IVAX Corporation

The Ivax Corporation is a huge Florida-based health company. Norton Healthcare, the largest generic drugs company in Britain, is a subsidiary of IVAX. Norton's Head Office is located London's Docklands and, according to Chairman and CEO Isaac Kaye, it was positioned there 'owing to the area's proximity to the City of London and to the European Medicines Evaluation Agency'Hermes Database '300% Increase In New Jobs Created By US Investment' 16th June 1999 
Isaac Kaye earned $550,301 at IVAX in 1998 (plus share options worth up to $1.5 million) and $521,520 in 1997.Ref needed. In 2006 IVAX was aquired by Teva which is described as 'Israel's largest company'.Teva, IVAX Acquisition, accessed 23 May 2008 The aquisition is reported to have created 'the world's largest generics company'.Maguire K (2002) Profile:Isaac Kaye The Guardian 13th April 2002. Accessed 4th April 2008.
Kaye is reported to have stepped down as chairman of Norton Healthcare in 2003Brogan, B. & Gysin, C. (2008) Hain faces sack in sleaze inquiry; He could be barred - but Brown might fire him first. The Daily Mail (London). 12th January 2008. Plunkett's Health Care Industry Almanac reports IVAX profits totalling $243,200,000 for 2001, $131,000,000 for 2000 and $70,700,000 for 1999. Their sales totals were $1,215,400,000, $793,400,000, and $656,500,000 respectively.
In 2001, IVAX is reported to have 'achieved record earnings of $1.2bn'McGee, H. (2002) 'Alleged fraud firm linked to millionaire with Irish passport'. Sunday Tribune (Ireland). 14th April 2002 
==People==
*Isaac Kaye
In 2003, the following people are reported as serving IVAX...
* Frank Condella - Managing Director in the UK Company News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Dan Weiner - Senior Vice President for Global Clinical DevelopmentFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003
* Steve Marcus - Senior Vice President for Proprietary Pharmaceutical Business DevelopmentFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003.
* Nick Vodar - Director of Drug Discovery and the Director of IVAx's Institute for Drug Research in Budapest, HungaryFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003.
* Betty Amos - Board member. Amos is the owner and president of The Abkey Companies and a franchisee of Fuddruckers restaurantsCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003.
* Mitch Medique - Board member. Medique also serves on the board of several public companies (including National Semiconductor and Carnival Corporations)FD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003. He is also a past chairman of The Beacon Council (Miami's economic development authority)Company News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Burt Pitt. Pitt is also a professor of cardiology at the University of Michigan School of MedicineFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003.
* Philip Frost - Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Neil Flanzraich - Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Jane Hsiao - Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Mark Andrews - Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Ernst Biekert- Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Jack Fishman- Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* Richard Pfenniger Jr. - Board member Company News 'IVAX Corporation - Directorate Change'. 22nd April 2003
* David Lieberman - Board memberCompany News 'IVAX Corporation - Directorate Change'. 22nd April 2003
IVAX's Board of Directors in 2002 are reported as includingBusiness Wire 'IVAX Announces Results of 2002 Annual Shareholders' Meeting'. 27th June 2002...
* Neil Flanzraich - Vice Chairman and President of IVAX Corporation
* Jane Hsiao - Vice Chairman of Technical Affairs and Chief Technical Officer of IVAX Corporation.
* Mark Andrews - President of Great Spirits Company.
* Ernst Biekert - Professor of Chemistry at the University of Heidelberg.
* Charles M Fernandez - President and Chief Executive Officer of Big City Radio.
* Jack Fishman - Director of Research at Strang Cancer Research Laboratory
* Richard C Pfenniger Jr. - Chief Executive Officer and Director of Whitman Education Group, Inc.
==Aquisitions and Partnerships==
In 2004, IVAX is reported to have aquired ChemSource Corporation (which is based in Puerto Rico) Plunkett's Health Care Industry Almanac. 'IVAX Corporation.' January 2004 .
ChemSource is reported to have 'recently entered into a license agreement with Novartis Pharma AG to utilize the patented multi-dose dry powder inhaler, Airmax, for Novartis's trademarked medicines Foradil and Miflonide in the European Union and certain other countries' Plunkett's Health Care Industry Almanac. 'IVAX Corporation.' January 2004.
