Alan Phillip Cohen (born October 5, 1954) is an American businessman, best known for his ownership of the

Florida Panthers The Florida Panthers are a professional ice hockey team based in the Miami metropolitan area. The Panthers compete in the National Hockey League (NHL) as a member of the Atlantic Division in the Eastern Conference. The team initially played it ...

hockey team and his founding of several generic pharmaceutical companies, most notably the

Davie, Florida Davie is a town in Broward County, Florida, United States, approximately north of Miami. The town's population was 110,320 at the 2020 census, making it the largest town in Florida by population. Davie is a principal town of the Miami metropol ...

-based Andrx Corp. Cohen.

Biography

In 1984, he founded the drug distribution firm Best Generics Inc. and sold it to Florida's

Ivax Corporation Teva API is an international pharmaceutical company headquartered in Israel. Teva API is a stand-alone business unit of Teva Pharmaceutical Industries limited, the largest generic drug manufacturer in the world and one of the 15 largest pharmac ...

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. in

Sunrise, Florida Sunrise is a city in central-western Broward County, Florida, Broward County, Florida, United States, and is a principal city of the Miami metropolitan area. The population was 97,335 at the time of the 2020 census. History Early history In ...

. 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.

Horse racing and breeding

Since 2003, he has been racing and breeding horses on his Arindel Farm in

Ocala, Florida Ocala ( ) is a city in and the county seat of Marion County, Florida, United States. Located in North Central Florida, the city's population was 63,591 as of the 2020 United States census, 2020 census, up from 56,315 at the 2010 census and making ...

. One of his horses, Wait A While, competed in a

Breeder's Cup The Breeders' Cup World Championships is an annual series of Grade I Thoroughbred horse races, operated by Breeders' Cup Limited, a company formed in 1982. From its inception in 1984 through 2006, it was a single-day event; starting in 2007, i ...

race at

Churchill Downs Churchill Downs is a horse racing complex in south Louisville, Kentucky, United States that hosts the annual Kentucky Derby. It opened in 1875 and was named for Samuel Churchill, whose family was prominent in Kentucky for many years. The first ...

in 2006. She went on to become United States Champion 3 year old filly in 2006.

Personal life

He and his wife, Karen, live in

Weston, Florida Weston is a master-planned City (Florida), city in Broward County, Florida, Broward County, Florida, United States. The population was 68,107 at the time of the 2020 census. Located just west of Fort Lauderdale and to the northwest of Miami, th ...

.Alan Cohen - baltimoresun.com
/ref> He is of

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

descent.

References

{{DEFAULTSORT:Cohen, Alan 1954 births Living people Businesspeople from Florida National Hockey League executives National Hockey League owners Florida Panthers owners Place of birth missing (living people) People from Weston, Florida University of Florida alumni American people of Jewish descent Jewish American sports executives and administrators Jews from Florida