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Biovail Fined; Melnyk Charges Remain

Biovail Fined; Melnyk Charges Remain

Canadian drug maker Biovail Corp., which was formerly headed by prominent Thoroughbred owner-breeder Eugene Melnyk, agreed March 24 to pay a $10-million fine to resolve federal regulators' charges of civil accounting fraud and deceiving investors and analysts.

Melnyk Company Under SEC Investigation

  • News

The U.S. Securities and Exchange Commission has opened an informal inquiry into the accounting and financial-reporting practices of Eugene Melnyk's pharmaceutical company Biovail Corp.

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