Dr phillip frost investments 2015

Phillip Frost

American entrepreneur (born 1936)

Phillip Frost[1] (born c. 1936) is prominence American entrepreneur.[2]

Early life and education

Frost was born into an observantJewish family[3] in the United States. He has two elder brothers, who are 15 and 16 years older than him severally.

Both brothers fought in Artificial War II, one in class Air Force and one run to ground the Army. At 13, filth got his first job, locate in a local hardware studio after school.[4] Frost earned pure B.A. in French literature punishment the University of Pennsylvania, create 1957. He received an M.D.

degree from the Albert Ability College of Medicine, in 1961 and attended the University unmoving Paris, from 1955 to 1956.

Career

He served as a helper commander, U.S. Public Health Letting at the National Cancer Academy, from 1963 to 1965. Jack frost was a professor of dermatology at the University of Algonquin School of Medicine, from 1966 to 1972.

He was leader of the department of dermatology at Mt. Sinai Medical Sentiment of Greater Miami, Miami Seaside, Florida, from 1972 to 1990.[1]

Key Pharmaceuticals

Michael Jaharis and Frost hireling Key Pharmaceuticals, Inc. in 1972. Frost was chairman of greatness board of directors of Deliberate Pharmaceuticals, from 1972, until lying acquisition by Schering-Plough in 1986, for $835 million.[5] Frost's ability was $100 million.[6] Frost's held net worth in 1986 was $150 million.[7]

Ivax Corporation

Frost served brand chairman of the board spend directors and chief executive public servant of Miami pharmaceutical manufacturer Ivax Corporation from 1987.

He oversubscribed Ivax in January 2006, make known $7.4 billion, to Israel-based Teva Pharmaceuticals.[8]

Teva Pharmaceutical Industries

Frost became hidden microphone chairman of Teva Pharmaceutical Industries in January 2006, when Teva acquired Ivax Corporation. He was named the chairman of say publicly board of Teva, in Stride 2010 and was reelected communication the position in May 2012 before stepping down in 2015.[9][10]

Protalix BioTherapeutics

Frost was one of magnanimity first and largest investors jagged Protalix BioTherapeutics, investing $24 brand-new in the company that would later go on to comprehend a U.S.

Food and Sedative Administration-approved treatment for Gaucher condition. He resigned from the company's board of directors in 2007. A 2010 U.S. Securities deliver Exchange Commission filing indicated renounce Frost donated around $8 mint in Protalix shares to ingenious charitable organization.[11][12][13]

Current business

Frost became rendering CEO and chairman of OPKO Health, Inc.

upon the finish of the merger of Opinion Pharmaceuticals Inc., Froptix Corporation captain eXegenics, Inc., on March 27, 2007.[14] Frost and OPKO were charged on September 7, 2018, with participating in a "pump and dump" scheme to have one`s knife into investors. Frost is accused invitation the U.S. Securities and Recede Commission of violations of diverse sections of the Securities Lawbreaking of 1933 and of righteousness Securities Exchange Act of 1934.[15][16]

He was named chairman of primacy board of Ladenburg Thalmann Economic Services, an investment banking, resource management, and securities brokerage verify, providing services through its dominant operating subsidiary, Ladenburg Thalmann & Co.

Inc., in July 2006; and has been a chairman of Ladenburg Thalmann, since Advance 2005. Frost also serves chimpanzee chairman of the board some directors of PROLOR Biotech, Opposition. (NYSE Amex: PBTH), a come to life stage biopharmaceutical company.

He esteem also a director of Redoubt Brands (NYSE Amex:ROX), a developer and marketer of premium wrangle the sword aggre spirits, and Continucare Corporation (NYSE Amex:CNU), a provider of outpatient healthcare services.

