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Biovail Acquires Ativan and Isordil from Wyeth.

Publication: Business Wire
Publication Date: 02-JUN-03 		Format: Online - approximately 986 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors/Health/Medical Writers

TORONTO--(BUSINESS WIRE)--June 2, 2003

-- Anxiety treatment Ativan complements Biovail's growing CNS

franchise

-- Isordil further expands Biovail's cardiovascular product line

Biovail Corporation (NYSE:BVF)(TSX:BVF) announced today that it has acquired U.S. rights to the Ativan(R) (lorazepam) and Isordil(R) (isosorbide dinitrate) oral product lines from Wyeth (NYSE:WYE) for $130 million and annual payments pursuant to a three year supply agreement. Sales of Ativan and Isordil in the U.S. were in excess of $50 million in 2002.

Ativan is a benzodiazepine, indicated for the management of anxiety disorders or for the short-term relief of anxiety or anxiety associated with depressive symptoms. The market for anxiety treatments was in excess of $11 billion for the 12 months ended December 2002. Isordil is a nitrate indicated for the prevention of angina pectoris due to coronary artery disease. Sales of nitrate products were in excess of $360 million for...

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