Exhibit 15.1
                    REVIEW REPORT OF INDEPENDENT ACCOUNTANTS





The Board of Directors of
ICN Pharmaceuticals, Inc.

We have reviewed the accompanying  consolidated  condensed  balance sheet of ICN
Pharmaceuticals,  Inc. and subsidiaries as of September 30, 1998 and the related
consolidated  condensed  statements of income and  comprehensive  income for the
three  and  nine  month  periods  ended  September  30,  1998  and  1997 and the
consolidated  condensed  statements  of cash  flows  for the nine  months  ended
September 30, 1998 and 1997. These consolidated  condensed financial  statements
are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and making  inquiries of persons  responsible  for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to be in conformity with generally accepted accounting principles.

We have  previously  audited,  in accordance  with generally  accepted  auditing
standards,  the  consolidated  balance  sheet as of December 31,  1997,  and the
related consolidated statements of income,  stockholders' equity, and cash flows
for the year then ended (not presented herein); and in our report dated March 5,
1998, which included an emphasis of matter  paragraph  relating to the Company's
net monetary assets at ICN Yugoslavia which would be subject to foreign exchange
loss if a  devaluation  of the  Yugoslavian  dinar were to occur,  as more fully
described in Note 14 to the consolidated  financial statements,  we expressed an
unqualified opinion on those consolidated financial statements.  In our opinion,
the  information  set forth in the  consolidated  condensed  balance sheet as of
December 31, 1997, is fairly stated,  in all material  respects,  in relation to
the consolidated balance sheet from which it has been derived.

/S/  PRICEWATERHOUSECOOPERS LLP

PricewaterhouseCoopers LLP
Newport Beach, California
November 9, 1998