and
Michel P. Chouinard has been appointed Vice President and General Manager of the
Company's Crystaal Division in Canada.
Mr. Crombie was most recently Managing Director, Corporate Finance of The Jim
Pattison Group, one of Canada's largest private conglomerates with over $5
billion in revenues and 50 diverse operating companies. Prior to his involvement
in The Jim Pattison Group, Mr. Crombie held a number of senior executive
positions with The Molson Companies, the most recent being Senior Vice President
Corporate Finance. As well, Mr. Crombie gained strategic financial experience
previously at The Walt Disney Company and at Morgan Stanley & Company.
Mr. Chouinard was most recently Vice President, Commercial Operations, Vaccines
at Biochem Pharma Inc., one of Canada's leading pharmaceutical companies. In
addition, Mr. Chouinard gained valuable commercial leadership experience through
progressively senior positions held with Abbott Laboratories (Canada) Inc.,
Glaxo (Canada) and the Lederle Pharmaceutical Division of American Cyanamid
Corporation.
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Mr. Eugene Melnyk, Chairman of the Board, commented "these senior appointments
are reflective of Biovail's dramatic growth, both in terms of size and
complexity. The executive changes we have made will allow us to more
aggressively take advantage of the next phase of our growth through the
expansion of our executive resource base and the specialized experience brought
to the Company by our new management members."
Mr. Kenneth Howling will continue in the role of Vice President Finance. Mr. Rob
Harris, previous Vice President and General Manager of Crystaal has been
appointed Vice President Business Development where he will be responsible for
the acquisition of new product and technology opportunities for Biovail.
Biovail Corporation International is an international full-service
pharmaceutical company, engaged in the formulation, clinical testing,
registration and manufacture of drug products utilizing advanced drug delivery
technologies.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995.
To the extent any statements made in this release contain information that is
not historical, these statements are essentially forward looking and are subject
to risks and uncertainties, including the difficulty of predicting FDA
approvals, acceptance and demand for new pharmaceutical products, the impact of
competitive products and pricing, new product development and launch, reliance
on key strategic alliances, availability of raw materials, the regulatory
environment, fluctuations in operating results and other risks detailed from
time to time in the company's filings with the Securities and Exchange
Commission.
<PAGE>
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
By /s/ John R. Miszuk
------------------------------------
Name: John R. Miszuk
Title: Vice President, Controller
DATE: June 6, 2000
