Biovail Corporation | 合法醫療器材資訊網

BiovailCorporation·IsValeantPharmaceuticalstheNextEnron?·U.S.andCanadianDrugMakersAgreetoa$3.2BillionMerger·BiovailtoMergeWithValeant.

Biovail Corp, Canadian pharmaceutical company, sues SAC Capital Management, one of most powerful hedge funds on Wall Street, accusing it of colluding with independent research providers to issue misleading reports to drive down price of Biovails stock; lawsuit lays out scheme by several hedge funds to send ghost written research reports--all negative--to Camelback, independent investment research firm in Arizona now known as Gradient Analytics; suit says Camelback would wait for hedge funds to accumulate short position on stock and then Camelback would release report; as result of reports of Camelback, as well as subsequent reports by David W Maris, analyst with Banc of America Securities, shares of Biovail stock fell more than 50 percent between 2003 and spring 2004; suit claims those reports caused Biovails business reputati...