Highlights
Alan Phillip Cohen is currently best known as the principal owner of the Florida Panthers hockey team, but he made his reputation in the business world as the founder of generic pharmaceutical concerns, most notably the Davie, Florida-based Andrx Corp. The entrepreneur, who still maintains a pharmacist's license, has been described by colleagues as an intense, driven man who prefers to stay out of the limelight, but his professional life has frequently thrust him into the headlines. He founded the drug distribution firm Best Generics Inc. in 1984 and sold it to Florida's Ivax Corp. in 1988 for $10 million although he stayed as president until 1990. He incorporated Andrx Pharmaceuticals Inc....
Alan Phillip Cohen is currently best known as the principal owner of the Florida Panthers hockey team, but he made his reputation in the business world as the founder of generic pharmaceutical concerns, most notably the Davie, Florida-based Andrx Corp. The entrepreneur, who still maintains a pharmacist's license, has been described by colleagues as an intense, driven man who prefers to stay out of the limelight, but his professional life has frequently thrust him into the headlines. He founded the drug distribution firm Best Generics Inc. in 1984 and sold it to Florida's Ivax Corp. in 1988 for $10 million although he stayed as president until 1990. He incorporated Andrx Pharmaceuticals Inc. in 1992 as a private company. The new firm grew through the production of generic drugs when patents expired and drugs using the company's time-release technology. In 1996, the company went public and its stock eventually soared as high as $100 a share. In August 2000, Cohen sold 500,000 shares of Andrx stock for $43 million with the stated goal of leaving the company and bankrolling the purchase of a professional sports team. In June 2001, he led a consortium of wealthy fans in purchasing the Panthers from H. Wayne Huizenga's Boca Resorts Inc. He did not initially plan to leave Andrx until a successor was found to lead the firm. But he resigned that October, saying he was comfortable with the existing management. He stayed on briefly as a co-chairman of the board of directors. The company's stock fell in the years after his departure to as low as the $20-a-share range. In less than a year, Cohen said he missed the pharmaceutical business. In 2002, he created Abrika Pharmaceuticals Inc. in Sunrise, Florida, to develop and manufacture drug delivery systems such as skin patches and oral sprays. Four years later, he sold it for $110 million to Actavis Group, an international generic drug company in Iceland. He was born October 5, 1954. Cohen holds several degrees from the University of Florida. He and his wife, Karen, live in Weston. Since 2003, one of his hobbies has been racing and breeding horses on his Arindel Farms in Ocala, Florida. Cohen's interest was sparked in his youth accompanying his father to racetracks in New York and spending summers as a young man betting on horses at the Calder racetrack. One of his horses, Wait A While, competed in a Breeder's Cup race at Churchill Downs in 2006.
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real estate transactions
Forum Publishing GroupDelray Beach July 22 •915 SW 15th St, #2010 $58,000 Sellers: Theodore Wachtel and Susan P Wachtel Buyers: John M Kurczewski, Theresa K Kurczewski, and Andrew Kurczewski •2035 NW 16th St $250,000 Seller: Dennis D Lee Buyers:...Tags: Real Estate Transactions, Real Estate Buyers, Real Estate Sellers, Delray Beach, Deutsche Bank AG
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Journeying beyond vacation
Chicago Tribune critic"Are we there yet?" is the impatient cry of children engaged in travel. It implies a destination but also shows uncertainty about what that is. It suggests the children know where they're going only when they arrive, and ultimately that may be less...Tags: Death and Dying, Photography, Vacations
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Peter DeBoer must sell Florida Panthers on pride
Nearly every weakness can be sold as strength. Before Peter DeBoer could make his first line change from an NHL bench, the successful junior coach had to persuade a potential employer to overlook his relative inexperience. Never played at this level....Tags: Government, National Hockey League, Olli Jokinen, Public Employees, National Basketball Association
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Clinton highlights health care, security
Sun reportersAppearing before thousands of enthusiastic supporters at Bowie State University last night, Sen. Hillary Clinton stressed her proposals for the economy and health care in a final burst of campaigning before tomorrow's Maryland primary. At another...Tags: Elections, Health and Safety at School, Barack Obama, Government, Minority Groups
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Broadway beckons; Is your child ready?
Special to NewsdayShould your 6-year-old be in the audience when Mary Poppins alights on stage at the New Amsterdam Theatre on Saturday? Is your 4-year-old ready to watch later this month as the Grinch, in all his furry green glory, tries to steal Christmas from the warm-...Tags: Long Island University, Brookville, Long Island, Broadway, Long Island Rail Road
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Finish line faces new challenges in pending acquisition
Tribune Media Services columnistQ:What do you think of my shares of Finish Line Inc.? Will the company's recent acquisition help or hinder it? -- F.M., via the Internet A: Success doesn't always breed success. The giant footwear retailer was successful recently in outmaneuvering rival...Tags: Foot Locker Incorporated, National Government, Personal Investing, Government, Mergers, Acquisitions and Takeovers
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Shock and grief echo Challenger disaster, Sept. 11
Sun StaffFew people even knew that the space shuttle Columbia had taken off two weeks ago, a routine launch that failed to capture the hearts and imaginations of Americans who once held their breath at every takeoff and landing. But as a morning of shock slid...Tags: Real Estate Agents, National Government, Government, George Bush, Lyndon B. Johnson
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January 5, 2001
Dear Tom, Yesterday I heard a TV weather forecaster say that the high for the day 16° was just about half the normal 33° high. Would you comment on the correctness of taking temperature ratios such as this. Alan Cohen, Highland Park Ill. Dear Alan,...Tags: Highland Park (Cook, Illinois)
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Sarah Aroeste's modern sonic spin on tradition
When singer Sarah Aroeste was growing up in Princeton, N.J., she felt different from her neighbors for the same reasons as many American Jews. She did not celebrate the popular Christian holidays and her grandparents originally spoke another language. But...Tags: Shakira, Culture, Classical Music, Evanston, Folk Music
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Boom to Bust (3/26/01)
Staff WriterSecond of two parts In the spring of 1997, federal prosecutor Joel M. Cohen and FBI agent Gregory A. Coleman met in Cohen's Brooklyn office. Both were frustrated by the government's inability to bring criminal securities fraud charges against Jordan...Tags: Prosecution, Stock Broking, Vehicles, Long Island, Banking
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Feb 2, 2003
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Mar 26, 2001
|Story| Newsday
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