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Ivax Corp

BUSINESS
November 13, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Patents on a rainbow of branded drugs will expire in the next five years, promising a pot of profits for makers and marketers of generic drugs. The merger announced Monday between the generic-drug giant Ivax Corp. of Miami and the behemoth distributor Bergen Brunswig Corp. exemplifies steps being taken by companies throughout the industry to get ready to reap the rewards.
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BUSINESS
November 12, 1996 | JOHN O'DELL, TIMES STAFF WRITER
The proposed merger of drug distributor Bergen Brunswig Corp. and pharmaceuticals maker Ivax Corp. brings together two industry giants with wildly divergent management styles--usually a recipe for conflict. Indeed, some analysts say that Ivax founder and chairman Phillip Frost's entrepreneurial style is so strong that he could overpower Bergen Brunswig Chairman Robert E. Martini once the two men assume co-chairmanship of the merged company, to be called BBI Healthcare Inc.
BUSINESS
November 12, 1996 | BARBARA MARSH, TIMES STAFF WRITER
Orange-based Bergen Brunswig Corp., one of the nation's largest drug distributors, announced plans Monday to merge with Miami-based Ivax Corp., the largest maker of generic pharmaceuticals, in a $1.4-billion deal aimed at selling more lower-cost drugs to consumers. Ivax shareholders would own 56% of the new company, which would be called BBI Healthcare Corp. and be based in Miami.
BUSINESS
October 19, 1995 | From Associated Press
Two very different drug companies from separate parts of the globe agreed to merge Wednesday, hoping their diverse businesses will help profit growth in an era of heavy competition. The stock swap deal would unite Miami-based Ivax Corp., the biggest seller of low-cost generic drugs, and Hafslund Nycomed of Oslo.
BUSINESS
June 7, 1994
Ivax Corp. denied allegations of securities fraud contained in a lawsuit brought by the former chairman of McGaw Inc. Ivax, a Miami maker of generic drugs, said Friday that the lawsuit, filed Thursday in U.S. District Court in Santa Ana by former McGaw Chairman James M. Sweeney, is without merit. Both the corporation and Chairman Phillip Frost were named as defendants. "We intend to defend the suit vigorously," Ivax's general counsel, Armando A. Tabernilla, said in a statement.
BUSINESS
June 3, 1994
The former chairman of an Irvine medical products company filed a lawsuit Thursday in federal court against the Miami company that acquired it, accusing that company and its chairman of securities fraud, lawyers said. James M. Sweeney alleges in the lawsuit, filed in U.S. District Court in Santa Ana, that IVAX Corp. and Chairman Phillip Frost misrepresented their company's financial condition before it acquired McGaw, a maker of intravenous products, last March.
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