BIOVAIL CORP (NYSE:BVF TSE:BVF) Updated
June 20, 2009
Biovail's expertise lies in the area of oral controlled-release drug delivery. Biovail has several different proprietary, drug-delivery technology platforms, including Consurf®, CEFORM®, Shearform®, Enhanced Absorption and FlashDose®. These proven technologies are highly flexible, providing a broad range of release profiles that can be tailored to the physical, chemical and clinical properties of any given drug compound.
Biovail focuses on the development and commercialization of products primarily in its core therapeutic categories, including cardiovascular disease; central nervous system disorders; pain management; and other niche areas. Its branded, promoted products include Wellbutrin® SR, Retavase®, Zyban® and Tiazac® XC in Canada, and Zovirax® Ointment and Zovirax® Cream in the United States. Biovail's products are sold primarily in North America directly through its sales operations – Biovail Pharmaceuticals Canada of Mississauga, Ontario and Biovail Pharmaceuticals, Inc. of Bridgewater, New Jersey – or are sold and marketed globally through strategic alliances and partnerships.
Recent News: UPDATE - Valeant, Biovail to cut 25 pct jobs of combined co
UPDATE - U.S. FDA panel backs Glaxo, Valeant epilepsy drug
Biovail Reports Second-Quarter 2010 Financial Results
Biovail and MedGenesis Announce Grant from The Michael J. Fox Foundation for the Development of GDNF
Valeant and Biovail Agree to Merge
Biovail Reports Fourth Quarter, Year-End 2009 Financial Results
Biovail Declares Quarterly Dividend
SAC Capital turns the tables on Biovail
Biovail Enters into License and Collaboration Agreement with Alexza for AZ-004
Biovail Reports Third-Quarter 2009 Financial Results
Biovail Declares Quarterly Dividend
Biovail Reports Second-Quarter 2009 Financial Results
Cosme
Ordonez
............
Maintained BUY
Target raised to $32.00 from $18.50US
BVF.TO Price day before:$27.52 Finish day posting:$27.72 Current:$27.72
BVF Price day before: $26.51 Finish day of posting:$26.82 Current:$26.82US
--------June 22, 2010---------
Maintained BUY
Target raised to $18.50 from $15.50 US
BVF.TO Price day before:$17.02 Finish day posting:$19.25 Current:$27.72
BVF Price day before: $16.67 Finish day of posting:$18.78 Current:$26.82US
-------May 19, 2009-------
Target raised to $15.50 from $15.00US (Target Hit Jan 14, 2010)
BVF.TO Price day before:$12.89 Finish day posting:$13.99 Current:$27.72
BVF Price day before: $11.43 Finish day of posting:$12.05 Current:$26.82US
--------May 07, 2009---------
Target raised to $15.00 from $14.50US (Target Hit Sept 28, 2009)
BVF.TO Price day before:$11.65 Finish day posting:$12.16Current:$27.72
BVF Price day before: $10.05 Finish day of posting:$10.32 Current:$26.82US
**********
DougMiehm…RBC
Capital Markets.....Sept 08, 2010
Maintained OUTPERFORM
Target raised to $34.00 from $21.00US
BVF.TO Price day before:$27.52 Finish day posting:$27.52 Current:$27.72
BVF Price day before: $26.25 Finish day of posting:$26.51 Current:$26.82US
-------.June 22, 2010---------
Maintained OUTPERFORM
Target raised to $21.00 from $19.00 US (Target Hit July 19, 2010)
