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Eugene Melnyk founded Biovail Corporation in 1989 and retired as the company’s chairman on June 30, 2007.  Biovail is a specialty pharmaceutical company that focuses on researching and developing some of the most advanced drug delivery technologies in the world.  Biovail has commercialized over 40 products in North America and a number of products throughout 55 other countries, both directly and through strategic marketing partnerships.  The company maintains an active research pipeline and its proprietary technology platforms are currently being applied to a variety of products at varying stages of development.


As chairman and its former CEO, Eugene has led Biovail through exceptional revenue growth of $19 million (US) in 1995 to $1.067 billion (US) in 2006.  Biovail is a publicly traded company on both the New York and Toronto stock exchanges and employs over 1,700 people worldwide with commercial operations in Canada, the United States, Puerto Rico, Ireland and Barbados.


Prior to forming Biovail, Eugene created a medical publishing company called Trimel Corporation that he founded in 1982 and later sold to Thomson Corporation in 1989.


Apart from his strong desire to succeed in business, Eugene is also a passionate sports fan focusing much of this passion towards two sports; hockey and horse racing.


In August 2003, Eugene assumed the role of sole owner, governor and chairman of the National Hockey League’s Ottawa Senators Hockey Club and Scotiabank Place, the team’s 20,500-seat world-class entertainment complex and arena.


He is the sole owner of the Ontario Hockey League’s (OHL) Mississauga St. Michael’s Majors junior hockey team.  As owner of the Majors, he has brought long-term financial stability to the organization helping to make it one of the top teams in the OHL.  




 

BIOGRAPHY

His support for junior hockey extends far beyond team ownership.  Eugene chaired the bid group representing Ottawa and the National Capital Region in its successful selection by Hockey Canada and the International Ice Hockey Federation (IIHF) to host the IIHF 2009 World Junior Hockey Championship.  As a result, Eugene is now serving as the chairman of the Host Committee responsible for overseeing the implementation of this major international hockey tournament.

Eugene has quickly become one of North America’s most successful thoroughbred breeders and owners.  In 2001, Eugene was looking for a major property to consolidate his thoroughbred training operations.  He subsequently purchased the prestigious Mockingbird Farm in Ocala, Florida from Harry T. Mangurian Jr.  Shortly after purchasing this property, Eugene renamed it Winding Oaks Farm and worked tirelessly to restore the 1,000-acre estate back to its original glory and tradition as a state-of-the art thoroughbred training facility. 


Winding Oaks Farm is now home to Melnyk Racing Stables which has become one of the top thoroughbred racing stables in North America.  The farm employs a staff of 90 and is home to over 550 thoroughbred horses including such notable legends as Archers Bay, winner of the 1998 Queen's Plate, the 1998 Prince of Wales Stake, and the 1998 Sovereign Award as Canada’s top three-year old colt.  Speightstown, the son of legendary Gone West, has won the 2004 Breeders’ Cup Sprint and the 2004 Sprint Eclipse Award. In 2005, his horse Flower Alley won the Travers and in 2007, Marchfield won the Breeders’ Stakes. Other Graded Stakes winners amongst Eugene’s Winding Oaks stable include Graeme Hall, Tweedside, Harmony Lodge, Strong Hope, Host (CHI), Fisher Pond, Marley Vale, Lodge Hill, Pico Teneriffe and Sealy Hill.


His achievements and meritorious contributions to the sport of thoroughbred racing led him to be named the co-recipient of the 2002 Joe Palmer Award issued by the National Turf Writers Association.  Eugene currently sits on the Board of Directors of the Thoroughbred Owners and Breeders Association (TOBA). In 2005, Eugene and his wife Laura were awarded TOBA’s National Owners of the Year Award.


Eugene continues to support a variety of community-based causes focusing his philanthropy on children, health care and education.  Working closely with New York’s Belmont Child Care Association, Eugene donated $1 million to build a unique and much needed child care facility on the grounds of Belmont Park racetrack.  This facility, called “Anna House”, is named after one of Eugene’s two daughters.  The facility offers child care services for all families who work at Belmont Park regardless of their ability to pay for these services.


Eugene serves on the National Hockey League Board of Governors, as well as the Board of Directors of the Ottawa Senators Foundation, the second largest charity in Canada’s national capital.  His involvement with this Foundation has led him to become a Founding Partner of an ambitious and innovative $4.5 million pediatric palliative care facility in Ottawa called Roger’s House which he helped to officially open in April 2006 and is only the second facility of its kind in North America.  He also hosts an annual kids skate in Ottawa where he donates brand new helmets and skates to hundreds of local underprivileged children.


He is a significant donor to St. Michael’s College School in Toronto, Ontario and the Richard Ivey School of Business at Western University in London, Ontario where he established the Laura Melnyk Scholarship Fund.  He has also been recognized for making the single, largest private donation in the 86-year history of St. Joseph’s Health Centre, a hospital based in Toronto where Eugene’s late father worked as an emergency room physician.


In April 2007, Eugene made a special surprise visit to Kandahar, Afghanistan to deliver a special donation of hockey equipment to Canadian and United States troops involved in the NATO rebuilding efforts in that country.


Eugene is an honorary director of Help Us Help the Children, a humanitarian organization that benefits from his annual donation of medical supplies and clothing.  The organization, founded in Canada, helps to offer vital care to over 100,000 children living in 220 orphanages scattered throughout Ukraine.  In addition, Eugene holds a number of other philanthropic appointments including serving as Patron of the Hnatyshyn Foundation, Honorary Director of the Belmont Child Care Association, Director of the Grayson Jockey Club Research Foundation, Honorary Patron of the St. Joseph’s Health Centre Foundation, Patron of the annual Barbados-Canada Charity Ball, Honorary Chair of the Canadian Ukrainian Care Centre’s capital campaign and Founding Donor of CAN Fund’s Patron of Sport campaign in support of Canadian athletes.


Eugene resides in Barbados with his wife Laura and their two daughters, Anna and Olivia.


As of August 2007.