12:02 PM EST - Biovail Corp. : shares climbed almost 2 percent on Wednesday after the drugmaker said it plans to redeem some long-term debt. The company said it called for redemption of all of its outstanding 7-7/8 percent senior subordinated notes issued in 2002 and due April 1, 2010. The notes will be redeemed at a price of 101.969 percent of the principal amount, plus accrued interest, up to the redemption date of April 1, 2007. Biovail Corp.
shares T.BVF are trading ahead 42 cents at $23.89.
