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. Isaac Kaye earned $550,301 at IVAX in 1998 (plus share options worth up to $1.5 million) and $521,520 in 1997.[1]. In 2006 IVAX was aquired by Teva which is described as 'Israel's largest company'.[2] The aquisition is reported to have created 'the world's largest generics company'.[3].
Kaye is reported to have stepped down as chairman of Norton Healthcare in 2003[4]. 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.
People
Aquisitions
In 2004, IVAX is reported to have aquired ChemSource Corporation (which is based in Puerto Rico)[5] .
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'[6].
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'[7].
Brands, Divisions and Affiliates
- [[Norton Hea
In 2004, Plunkett's Health Care Industry Almanac reports the following 'Brands/Divisions/Affiliates' of IVAX[8]...
- Airmax
- Easi-Breathe
- Paxene
- Paxoral
- TP-38
- ChemSource Corporation
- IVAX Pharmaceuticals Inc.
- Novartis Pharma AG
References
- ↑ Ref needed
- ↑ Teva, IVAX Acquisition, accessed 23 May 2008
- ↑ Maguire K (2002) Profile:Isaac Kaye The Guardian 13th April 2002. Accessed 4th April 2008
- ↑ Brogan, 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. 'IVAX Corporation.' January 2004
- ↑ Plunkett's Health Care Industry Almanac. 'IVAX Corporation.' January 2004
- ↑ 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
- ↑ Plunkett's Health Care Industry Almanac. 'IVAX Corporation.' January 2004