BVF.TO Price day before:$17.02 Finish day posting:$19.25 Current:$27.72
BVF Price day before: $16.67 Finish day of posting:$18.78 Current:$26.82US
-----Apr 20, 2010------
Maintained OUTPERFORM
Target raised to $19.00 from $17.00 US (Target Hit Jun 23, 2010)
BVF.TO Price day before:$17.17 Finish day posting:$16.88 Current:$27.72
BVF Price day before: $16.84 Finish day of posting:$16.85 Current:$26.82US
***********
Neil Maruoka .............. Canaccord/Adams ……Sept 08, 2010
Maintained BUY
Target raised to $31.00 from $26.00US
BVF.TO Price day before:$27.52 Finish day posting:$27.52 Current:$27.72
BVF Price day before: $26.25 Finish day of posting:$26.51 Current:$26.82US
---------June 22, 2010---------
Maintained BUY
Target Under Review
BVF.TO Price day before:$17.02 Finish day posting:$19.25 Current:$27.72
BVF Price day before: $16.67 Finish day of posting:$18.78 Current:$26.82US
--------Mar 23, 2010-----
Target $17.40US(Target Hit Jun 22, 2010)
BVF.TO Price day before:$16.27 Finish day posting:$16.45 Current:$27.72
BVF Price day before: $16.03 Finish day of posting:$16.27 Current:$26.82US
------Nov 06, 2009----------
Target $16.00US (Target Hit Jan 14, 2010)
BVF.TO Price day before:$13.95 Finish day posting:$14.30 Current:$27.72
BVF Price day before: $13.02 Finish day of posting:$13.32 Current:$26.82US
-------Aug 18, 2009---------
Target reduced to $16.25 from $16.50US
BVF.TO Price day before:$15.12 Finish day posting:$14.75 Current:$27.72
BVF Price day before: $13.69 Finish day of posting:$13.35 Current:$26.82US
--------May 19, 2009----------
Target raised to $16.50 from $15.00US
BVF.TO Price day before:$12.89 Finish day posting:$13.99 Current:$27.72
BVF Price day before: $11.43 Finish day of posting:$12.05 Current:$26.82US
************
ClaudeCamire
…… Paradigm Capital…Sept 08, 2010
Maintained BUY
Target raised to $35.00 from $29.00US
BVF.TO Price day before:$27.52 Finish day posting:$27.52 Current:$27.72
BVF Price day before: $26.25 Finish day of posting:$26.51 Current:$26.82US
-------Aug 10, 2010--------
Upgraded to BUY from HOLD
BVF.TO Price day before:$23.74 Finish day posting:$23.74 Current:$27.72
BVF Price day before: $23.09 Finish day of posting:$23.06 Current:$26.82US
--------Feb 26, 2010-------
Target reduced to $15.75 from $16.50US (Target Hit Mar 12, 2010)
BVF.TO Price day before:$15.34 Finish day posting:$15.57 Current:$27.72
BVF Price day before: $14.43 Finish day of posting:$14.83 Current:$26.82US
-----May 11, 2009-----
Target raised to $15.00 from $13.25US (Target Hit Sept 28, 2009)
BVF.TO Price day before:$13.08 Finish day posting:$12.97 Current:$27.72
BVF Price day before: $11.35 Finish day of posting:$11.17 Current:$26.82US
---------Feb 27, 2009---------
Maintained HOLD
Price Target raised to $13.25 from $11.25US (Target Hit Sept 14, 2009)
BVF.TO Price day before:$13.30 Finish day posting:$13.52 Current:$27.72
BVF Price day before: $10.58 Finish day of posting:$10.55 Current:$26.82US
------Jan 14, 2009------
Downgraded to HOLD from BUY
BVF.TO Price day before:$13.65 Finish day posting:$13.20 Current:$27.72
BVF Price day before: $11.14 Finish day of posting:$10.59 Current:$26.82US
------Oct 16, 2008--------
Upgraded to BUY from HOLD
