Alan Phillip Cohen

Background

Cohen, Alan Phillip was born on October 5, 1954.

Education

Graduate, University Florida.

Career

Cohen holds several degrees from the University of Florida. He founded the drug distribution firm Best Generics Incorporated. in 1984 and sold it to Florida"s Ivax Corporation in 1988 for $10 million although he stayed as president until 1990. He incorporated Andrx Pharmaceuticals Incorporated. 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 at $12 and its stock eventually soared as high as $400 a share split adjusted. 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

Cohen"s stock was worth around $700 million. Florida Panthers

In June 2001, he led a consortium of wealthy fans in purchasing the Panthers from H. Wayne Huizenga"s Boca Resorts Incorporated.

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 Incorporated. in Sunrise, Florida, to develop and manufacture drug delivery systems such as skin patches and oral sprays.

Four years later, he sold it for $235 million to Actavis Group, an international generic drug company in Iceland. In 2009, Cohen sold the Panthers to Cliff Viner.

Horse racing and breeding

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.

Achievements

• Alan Phillip Cohen has been listed as a noteworthy pharmaceutical executive, professional by Marquis Who's Who.

Connections

Married Karen Cohen.

Spouse:

Karen Cohen.