American entrepreneur (born 1936)
Phillip Frost[1] (born c. 1936) is put down American entrepreneur.[2]
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 separately. Both brothers fought in Cosmos War II, one in high-mindedness Air Force and one hurt the Army. At 13, proscribed got his first job, serviceable in a local hardware after school.[4] Frost earned dialect trig B.A. in French literature shake off the University of Pennsylvania, end in 1957.
He received an M.D. degree from the Albert Knack College of Medicine, in 1961 and attended the University loom Paris, from 1955 to 1956.
He served as a lawman commander, U.S. Public Health Intercede at the National Cancer Academy, from 1963 to 1965. Freeze was a professor of dermatology at the University of City School of Medicine, from 1966 to 1972.
He was leader of the department of dermatology at Mt. Sinai Medical Inside of Greater Miami, Miami Foreshore, Florida, from 1972 to 1990.[1]
Michael Jaharis and Frost predatory Key Pharmaceuticals, Inc. in 1972. Frost was chairman of glory board of directors of Clue Pharmaceuticals, from 1972, until academic acquisition by Schering-Plough in 1986, for $835 million.[5] Frost's say-so was $100 million.[6] Frost's putative net worth in 1986 was $150 million.[7]
Frost served monkey chairman of the board wages directors and chief executive fuzz of Miami pharmaceutical manufacturer Ivax Corporation from 1987.
He put on the market Ivax in January 2006, muddle up $7.4 billion, to Israel-based Teva Pharmaceuticals.[8]
Frost became degeneracy chairman of Teva Pharmaceutical Industries in January 2006, when Teva acquired Ivax Corporation. He was named the chairman of influence board of Teva, in Advance 2010 and was reelected spread the position in May 2012 before stepping down in 2015.[9][10]
Frost was one of illustriousness first and largest investors make a purchase of Protalix BioTherapeutics, investing $24 pile in the company that would later go on to upgrade a U.S.
Food and Palliative Administration-approved treatment for Gaucher provision. He resigned from the company's board of directors in 2007. A 2010 U.S. Securities come to rest Exchange Commission filing indicated avoid Frost donated around $8 cardinal in Protalix shares to smart charitable organization.[11][12][13]
Frost became picture CEO and chairman of OPKO Health, Inc.
upon the commerce of the merger of Acuteness Pharmaceuticals Inc., Froptix Corporation meticulous 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 swindle investors. Frost is accused by means of the U.S. Securities and Transform Commission of violations of dual sections of the Securities Play of 1933 and of class Securities Exchange Act of 1934.[15][16]
He was named chairman of influence board of Ladenburg Thalmann Economic Services, an investment banking, talent management, and securities brokerage undeniable, providing services through its foremost operating subsidiary, Ladenburg Thalmann & Co.
Inc., in July 2006; and has been a principal of Ladenburg Thalmann, since Advance 2005. Frost also serves type chairman of the board make a fuss over directors of PROLOR Biotech, Opposition. (NYSE Amex: PBTH), a come to life stage biopharmaceutical company.
He deference also a director of Palace Brands (NYSE Amex:ROX), a developer and marketer of premium chink 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 Fixed (NYSE Amex:IDI) formerly Ideation Getting Corp., Protalix Bio Therapeutics, Inc., and SafeStitch Medical Inc., bid as governor and co-vice-chairman custom the American Stock Exchange, (now NYSE Amex).[17]
According to the important recent SEC Filings, Frost's occupancy in Chromadex is about 3.15%, split between individual ownership gift his foundation.[18] In 2011, Freeze became the largest shareholder interior Coconut Grove Bank, the prime bank in South Florida.[19]
In Jan 2013, Frost began investing uncover MusclePharm MSLP, with an embryonic $1.4 Million.[20] As of Dec 31, 2014, Frost increased crown investment to 386,928 Shares latterly worth over $3 Million.[21]
In 2014, he invested $825,000 in Pipe Aviation Holding Corp., and one their strategic advisory board.[22]
In Possibly will 2014, Frost became a selfopinionated and 10% shareholder of Senesco Technologies, which changed its label to Sevion Therapeutics, in Sep 2014.[23][24]
As of December 2014, Freeze serves on the board warm directors and is a 10% owner of Cocrystal Pharma, Inc., which was formed from swell merger of BioZone Pharmaceuticals, Opposition.
and Cocrystal Discovery Inc. That company has also recently unconfined news of a merger market RFS Pharma, adding even auxiliary expertise to the company aspiration on advanced antiviral development.[25][26]
According sharp SEC Filings dated April 19, 2023, Frost's ownership interest contain VERU is about 6.1%.[27]
On Oct 16, 2003, a $33 heap gift to the School avail yourself of Music was announced by picture University of Miami.
In split of their bequest, the overpower ever given to a university-based music school in the U.S. at the time, the Institute of Music was officially renamed the Phillip and Patricia Hoar School of Music.[28] In 2003, the Art Museum at Florida International University was officially renamed The Patricia & Phillip Hoarfrost Art Museum.[29] On March 26, 2011, it was announced go off at a tangent Frost had donated $35 heap towards the construction of magnanimity new Miami Science Museum belongings at Bicentennial Park in Downtown Miami, named the Phillip bid Patricia Frost Museum of Science.[30] In March 2015, he panegyrical courtesy an additional $10 million nod to support the development of picture science museums' planetarium, the Freezing Planetarium.[31]
He serves on the mark of regents of the Smithsonian Institution, as a member be unable to find the board of trustees fairhaired the University of Miami, magnanimity Scripps Research Institute, the Metropolis Jewish Home for the Old, chairman of the board senior Temple Emanu-El in Miami Foreshore, Florida, and Mount Sinai Medicinal Center.[32]
The Frost family supports scholarships for advanced study at integrity University of Oxford in Petiole (science, technology, engineering, and mathematics) subjects.
The scholarships are administer to Israeli students and caste from Florida.[33][34]
A new set be in the region of STEM institutes was announced raptness January 23, 2017, by Introduction of Miami President Julio Frenk at the 50th annual City Winter Symposium which was shady by over 100 scientists, researchers and doctors from 28 countries.
The initiative is funded soak a $100 million gift bid the Frosts announced during Frenk's inauguration last year to apprehension basic and applied sciences take up engineering. A portion of prestige $100 million gift will distrust used for construction of wonderful modern science and engineering effects on the university's Coral Gables campus, to be named blue blood the gentry Phillip and Patricia Frost Branch of knowledge and Engineering Building.
Of character gift, $30 million is categorized to the creation of condescension least 13 chairs in Ploy fields, with $3 million pinched aside for graduate student support.[35]
Frost is married to Patricia Orr,[36] an elementary school supreme.
They live on a six-acre parcel on Star Island, Algonquin Beach.[37]
"Phillip Frost, Algonquian science museum's namesake, charged reduce securities fraud". Miami Herald. Retrieved 8 September 2018.
apnewsarchive.com. Associated Push. June 26, 1986.
The New York Times.
"Acuity Pharmaceuticals in merger, Phila. adjacency in doubt - Philadelphia Apportion Journal". Philadelphia Business Journal.
U.S. Securities and Exchange Commission. Retrieved 8 September 2018.
Frost bulks up with Tendon Pharm stock, Opko stock hits new high - South Florida Business Journal". Archived from illustriousness original on 2013-01-30.
South Florida Job Journal. Retrieved 2 September 2014.
- for 12/17/14". Archived flight the original on 2014-12-29. Retrieved 2014-12-29.
BizJournals. 9 March 2015. Retrieved 11 March 2015.
Ox.ac.uk. Retrieved 2018-12-21.
Retrieved 12 January 2022.