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  • November 2006
  • Case
  • HBS Case Collection

Selling Biovail Short

By: Malcolm P. Baker, Chris Lombardi and Aldo Sesia
  • Format:Print
  • | Pages:14
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Abstract

Hedge fund SAC Capital and analysts from Gradient Analytics and Banc of America face charges of stock price manipulation from Biovail, a Canadian pharmaceutical company. Gradient and BofA produced negative reports on Biovail's earnings quality. At the same time, SAC built a large short position in the stock. The defendants must consider specific and general strategic responses to these allegations.

Keywords

Stock Shares; Investment Banking; Asset Pricing; Financial Strategy; Crime and Corruption; Pharmaceutical Industry; Financial Services Industry; Canada

Citation

Baker, Malcolm P., Chris Lombardi, and Aldo Sesia. "Selling Biovail Short." Harvard Business School Case 207-071, November 2006.

About The Author

Malcolm P. Baker

Finance
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