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Biovail
Biovail Corporation was a Canadian Pharmacology, pharmaceutical company (law), company, operating internationally in all aspects of pharmaceutical products. Its major production facility was located in Steinbach, Manitoba. It merged with Valeant Pharmaceuticals International in 2010. SAC/Gradient Analytics lawsuit and SEC complaint In March 2006, CBS program ''60 Minutes'' featured Biovail in a story about its lawsuit against hedge fund SAC Capital Partners and Camelback (now known as Gradient Analytics), among others. According to Eugene Melnyk, "there's a group of people that got together and essentially attacked the company by putting out false reports, and we're just fighting back for our shareholders.""Betting on a Fall", Lesley Stahl, ''60 Minutes'' story on Bi ...
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Eugene Melnyk
Eugene Melnyk (May 27, 1959 – March 28, 2022) was a Canadian businessman, philanthropist, and owner, governor, and chairman of the National Hockey League (NHL)'s Ottawa Senators and the AHL's Belleville Senators. He was the founder, chairman, and chief executive officer, CEO of Biovail Corporation, once Canada's largest publicly traded pharmaceutical company with more than C$1 billion in annual revenue. He sold almost all of his holdings in the company by 2010. ''Canadian Business'' magazine ranked Melnyk 79th on its 2017 list of Canada's 100 wealthiest people, with a net worth of $1.21 billion. He was one of the richest residents of Barbados. Business career Trimel Corporation In 1982, Melnyk founded medical publishing company Trimel Corporation, which summarized important medical research into shorter and more accessible notes for doctors. Trimel was taken public in 1987 and sold to Thomson Publications (part of the Thomson Corporation) in 1989. Biovail Corporation In 1989, ...
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SAC Capital Partners
SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 peopleSteve Cohen's Trade Secrets
, February 26, 2010
in 2010 across its offices located in Stamford, and New York City, and various offices. It reportedly lost many of its traders in the wake of various investigations by ...
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Valeant Pharmaceuticals International
Bausch Health Companies Inc. (formerly Valeant Pharmaceuticals International, Inc.) is a Canadian multinational specialty pharmaceutical company based in Laval, Quebec, Canada. It develops, manufactures and markets pharmaceutical products and branded generic drugs, primarily for skin diseases, gastrointestinal disorders, eye health and neurology. Bausch Health owns Bausch & Lomb, a supplier of eye health products. The company in its present form is the result of a merger between Valeant and Canadian firm Biovail. The company retained the Valeant name and J. Michael Pearson as CEO, but was incorporated in Canada and kept Biovail's headquarters. Valeant was originally founded in 1959 as ICN Pharmaceuticals by Milan Panić in California. Under the leadership of J. Michael Pearson, Valeant adopted a strategy of buying up other pharmaceutical companies which manufactured effective medications for a variety of medical problems, and then increasing the price of those medications. As ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Canadian Companies Established In 2010
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and ec ...
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Pharmaceutical Companies Of Canada
A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and relies on the science of pharmacology for continual advancement and on pharmacy for appropriate management. Drugs are classified in multiple ways. One of the key divisions is by level of control, which distinguishes prescription drugs (those that a pharmacist dispenses only on the order of a physician, physician assistant, or qualified nurse) from over-the-counter drugs (those that consumers can order for themselves). Another key distinction is between traditional small molecule drugs, usually derived from chemical synthesis, and biopharmaceuticals, which include recombinant proteins, vaccines, blood products used therapeutically (such as IVIG), gene therapy, monoclonal antibodies and cell therapy (for instance, stem cell thera ...
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Aplenzin
Bupropion, sold under the brand names Wellbutrin and Zyban among others, is an atypical antidepressant primarily used to treat major depressive disorder and to support smoking cessation. It is also popular as an adjunct therapy, add-on medication in the cases of "incomplete response" to the first-line selective serotonin reuptake inhibitor (SSRI) antidepressant. Bupropion has several features that distinguish it from other antidepressants: it does not usually cause sexual dysfunction; it is not associated with weight gain and somnolence, sleepiness, and it is more effective than SSRIs at improving symptoms of hypersomnia and fatigue. Bupropion does, however, carry a much higher risk of seizure than many other antidepressants and extreme caution must be taken in patients with a history of seizure disorder. Common adverse effects of bupropion with the greatest difference from placebo are dry mouth, nausea, constipation, insomnia, anxiety, tremor, and excessive sweating. Raised ...
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Ontario Securities Commission
The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency which reports to the Ontario legislature through the Minister of Finance. Canada does not have a national securities regulator, and each province and territory regulates its own capital markets; OSC regulates the capital markets in Ontario. Other notable provincial regulators include the Alberta Securities Commission, the Autorité des marchés financiers (Québec), and the British Columbia Securities Commission. OSC Mandate: * Protect investors from unfair, improper and fraudulent practices * Foster fair and efficient capital markets * Maintain public and investor confidence in the integrity of those markets The OSC administers the Ontario Securities Act and the Commodity Futures Act and with about 500 employees, is the largest securities regulator in Canada and has the Toronto Stock Exchange ...
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Joe Nocera
Joseph Nocera (born May 6, 1952) is an American business journalist, and author. He has written for The New York Times since April 2005, writing for the Op-Ed page from 2011 to 2015. He was also an opinion columnist for Bloomberg Opinion. Early life and education Nocera was born in Providence, Rhode Island. He earned a B.S. in journalism from Boston University in 1974. Career In the late 1970s he was an editor at ''The Washington Monthly''. In the 1980s, he was an editor at ''Newsweek''; an executive editor of ''New England Monthly''; and a senior editor at ''Texas Monthly''. Nocera was the "Profit Motive" columnist at '' Esquire'' from 1988 to 1990 and wrote the same column for '' GQ'' from 1990 to 1995. He worked at ''Fortune'' from 1995 to 2005, in a variety of positions, finally as editorial director. He became a business columnist for ''The New York Times'' in April 2005. In March 2011, Nocera became a regular opinion columnist for ''The Timess Op-Ed page, writing on Tues ...
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Columbia Journalism Review
The ''Columbia Journalism Review'' (''CJR'') is a biannual magazine for professional journalists that has been published by the Columbia University Graduate School of Journalism since 1961. Its contents include news and media industry trends, analysis, professional ethics, and stories behind news. In October 2015, it was announced that the publishing frequency of the print magazine was being reduced from six to two issues per year in order to focus on digital operations. Organization board The current chairman is Stephen J. Adler, who also serves as editor in chief for Reuters. The previous chairman of the magazine was Victor Navasky, a professor at the Columbia University Graduate School of Journalism and former editor and publisher of the politically progressive ''The Nation (U.S. periodical), The Nation''. According to Executive Editor Michael Hoyt, Navasky's role is "99% financial" and "he doesn't push anything editorially." Hoyt also has stated that Navasky has "learned h ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Gradient Analytics
Gradient Analytics, Inc., founded in 1996 by Donn Vickrey and Dr. Carr Bettis as Camelback Research Alliance, Inc. and based in Scottsdale, Arizona, was an independent equity research company.Gradient Analytics, Inc.
profile at
BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...


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