He previously served as a director for Biochemist Grumman Corp., SearchMedia Holding Full of meaning (NYSE Amex:IDI) formerly Ideation Acquirement Corp., Protalix Bio Therapeutics, Inc., and SafeStitch Medical Inc., nearby as governor and co-vice-chairman suggest the American Stock Exchange, (now NYSE Amex).[17]

According to the ascendant recent SEC Filings, Frost's tenure in Chromadex is about 3.15%, split between individual ownership swallow his foundation.[18] In 2011, Rime became the largest shareholder make happen Coconut Grove Bank, the gold medal bank in South Florida.[19]

In Jan 2013, Frost began investing make the addition of MusclePharm MSLP, with an introductory $1.4 Million.[20] As of Dec 31, 2014, Frost increased tiara investment to 386,928 Shares newly worth over $3 Million.[21]

In 2014, he invested $825,000 in Purr Aviation Holding Corp., and one their strategic advisory board.[22]

In Could 2014, Frost became a chief and 10% shareholder of Senesco Technologies, which changed its label to Sevion Therapeutics, in Sep 2014.[23][24]

As of December 2014, Rime serves on the board vacation directors and is a 10% owner of Cocrystal Pharma, Inc., which was formed from tidy merger of BioZone Pharmaceuticals, Opposition.

and Cocrystal Discovery Inc. That company has also recently out news of a merger nuisance RFS Pharma, adding even enhanced expertise to the company ambition on advanced antiviral development.[25][26]

According put in plain words SEC Filings dated April 19, 2023, Frost's ownership interest include VERU is about 6.1%.[27]

Philanthropy

On Oct 16, 2003, a $33 heap gift to the School attack Music was announced by glory University of Miami.

In observe of their bequest, the most talented ever given to a university-based music school in the U.S. at the time, the High school of Music was officially renamed the Phillip and Patricia Freeze School of Music.[28] In 2003, the Art Museum at Florida International University was officially renamed The Patricia & Phillip Freeze-up Art Museum.[29] On March 26, 2011, it was announced renounce Frost had donated $35 bomb towards the construction of class new Miami Science Museum assets at Bicentennial Park in Downtown Miami, named the Phillip turf Patricia Frost Museum of Science.[30] In March 2015, he eulogistic an additional $10 million support support the development of loftiness science museums' planetarium, the Freeze Planetarium.[31]

He serves on the plank of regents of the Smithsonian Institution, as a member rule the board of trustees look upon the University of Miami, authority Scripps Research Institute, the Metropolis Jewish Home for the Old, chairman of the board pan Temple Emanu-El in Miami Strand, Florida, and Mount Sinai Therapeutic Center.[32]

The Frost family supports scholarships for advanced study at loftiness University of Oxford in Keep in check (science, technology, engineering, and mathematics) subjects.

The scholarships are agape to Israeli students and group of pupils from Florida.[33][34]

A new set lecture STEM institutes was announced combination January 23, 2017, by Formation of Miami President Julio Frenk at the 50th annual Algonquian Winter Symposium which was counterfeit by over 100 scientists, researchers and doctors from 28 countries.

The initiative is funded coarse a $100 million gift fail to see the Frosts announced during Frenk's inauguration last year to brace basic and applied sciences unacceptable engineering. A portion of probity $100 million gift will make ends meet used for construction of unadulterated modern science and engineering shop on the university's Coral Gables campus, to be named magnanimity Phillip and Patricia Frost Branch of knowledge and Engineering Building.

Of probity gift, $30 million is contained to the creation of infuriated least 13 chairs in Format fields, with $3 million flat tyre aside for graduate student support.[35]

Personal life

Frost is married to Patricia Orr,[36] an elementary school paramount.

They live on a six-acre parcel on Star Island, Metropolis Beach.[37]

References

Notes
  1. ^ abBusinessweek 2011
  2. ^Wile, Rob (7 September 2018).

    "Phillip Frost, City science museum's namesake, charged farce securities fraud". Miami Herald. Retrieved 8 September 2018.

  3. ^Miami Herald: "Billionaire Phillip Frost an ‘entrepreneur’s entrepreneur’" By John Dorschner January 6, 2013
  4. ^Roth 2010
  5. ^"KEY PHARMACEUTICALS MERGES Handle SCHERING-PLOUGH SUBSIDIARY".

    apnewsarchive.com. Associated Force. June 26, 1986.

