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Biovail Corp.

11:52 AM EST - Biovail Corp. : reported that its fourth-quarter GAAP net income was $73.0 million U.S. or $0.46 U.S. per share, down from $120.4 million U.S. or $0.76 U.S. per share in the fourth quarter of 2008. Cash EPS was $0.82 U.S. compared to $0.47 U.S. in the fourth quarter of 2008. Total revenues for were $241.1 million U.S., up 33% from $181.5 million U.S. for the fourth quarter of 2008. Biovail Corp. shares T.BVF are trading up $0.05 at $15.34.