BVF.TO Price day before:$9.05 Finish day posting:$8.75 Current:$27.72
BVF Price day before: $7.43 Finish day of posting:$7.58 Current:$26.82US
************
HariSambasivam……
Bank National…Sept 08, 2010
Maintained OUTPERFORM
BVF.TO Price day before:$27.52 Finish day posting:$27.52 Current:$27.72
BVF Price day before: $26.25 Finish day of posting:$26.51 Current:$26.82US
------July 29, 2010------
Maintained OUTPERFORM
Target raised to $25.00 from $20.00 US (Target Hit Sept 07, 2010)
BVF.TO Price day before:$22.88 Finish day posting:$22.69 Current:$27.72
BVF Price day before: $21.98 Finish day of posting:$21.91 Current:$26.82US
-------Mar 05, 2009------
New OUTPERFORM
Target $13.00US(Target Hit May 22, 2009)
BVF.TO Price day before:$14.32 Finish day posting:$14.21 Current:$27.72
BVF Price day before: $11.19 Finish day of posting:$11.06 Current:$26.82US
**************
Lennox Gibbs ............ TD Newcrest…Aug 09, 2010
Downgraded to HOLD from BUY
Target $24.50 US
BVF.TO Price day before:$23.05 Finish day posting:$23.74 Current:$27.72
BVF Price day before: $22.41 Finish day of posting:$23.09 Current:$26.82US
------July 27, 2010-------
Target raised to $24.50 from $18.50 US (Target Hit Sept 07, 2010)
BVF.TO Price day before:$22.13 Finish day posting:$22.61 Current:$27.72
BVF Price day before: $21.48 Finish day of posting:$21.80 Current:$26.82US
---------June 23, 2010--------
Target Under Review
BVF.TO Price day before:$19.25 Finish day posting:$19.26 Current:$27.72
BVF Price day before: $18.78 Finish day of posting:$18.58 Current:$26.82US
------Mar 26, 2010------
Downgraded to BUY from ACTION LIST BUY
Target raised to $18.50 from $17.00 US (Target Hit Jun 22, 2010)
BVF.TO Price day before:$16.76 Finish day posting:$16.71 Current:$27.72
BVF Price day before: $16.35 Finish day of posting:$16.30 Current:$26.82US
-------June 19, 2009-------
Upgraded to ACTION LIST BUY from BUY
Price Target raised to $17.00 from $16.00 US (Target Hit Jun 22, 2010)
BVF.TO Price day before:$14.00 Finish day posting:$14.66Current:$27.72
BVF Price day before: $12.34 Finish day of posting:$12.96 Current:$26.82US
------May 07, 2009-------
Maintained BUY
Price Target raised to $16.00 from $12.00 US (Target Hit Jan 14, 2010)
BVF.TO Price day before:$11.65 Finish day posting:$12.16Current:$27.72
BVF Price day before: $10.05 Finish day of posting:$10.32 Current:$26.82US
------Jan 13, 2009--------
Maintained BUY
Target $12.00US (Target Hit)
BVF.TO Price day before:$13.14 Finish day posting:$13.65 Current:$27.72
BVF Price day before: $10.79 Finish day of posting:$11.14 Current:$26.82US
------Oct 08, 2008--------
Upgraded to BUY from HOLD
Target $12.00US (Target Hit Feb 10, 2009)
BVF.TO Price day before:$9.38 Finish day posting:$9.90 Current:$27.72
BVF Price day before: $8.55 Finish day of posting:$8.73 Current:$26.82US
**************
Paul Campbell……BMO Capital Markets …Aug 09, 2010
Maintained MARKET PERFORM
Target raised to $20.00 from $17.00 US
BVF.TO Price day before:$23.05 Finish day posting:$23.74 Current:$27.72
BVF Price day before: $22.41 Finish day of posting:$23.09 Current:$26.82US
-------June 22, 2010-------
Maintained MARKET PERFORM
Target raised to $16.50 from $13.00 US
