Biovail Corp. Q1 2010 Earnings Call Transcript

Biovail Corp. (BVF)

Q1 2010 Earnings Call

May 6, 2010 08:30 am ET

Executives

Nelson Isabel - VP of IR & Corporate Communications

Bill Wells - CEO

Gilbert Godin - COO

Peggy Mulligan - CFO

Analysts

Marc Goodman - UBS

Chris Schott - JPMorgan

David Amsellem - Piper Jaffray

Greg Gilbert - Bank of America

Tim Chiang - CRT Capital

David Steinberg - Deutsche Bank

Randall Stanicky - Goldman Sachs

Annabel Samimy - Thomas Weisel Partners

Hari Sambasivam - National Bank Financial

Bert Hazlett - BMO Capital Markets

Doug Miehm - RBC Capital Markets

Presentation

Operator

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Good morning ladies and gentlemen and welcome to the First Quarter 2010 Earnings Conference Call for Biovail Corporation. At this time all participants are in a listen-only mode. This conference call is being webcast on the worldwide web at www.biovail.com. (Operator’s Instructions). As a reminder, a replay of the conference call will be available until 7:00 PM Eastern Daylight Time on Thursday, May 13, 2010 by dialing 416-695-5800 or 1-800-408-3053, using access code 2058403 followed by the pound sign.

On behalf of the speakers who follow, investors are cautioned that the presentations and responses to questions may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, and which comprise forward-looking information under applicable Canadian Provincial Securities Laws.

For the purposes of this caution we refer to such statements as forward-looking statements. Forward-looking statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Forward-looking statements include, but are not limited to our goals, targets, strategies, intentions, plans, beliefs, estimates, expectations, outlooks, guidance and other statements which contain language such as likely, should, guidance, belief, anticipate, expect, intend, plan, will, may, target and other similar expressions.