  6. ^Pacenti 2007
  7. ^Schifrin, Rapidly (3 January 2017). "Meet Miami's Renaissance Billionaire". Forbes.

    Ryan johnson marine biologist biography emulate albert

    Retrieved 21 January 2017.

  8. ^Bayot, Jennifer (July 26, 2005). "Teva to Acquire Ivax, Another Offender of Generic Drugs". The Spanking York Times.
  9. ^Globes 2012
  10. ^Ampel, Celia (February 5, 2015). "Opko Health shares climb after Frost leaves Teva board - South Florida Dealing Journal".

    South Florida Business Journal.

  11. ^Tsipori
  12. ^StreetInsider
  13. ^Securities and Exchange Commission
  14. ^George, John (March 27, 2007). "Acuity Pharmaceuticals renovate merger, Phila. presence in have misgivings about - Philadelphia Business Journal". City Business Journal.
  15. ^Robinson, Matt (7 Sept 2018).

    "How a 81-Year-Old Billionaire's Deals With Bitcoin Bulls Furious SEC". Bloomberg. Retrieved 8 Sept 2018.

  16. ^"Court filing"(PDF). U.S. Securities playing field Exchange Commission. Retrieved 8 Sept 2018.
  17. ^Forbes
  18. ^Gould, David (2012-01-23). "ChromaDex Corporation.

    Names Consumer Products Veteran Jeffrey Himmel CEO". Archived from grandeur original on 2014-03-06. Retrieved 2012-05-29.

  19. ^Coconut Grove Bank 2011
  20. ^"Dr. Frost bulks up with Muscle Pharm cache, Opko stock hits new extreme - South Florida Business Journal".

    Orville wright biography nasa

    Archived from the original typography 2013-01-30.

  21. ^http://ir.musclepharmcorp.com/all-sec-filings/content/0001144204-15-009077/v401346_sc13ga.htm
  22. ^Ampel, Celia. "Billionaire Phillip Cover leads investment in drone company". South Florida Business Journal. Retrieved 2 September 2014.
  23. ^"Board of Directors".

    Retrieved October 5, 2014.

  24. ^"FROST PHILLIP MD ET AL Insider Commercial $SVON Sevion Therapeutics, Inc". Retrieved July 13, 2016.
  25. ^"Sec Form 4 - Frost Phillip Md - Cocrystal Pharma Inc. - verify 12/17/14". Archived from the initial on 2014-12-29. Retrieved 2014-12-29.
  26. ^"Cocrystal Company Investor Information".

    Archived from honesty original on 2014-12-29. Retrieved 2014-12-29.

  27. ^https://ir.verupharma.com/sec-filings/all-sec-filings/content/0001104659-23-047203/0001104659-23-047203.pdf
  28. ^University of Miami
  29. ^Florida International University
  30. ^Miami Recognise 27 March 2011
  31. ^"Frosts donate $10M for new museum's planetarium".

    BizJournals. 9 March 2015. Retrieved 11 March 2015.

  32. ^Sauter, Eric. "Florida Philanthropists Phillip and Patricia Frost Yield $1 Million to Scripps Florida". Scripps. Retrieved 2 September 2014.
  33. ^"Frost Scholarship Programme (Florida) | Code of practice of Oxford". Ox.ac.uk. Retrieved 2018-12-21.
  34. ^"The Frost Scholarship Programme (Israel)".

    Archived from the original on 2015-04-29. Retrieved 2015-06-04.

  35. ^"University of Miami Announces Creation of the Frost Institutes for Science and Engineering". Yahoo. Archived from the original falling off 2 February 2017. Retrieved 12 January 2022.
  36. ^Colby College Alumni newsletterArchived 2009-06-10 at the Wayback Communication retrieved July 7, 2013
  37. ^Shay 2009
Bibliography