BVF.TO Price day before:$17.02 Finish day posting:$19.25 Current:$27.72
BVF Price day before: $16.67 Finish day of posting:$18.78 Current:$26.82US
------May 07, 2009-----
Maintained MARKET PERFORM
Price Target reduced to $11.00 from $12.00 US (Target Hit May 08, 2009)
BVF.TO Price day before:$11.65 Finish day posting:$12.16Current:$27.72
BVF Price day before: $10.05 Finish day of posting:$10.32 Current:$26.82US
--------Mar 18, 2009--------
New MARKET PERFORM
BVF.TO Price day before:$15.07 Finish day posting:$14.71 Current:$27.72
BVF Price day before: $11.83 Finish day of posting:$11.82 Current:$26.82US
**************
Marc Goodman …UBS ……July 28, 2010
Maintained BUY
Target raised to $29.00 from $20.00 US
BVF.TO Price day before:$22.61 Finish day posting:$22.88 Current:$27.72
BVF Price day before: $21.80 Finish day of posting:$21.98 Current:$26.82US
--------Mar 25, 2010--------
Maintained BUY
Target raised to $20.00 from $16.00 US (Target Hit July 16, 2010)
BVF.TO Price day before:$16.81 Finish day posting:$16.76 Current:$27.72
BVF Price day before: $16.39 Finish day of posting:$16.35 Current:$26.82US
-----June 10, 2009-----
Target raised to $16.00 from $13.00US (Target Hit Jan 14, 2010)
BVF.TO Price day before: $13.18 Finish day of posting:$14.03 Current:$27.72
BVF Price day before: $11.89 Finish day of posting:$12.62 Current:$26.82US
**********
DavidSteinberg
………… Deutsche Bank………Jan 19, 2010
Maintained BUY
Target raised to $19.00 from $16.00 US (Target Hit Jun 23, 2010)
BVF.TO Price day before:$15.77 Finish day posting:$16.06 Current:$27.72
BVF Price day before: $15.73 Finish day of posting:$15.64 Current:$26.82US
-----May 08, 2009----------
Upgraded to BUY from HOLD
Target raised to $16.00 from $12.00 US (Target Hit Jan 14, 2010)
BVF.TO Price day before:$12.16 Finish day posting:$13.08 Current:$27.72
BVF Price day before: $10.32 Finish day of posting:$11.35 Current:$26.82US
**************************
Chris Schott …JP Morgan ……Sept 25, 2009
New OVERWEIGHT
Target $19.00US (Target Hit Jun 23, 2010)
BVF.TO Price day before: $15.12 Finish day of posting:$16.09 Current:$27.72
BVF Price day before: $13.88 Finish day of posting:$14.77 Current:$26.82US
***********
Scott
Hirsch …Credit Suisse First
Upgraded to OUTPERFORM from NEUTRAL
Target $15.00US (Target Hit Sept 28, 2009)
BVF.TO Price day before: $14.11 Finish day of posting:$14.88 Current:$27.72
BVF Price day before: $13.06 Finish day of posting:$13.72 Current:$26.82US
-----June 16, 2009-----
Target raised to $16.00 from $13.00US
BVF.TO Price day before: $13.79 Finish day of posting:$13.50 Current:$27.72
BVF Price day before: $12.23 Finish day of posting:$11.85 Current:$26.82US
**********
Standard & Poors ……Aug 08, 2009
Upgraded to BUY from HOLD
Target raised to $17.00 from $13.00US (Target Hit Jun 22, 2010)
BVF.TO Price day before:$15.29 Finish day posting:$15.11 Current:$27.72
BVF Price day before: $14.08 Finish day of posting:$13.87 Current:$26.82US
--------Nov 06, 2008-----
Upgraded to HOLD from STRONG SELL
Target raised to $11.00 from $7.00US (Target Hit Jan 08, 2009)
BVF.TO Price day before:$10.67 Finish day posting:$10.64 Current:$27.72
BVF Price day before: $8.97 Finish day of posting:$8.88 Current:$26.82US
