OSC Statement in the Matter of Biovail Corporation and Eugene N. Melnyk

TORONTO, Oct 1 /CNW/ - The following statement was issued today with respect to the decision in the matter of Biovail Corporation and Eugene N. Melnyk by Tom Atkinson, Director of Enforcement at the Ontario Securities Commission (OSC):

"The decision speaks for itself.  Mr. Melnyk was found not to have contravened Ontario securities law but his conduct was found to be contrary to the public interest.  Within 30 days, a sanctions hearing will be set."

For further information:

For Media Inquiries:	Wendy Dey Director, Communications & Public Affairs 416-593-8120
	Theresa Ebden Senior Communications Specialist 416-593-8307
	Robert Merrick Senior Communications Specialist 416-593-2315
For Investor Inquiries:	OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)