IVAX Corporation, Miami
David Malina, 305-575-6043

  IVAX Names Ambassador Paul L. Cejas And Bruce W. Greer To Board Of
                               Directors

IVAX Corporation (AMEX:IVX) (LSE: IVX.L) announced the appointment of
Ambassador Paul L. Cejas and Bruce W. Greer to its Board of Directors.

Ambassador Cejas served as the U.S. Ambassador to Belgium from October
1998 to March 2001. A resident of Miami, Florida, Mr. Cejas has been a
business and civic leader in the South Florida community for more than
thirty years. Upon his return to the U.S., he resumed responsibilities
as Chairman and CEO of PLC Investments, Inc., a wholly owned company
that manages investments in real estate and venture capital projects.
Mr. Cejas was founder, Chairman and CEO of Care Florida Health
Systems, Inc., one of the country's largest Hispanic-owned healthcare
companies prior to its sale in 1994. Mr. Cejas was recognized as one
of the top CEOs in Florida by Florida Trend Magazine and other
publications.

Mr. Cejas served eight years on the Miami-Dade County School Board,
five years as its Chairman; on the Board of Regents of Florida State
University System and chairman of its Finance and Budget Committee; as
a trustee of the United Way; as a director of the Center for National
Policy, Washington, D.C.; and as chairman of the United Negro College
Fund Campaign. He has recently been appointed to serve on the
Smithsonian Institution National Board. Mr. Cejas was graduated from
the University of Miami with a B.B.A. in Accounting; he has also
received a Doctorate "Honoris Causa" for Public Service from Florida
International University.

Bruce W. Greer is a partner of the Miami-based Carlisle Group, a
developer of affordable and multi-family housing, that has planned,
developed and currently manages thousands of multi-family units
throughout Florida. Mr. Greer is an attorney who has practiced
commercial litigation since 1973 and has been chief counsel in many
high profile cases in various Federal and State courts. He has been
listed in every edition of The Best Lawyers in America since its
inception in 1987. Since 1993, Mr. Greer has been appointed by a
number of United States District Court judges to mediate many complex
commercial cases in the Federal Courts. Mr. Greer is President of the
Board of Trustees of Fairchild Tropical Gardens, Coral Gables,
Florida. He was graduated with honors from the University of Florida
and the Columbia University School of Law.

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.