Problem:
Establishing a worst-case scenario, discuss the known liability that Biovail has incurred for deceiving its investors. Perform a comparative financial analysis of Biovail, Abbot Labs, and Cephalon.
Describe what this analysis reveals about Biovail's strategic weaknesses. Recommend what principles of governance can be employed to assure investors that Biovail's past misconduct will not recur in the future.