Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2004-03-12
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https://casecent.re/p/14346
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Abstract
Biovail Corporation, a large pharmaceutical company, recently had its stock downgraded by a well known pharmaceutical analyst and a number of other analysts were also scrutinizing the company. The outcome was not favorable, as Biovail''s acquisition methods were labeled as unethical and their accounting practices were questioned. An investor with the company must decide if she will continue to invest in a company that has been identified with low ethical standards. The supplement Biovail Corporation (B), product ''9B04N008'' discusses the investor''s decision, and some information that caused her to reconsider that decision.
About
Abstract
Biovail Corporation, a large pharmaceutical company, recently had its stock downgraded by a well known pharmaceutical analyst and a number of other analysts were also scrutinizing the company. The outcome was not favorable, as Biovail''s acquisition methods were labeled as unethical and their accounting practices were questioned. An investor with the company must decide if she will continue to invest in a company that has been identified with low ethical standards. The supplement Biovail Corporation (B), product ''9B04N008'' discusses the investor''s decision, and some information that caused her to reconsider that decision.