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Biovail founder concedes defeat

Biovail founder Eugene Melnyk is giving up the fight. After dogging the company for months -- and winning a court order requiring shareholders to re-vote on his proposals -- Melnyk said he was Read more...
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Proxy battle brewing over Biovail

Eugene Melnyk said he'd do it, and now he has. The founder of Canada's Biovail launched a proxy battle for the company, looking to sweep out its board and senior management. Melnyk has a dissident

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Biovail to pay $25M in doc payoff claims

If only this were the last bit of old business Biovail needed to clear. In a deal with the U.S. Department of Justice, the Canadian drugmaker agreed to pay almost $25 million to settle claims that it Read more...

SPOTLIGHT: Melnyk drops suit against Biovail

Biovail founder Eugene Melnyk (photo) has withdrawn his lawsuit against the company and its current CEO after the two Read more...
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