Biovail was a major international pharmaceutical company with sales of $ 788 million. Banc of America has a research report that Biovail Corporation Financial Statements “raised a number of questions that guarantee caution for investors,” and as a result, Biovail’s stock has been showing a “sell” rating issued by Banc of America. A member of the Biovail’s Audit Committee is meeting to prepare for an upcoming test and the impact of this report for the company and for … Read more »

Biovail was a major international pharmaceutical company with sales of $ 788 million. Banc of America has a research report that Biovail Corporation Financial Statements “raised a number of questions that guarantee caution for investors,” and as a result, Biovail’s stock has been showing a “sell” rating issued by Banc of America. A member of the Biovail’s Audit Committee is meeting to prepare for an upcoming test and the impact of this report for the Company and the Audit Committee.
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from
Mary Heisz,
Mary Jane Mastrandea,
Jessica Fresh
Source: Ivey Publishing
19 pages.
Release Date: 7 January 2009. Prod #: 909B04-PDF-ENG
Accounting at Biovail – Revised HBR case solution