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Dr. Laurence Paul was elected Director of Biovail Corporation in June 2002. Dr. Paul is a founding principal Laurel Crown Capital LLC a leveraged buyout and principal investment company based in Santa Monica CA. Prior to his work at Laurel Crown and its predecessor Dr. Paul was a managing director at Donaldson Lufkin Jenrette Inc. (DLJ) a New York-based securities and brokerage firm and then Credit Suisse First Boston after its purchase of DLJ. At DLJ Dr. Paul was responsible for building and overseeing much of the firm�s effort in the life-sciences sector. Dr. Paul received his B.A. and M.D. degrees from Harvard University and subsequently received his M.B.A. from Stanford University. Dr. Paul also sits on the boards of Morton�s Restaurant Group Ampco-Pittsburgh Corp. Harvard Medical School the Biomedical Services Division of the American Red Cross and the Los Angeles Chapter of the American Red Cross. | 