In 2002, it is reported that IVAX 'established a company in France by acquiring Merck Sharp & Dohme's portfolio of generic products thereFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003.
==Litigation==
In July 2003, Business Wire reports that IVAX 'received the first of a series of payments from B Braun Melsungen AG, under a number of agreements, for certain patent and product rights and for settlement of litigation'Business Wire 'IVAX Reports Increased Revenues and Net Income for 2nd Quarter of 2003; 2Q2003 Net Revenues Up 22% to $343 Million, Net Income Up 30% to $41.3 Million' 30th July 2003. Miami. No further details were disclosed.
In 2003, Thomas Beier, Senior Vice President and Chief Financial Officer for IVAX reported 'Operating expenses' which included a $6.6 million legal settlementFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003. No further details were disclosed.
==Subsidiaries and Brands==
The IVAX Corporation's other subsidiaries include Zenith Goldline Pharmaceuticals, Goldcaps Inc., Diamedix Corporation, Baker Norton Pharmaceuticals, Immunovision and DVM Pharmaceuticals (all based in Florida), Gelkaps GmbH (Germany), Elvetium S.A. (Argentina), Baker Norton Asia (Hong Kong), Delta Biologicals (Italy) and Galena a.s. Opava (Czech Republic).
In 2002, IVAX is reported to have 'recently' aquired Puerto Rican based company ChemSource (Which develops, manufactures and sells active pharmaceutical ingredients for a variety of pharmaceuticals products)Plunkett's Health Care Industry Almanac (2002) 'Individual Data Profiles On Each Of THE HEALTH CARE 500'. January 2004
In 2002, it is also reported that IVAX 'established a company in France by acquiring Merck Sharp & Dohme's portfolio of generic products thereFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003. IVAX also 'entered into a collaboration with Novartis' in order to market IVAX's Airmax multidose dry powder inhalerFD (Fair Disclosure) Wire 'Q1 2003 Ivax Earnings Conference Call - Final'. 24th April 2003.
In 2002, Plunkett's Health Care Industry Almanac describes IVAX's 'Brands/Divisions/Affiliates' asPlunkett's Health Care Industry Almanac (2002) 'Individual Data Profiles On Each Of THE HEALTH CARE 500'. January 2004...
* Airmax
* Easi-Breathe
* Paxene
* Paxoral
* TP-38
* ChemSource Corporation.
* IVAX Pharmaceuticals Inc.
===Brands, Divisions and Affiliates===
*Norton Healthcare
In 2004, Plunkett's Health Care Industry Almanac reports the following 'Brands/Divisions/Affiliates' of IVAX Plunkett's Health Care Industry Almanac. 'IVAX Corporation.' January 2004... 
* Airmax
* Easi-Breathe
* Paxene
* Paxoral
* TP-38
* ChemSource Corporation
* IVAX Pharmaceuticals Inc.
* Novartis Pharma AG
In 2001, IVAX announced that it had acquired 99.9% of the shares of Laboratorio Chile S.AThe Regulatory News Service 'IVAX Corporation - Letter to shareholders'. 20th September 2001
IVAX acquired Laboratorios Elmor S.A. in 2000 (located in Caracas, Venezuela)The Regulatory News Service 'IVAX Corporation - Letter to shareholders'. 20th September 2001
In 1996, IVAX merged with the Bergen Brunswig Corporation(which provided American wide distribution of pharmaceuticals and medical-surgical supplies to
chain and independent pharmacies, hospitals, HMOs, nursing homes, clinics and physician groups) to create BBI Healthcare. Business Wire. 'BERGEN BRUNSWIG AND IVAX SIGN $ 3.2 BILLION DEFINITIVE MERGER AGREEMENT'. 11th November 1996
In 1991, Baker Cummins Pharmaceuticals is reported to be one of IVAX's 'principal' subsidiaries. It is 50% owned by Union CarbinePR Newswire 'IVAX HOLDS ANNUAL MEETING OF STOCKHOLDERS'. 28th October 1991
==References==
Category:Pharmaceutical Industry