Business Services Industry

IVAX Comments On Recent Stock Price And Continued Purchases Under Stock Repurchase Program

Business Wire, July 3, 2002

Business Editors/Health & Medical Writers

IVAX Corporation (AMEX:IVX) (LSE:IVX.L) stated that the company is not aware of any reason for the recent decline in the market price of its common stock. Additionally, as a demonstration of management's confidence in IVAX' prospects, the company is continuing to purchase its securities under the current repurchase authorization, of which approximately 7.8 million shares remain eligible for repurchase.

IVAX Corporation, headquartered in Miami, Florida, discovers, develops, manufactures, and markets branded and brand equivalent (generic) pharmaceuticals and veterinary products in the U.S. and internationally.

Copies of this and other news releases may be obtained free of charge from IVAX' web site at http://www.ivax.com. Shareholders and prospective investors can register to automatically receive the company's press releases via email at http://www.ivax.com/ComNewsv2.htm.>

COPYRIGHT 2002 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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