IVAX Contributing $500,000 To Victims Of Hurricane Katrina

Business Wire, Sept 6, 2005

MIAMI -- IVAX Corporation (AMEX:IVX) (LSE:IVX.L) (WSE:IVX) announced today that it will donate $500,000 in cash and pharmaceutical products to the victims of Hurricane Katrina. IVAX' cash contribution will be made to the Salvation Army. IVAX' pharmaceutical product contribution will be made in collaboration with five major pharmacy chains to provide pharmaceutical products at no cost to those individuals living in the areas affected by Hurricane Katrina who are in need and have no prescription drug coverage. In addition, IVAX has been and will continue to donate pharmaceutical products to other customers in the affected areas.

Dr. Phillip Frost, IVAX Corporation chairman and CEO, said, "We are fortunate to be in a position to make this contribution and we encourage American industry and all our fellow Americans to be generous in their support of the victims of Hurricane Katrina's terrible devastation."

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' website at http://www.ivax.com.