Furthermore, Biovail today announced that it has acquired North American rights to Ethypharm SA's (Ethypharm) Flashtab combination tramadol and acetaminophen (Flashtab tramadol hydrochloride tablet tramadol/acetaminophen) product, which complements Biovail's September 2003 purchase from Ethypharm of Flashtab tramadol. The application for Ralivia ER(TM) was submitted under the provisions of Section 505(b)(2) of the Food, Drug and Cosmetic Act. Biovail is the first and only company to submit an application to the FDA for review and to receive an tramadol hydrochloride tablet approval for a once-daily tramadol formulation. At this time, FDA is willing to allow Biovail to choose a trademark when an agreement is reached with a partner, and a final tramadol hydrochloride tablet trademark is mutually agreed. Subject to final FDA approval, Biovail's orally disintegrating tablet version of immediate-release tramadol hydrochloride will be available in 50mg tablets by prescription only. Forward-looking statements speak only as of the date on which tramadol hydrochloride tablet they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Business Editors/Health/Medical Writers TORONTO--(BUSINESS WIRE)--March 11, 2004 Biovail Corporation (NYSE:BVF) (TSX:BVF) announced today that it has submitted a New Drug Application to the U. "The approval of our ER and ODT tramadol products represents the culmination of several years of perseverance, commitment and confidence in our technologies and formulation expertise," said Biovail's Executive Chairman Eugene Melnyk. Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the beliefs and expectations of management. IVAX anticipates launching this product in about one month.

Subject tramadol hydrochloride tablet to FDA approval, Ralivia(TM) FlashDose(R) will be available in 50mg, tablets by prescription only. Since March 2001, Able has received 14 ANDA approvals. Tramadol is used to treat persistent moderate to severe pain and is the generic equivalent of Ultram(R) Tablets with annual estimated sales of approximately $550 million.
Caution Regarding Forward-Looking Information and "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the "safe harbor" provisions of applicable Canadian securities legislation. Biovail will develop a tramadol hydrochloride tablet timeline for presenting this extensive clinical data set after determining whether Biovail will launch Ralivia ER(TM) through its own sales force in the United States or outlicense it to a partner. We have based tramadol hydrochloride tablet these forward-looking statements on our current expectations and projections about future events. Food and Drug Administration has granted final approval of Tramadol hydrochloride tablet the company's ANDA for Tramadol Hydrochloride Tablets, 50 mg.