------Sept 18, 2008------
Maintained STRONG SELL
Target $7.00US (Target Hit Oct 10, 2008)
BVF.TO Price day before:$9.95 Finish day posting:$10.22 Current:$27.72
BVF Price day before: $9.30 Finish day of posting:$9.62 Current:$26.82US
************
Randall Stanicky………..Goldman Sachs……May 07, 2009
Upgraded to NEUTRAL from SELL
BVF.TO Price day before:$11.65 Finish day posting:$12.16Current:$27.72
BVF Price day before: $10.05 Finish day of posting:$10.32 Current:$26.82US
--------Mar 22, 2007-------
Downgraded to NEUTRAL from BUY
Price Target $24.00US (Target Hit Apr 13, 2007)
BVF.TO Price day before:$25.75 Finish day posting:$25.08 Current:$27.72
BVF Price day before: $22.23 Finish day of posting:$22.64 Current:$26.82US
------Nov 27, 2006-------
New BUY
Price Target $22.00US (Target Hit Dec 07, 2006)
BVF.TO Price day before:$16.61 Finish day posting:$17.05 Current:$27.72
BVF Price day before: $17.21 Finish day of posting:$17.40 Current:$26.82US
**************
BIOVAIL CORP
Short Positions (TSX)
Date Outstanding Price Range
Aug 16 to 31, 2010 1,900,048 $24.65 to $23.19
Aug 01 to 15, 2010 2,000,724 $24.23 to $22.43
July 16 to 30, 2010 1,846,279 $23.33 to $20.65
July 01 to 15, 2010 2,037,062 $20.68 to $19.33
June 16 to 30, 2010 1,920,528 $20.87 to $14.87
June 01 to 15, 2010 1,556,720 $15.64 to $14.34
May 16 to 31, 2010 1,567,993 $16.91 to $15.49
May 01 to 15, 2010 1,613,583 $17.48 to $16.27
Apr 16 to 30, 2010 1,564,540 $17.51 to $16.60
Apr 01 to 15, 2010 1,571,396 $17.10 to $16.37
Mar 16 to 31, 2010 1,625,673 $17.26 to $15.80
Mar 01 to 15, 2010 1,182,919 $16.08 to $15.42
Feb 16 to 28, 2010 1,078,068 $15.92 to $15.00
Feb 01 to 15, 2010 1,026,544 $15.95 to $14.62
Jan 16 to 31, 2010 1,033,571 $16.51 to $15.15
Jan 01 to 15, 2010 996,164 $16.57 to $14.60
Dec 16 to 31, 2009 970,084 $14.95 to $14.53
Dec 01 to 15, 2009 1,054,385 $15.71 to $14.20
Nov 16 to 30, 2009 1,022,727 $15.38 to $14.36
Nov 01 to 15, 2009 1,428,557 $14.65 to $13.78
Oct 16 to 30, 2009 1,538,417 $15.33 to $14.16
Oct 01 to 15, 2009 1,590,437 $16.55 to $15.14
Sept 16 to 30, 2009 1,402,959 $16.59 to $14.42
Sept 01 to 15, 2009 1,622,415 $14.96 to $13.45
Aug 17 to 31, 2009 1,428,147 $15.34 to $13.77
Aug 04 to 14, 2009 1,286,938 $15.39 to $14.56
July 16 to 31, 2009 1,606,801 $15.55 to $14.25
July 02 to 15, 2009 1,796,785 $15.80 to $15.03
June 16 to 30, 2009 2,101,738 $15.90 to $13.32
June 01 to 15, 2009 2,307,351 $14.60 to $12.88
May 19 to 29, 2009 2,078,182 $14.84 to $13.11
May 01 to 15, 2009 2,047,584 $13.70 to $10.90
Apr 16 to 30, 2009 2,079,283 $14.10 to $12.84
Apr 01 to 15, 2009 2,217,137 $14.07 to $12.80
Mar 16 to 23, 2009 2,440,349 $15.38 to $12.94
Mar 13, 2009 2,318,553 $14.65 to $13.10
Feb 27, 2009 2,406,511 $14.65 to $12.76
Feb 13, 2009 2,380,323 $14.95 to $12.75
Jan 31, 2009 2,352,614 $14.21 to $13.07
Jan 15, 2009 2,185,403 $14.09 to $11.48
Dec 31, 2008 2,010,380 $11.64 to $10.60
Dec 15, 2008 2,603,904 $11.69 to $10.33
Nov 28, 2008 3,209,353 $10.85 to $9.87
Nov 14, 2008 2,733,979 $10.98 to $10.02
Oct 31, 2008 2,570,838 $10.89 to $8.75
Oct 15, 2008 2,498,628 $10.60 to $7.84
Sept 30, 2008 3,397,936 $11.10 to $9.70
Sept 15, 2008 3,406,767 $11.71 to $10.90