Alan_Cohen

Alan Cohen

Alan Cohen

American ice hockey executive

For the former co-owner of the Boston Celtics and the New Jersey Nets, see Alan N. Cohen. For the American CEO, see Alan L. Cohen.

Alan Phillip Cohen (born October 5, 1954) is an American businessman, best known for his ownership of the Florida Panthers hockey team and his founding of several generic pharmaceutical companies, most notably the Davie, Florida-based Andrx Corp. Cohen.

Quick Facts Born, Education ...

Biography

In 1984, he founded the drug distribution firm Best Generics Inc.[1] and sold it to Florida's Ivax Corporation in 1988 for $10 million although he stayed on as President until 1990. In 1992, he founded Andrx Pharmaceuticals Inc., which he led as CEO to its inclusion in the Nasdaq100 in 1999. In 1996, the company went public at $12 and its stock eventually soared as high as $400 a share split adjusted. In October 2000, he left the company to purchase the Florida Panthers. In 2002, he created Abrika Pharmaceuticals Inc.[2] in Sunrise, Florida. Four years later, he sold it for $235 million to Actavis Group, an international generic drug company in Iceland.

Florida Panthers

He was the majority owner of the NHL's Florida Panthers from 2001 to 2009.[3]

Horse racing and breeding

Since 2003, he has been racing and breeding horses on his Arindel Farm in Ocala, Florida. One of his horses, Wait A While, competed in a Breeder's Cup race at Churchill Downs in 2006. She went on to become United States Champion 3 year old filly in 2006.

Personal life

He and his wife, Karen,[4] live in Weston, Florida.[5] He is of Jewish descent.[1]

References

  1. [1]
    Mendelsohn, Ezra (March 31, 2009). Jews and the Sporting Life: Studies in Contemporary Jewry XXIII. Oxford University Press. p. 98. ISBN 9780195382914.
  2. [2]
    "Actavis Completes Acquisition of Abrika Pharmaceuticals LLP in the US". BioSpace. Retrieved 2024-02-06.
  3. [3]
    Press, The Canadian (2009-11-16). "Cohen steps down as majority owner of the Florida Panthers hockey team". The Hockey News. Retrieved 2024-02-06.
  4. [4]
    "Championship Season". Ocala Style Magazine. May 14, 2007.
  5. [5]
    Alan Cohen - baltimoresun.com
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