November 6, 2008 / 1:54 PM / in 9 years

Biovail eyeing numerous acquisitions

TORONTO, Nov 6 (Reuters) - Biovail Corp BVF.TO BVF.N said on a conference call on Thursday that it was eyeing numerous acquisitions that would be accretive to its results within the first year.

Canada’s biggest publicly traded drugmaker said the global financial turmoil is likely to create opportunities for the company, which boasts a strong balance sheet and cash flow. ($1=$1.16 Canadian) (Reporting by Scott Anderson, editing by Gerald E. McCormick)

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