SCHEDULE 14A INFORMATION

                Proxy Statement Pursuant To Section 14(a) Of
                    The Securities Exchange Act Of 1934

Filed by the Registrant [X]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[_]  Preliminary Proxy Statement
[_]  CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY
     RULE 14A-6(E)(2))
[_]  Definitive Proxy Statement
[X]  Definitive Additional Materials
[_]  Soliciting Material Pursuant to Section 240.14a-12

                         ICN Pharmaceuticals, Inc.
          --------------------------------------------------------
              (Name of Registrant as Specified in its Charter)

                                    N/A
          --------------------------------------------------------
  (Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):

[X]  No fee required.
[_]  Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

     (1) Title of each class of securities to which transaction applies:
     -------------------------------------------------------------------
     (2) Aggregate number of securities to which transaction applies:
     -------------------------------------------------------------------
     (4) Proposed maximum aggregate value of transaction:
     -------------------------------------------------------------------
     (5) Total fee paid:
     -------------------------------------------------------------------
[_] Fee paid previously with preliminary materials.

[_] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.

     (1) Amount Previously Paid:
     -------------------------------------------------------------------
     (2) Form, Schedule or Registration Statement No.:
     -------------------------------------------------------------------
     (3) Filing Party:
     -------------------------------------------------------------------
     (4) Date Filed:
     -------------------------------------------------------------------


Following is the text of a press release issued by ICN Pharmaceuticals, Inc.
on May 8, 2001:

ICN PHARMACEUTICALS REPORTS SCHERING-PLOUGH SUBMITS NEW DRUG APPLICATION IN
JAPAN (J-NDA) FOR REBETOL(R) IN COMBINATION WITH INTERFERON ALFA-2B FOR CHRONIC
HEPATITIS C

COSTA MESA, Calif., May 8 /PRNewswire/ -- ICN Pharmaceuticals, Inc. (NYSE:
ICN - news) said that Schering-Plough Corporation (NYSE: SGP - news) today
announced that Schering-Plough K.K., the company's subsidiary in Japan, has
submitted a New Drug Application (J-NDA) to the Ministry of Health, Labor
and Welfare (MHLW) seeking marketing approval for REBETOL(R) (ribavirin)
Capsules for use in combination with interferon alfa-2b (recombinant)
injection (INTRON(R) A) for the treatment of chronic hepatitis C. Upon
approval, REBETOL and INTRON A will be the first combination therapy
approved in Japan for treating patients with chronic hepatitis C.

REBETOL is an oral formulation of ribavirin, which was discovered and
developed by scientists at ICN Pharmaceuticals as a synthetic nucleoside
analog with broad-spectrum antiviral activity. Schering-Plough has
exclusive worldwide rights to market oral ribavirin for hepatitis C through
a licensing agreement with ICN Pharmaceuticals.

Schering-Plough K.K. currently markets INTRON(R)A in Japan as monotherapy
for chronic hepatitis C, chronic hepatitis B and several cancer
indications.

It is estimated that hepatitis C affects some 2 million people in Japan,
according to MHLW. It is the leading cause of chronic liver disease,
cirrhosis and hepatocellular carcinoma in Japan, and is associated with an
estimated 40,000 to 50,000 deaths there annually. Hepatitis C is one of the
most common reasons for liver transplant in major world markets, according
to a study conducted by the World Health Organization (WHO).

THE SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995. This press release contains forward-looking statements that
involve risks and uncertainties, including but not limited to, projections
of future sales, operating income, returns on invested assets, regulatory
approval processes, and other risks detailed from time to time in the
Company's Securities and Exchange Commission filings.

ICN is an innovative, research-based global pharmaceutical company that
manufactures, markets and distributes a broad range of prescription and
non-prescription pharmaceuticals under the ICN brand name. Its therapeutic
focus is on anti-infectives, including anti-virals, dermatology and
oncology. Additional information is also available on ICN's website at
http://www.icnpharm.com.