ONTARIO, Canada, Feb. 14 /PRNewswire/ -- In response to media and other inquiries on media reports of the SEC’s decision to conclude its investigation of Gradient Analytics, Biovail Corporation today issued the following statement:
“While we do not know what the SEC actually investigated or concluded, its reported decision not to pursue this matter further does not affect in any respect Biovail’s case. Based on the facts already known to Biovail, it remains confident in the merit of its allegations and of the ultimate success of its claims.”
Biovail Corporation
CONTACT: Michael Sitrick, +1-310-788-2850, or Tom Becker, +1-212-573-6100,both of Sitrick And Company, for Biovail Corporation