Biovail Corporation Founder Melnyk Eyes Buy Out or Sell Out

Published: Feb 29, 2008

TORONTO, Feb 28 (Reuters) - Eugene Melnyk, founder of Canadian drug maker Biovail Corp (BVF.TO: Quote, Profile, Research)(BVF.N: Quote, Profile, Research), has told the company he is dissatisfied with its direction and is considering options such as selling his stake, or joining with a partner to buy the company out.

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