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Keftab |
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In the first quarter of 2003, Biovail reached settlements under previously disputed product supply agreements with: (i) Eli Lilly and Company, with respect to Lilly's breach of contract due to its inability to supply Keftab to Biovail, and (ii) Mylan Pharmaceuticals, Inc. Excluded from the 2001 net income and diluted earnings per share calculations are the write-down of assets primarily associated with two product rights, Keftab and Duravent, which were originally acquired as part of the acquisition of DJ Pharma in October 2000. The write down of assets is primarily associated with two product rights, Keftab and Duravent, which were acquired as part of the acquisition of DJ Pharma in October 2000. |
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