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EXHIBIT 21

SUBSIDIARIES OF IVAX CORPORATION

JURISDICTION OF
NAME OF SUBSIDIARY ORGANIZATION
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DOMESTIC

Baker Norton U.S., Inc. Florida
ChemSource Corporation Puerto Rico
Cummins Properties, Inc. Florida
D & N Holding Company Delaware
Diamedix Corporation Florida
DVM Pharmaceuticals, Inc. Florida
Goldline Laboratories, Inc. Florida
Goldline Properties Florida, Inc. Florida
Immunovision, Inc. Florida
Indiana Protein Technologies, Inc. Indiana
Ivax D Sub, LLC Delaware
IVAX Diagnostics, Inc. Delaware
IVAX Far East, Inc. Florida
IVAX Laboratories, Inc. Florida
IVAX Laboratories Puerto Rico, Inc. Florida
IVX Oncology, Inc. Florida
IVAX Pharmaceuticals, Inc. Florida
IVAX Pharmaceuticals Caribe, Inc. Delaware
IVAX Pharmaceuticals Golden Glades, Inc. Florida
IVAX Pharmaceuticals NV, Inc. Florida
IVAX Pharmaceuticals Pralex, Inc. Delaware
IVAX Research, Inc. Florida
IVAX Research Institute, Inc. Florida
IVAX Specialty Chemicals Sub, LLC Delaware
Pet Technology Corp. Florida
XAVI Corporation Florida
XenoBiotic Laboratories, Inc. Delaware

INTERNATIONAL

AXIV International Ltd. Ireland
Baker Cummins Inc. Canada
Baker Norton Farmaceutici Srl Italy
C.K. Netpharma Oy Finland
Coverdale B.V. Netherlands
Delta Biologicals S.r.l. Italy
Drogueria Sam S.A. Argentina
Elmor, S.A. Venezuela
Elvetium Peru S.A. Peru
Farmagonist AB Sweden
Farma System S.A. Argentina
Galena Pharma Limited Liability Company Russia
Inversiones Glaciar I Limitada Chile
IVAX Argentina, S.A. Argentina
IVAX Asia Ltd. Hong Kong
IVAX (Bermuda) Ltd. Bermuda
IVAX Drug Research Institute, Ltd. Hungary
IVAX UK Limited England
IVAX Holdings, A.G. Switzerland
IVAX Holdings C.I. Caymen Islands
IVAX India PVT Limited India
IVAX International, B.V. Netherlands
IVAX International GmbH Switzerland
IVAX International (Luxembourg) Sarl Luxembourg
IVAX Pharma, S.A. de C.V. Mexico
IVAX Pharmaceuticals (Beijing) Co. Ltd. China
IVAX Pharmaceuticals Canada, Inc. Canada
IVAX Pharmaceuticals Mexico S.A. de C.V. Mexico
IVAX Pharmaceuticals s.r.o. Czech Republic
IVAX SAS France
IVAX Scandinavia AB Sweden
IVAX Uruguay S.A. Uruguay
Kilburn B.V. Netherlands
Kunming Baker Norton Pharmaceutical Co. Ltd China
LabChile Investment Corp. Cayman Islands
Laboratorio Chile S.A. Chile
Laboratorios Elmor, S.A. Venezuela
Laboratorios Elmor S.A. (Guacara) Venezuela
LBC International Corp. Cayman Islands
LBC Pharmaceuticals Brasil Ltda. Brasil
LBC Pharmaceuticals Colombia S.A. Colombia
Maancirkel Holding B.V. Netherlands
Medimport Scandinavia AB Sweden
Moviler S.A. Uruguay
Natural Health Products Corporation, C.A. Venezuela
Newpharm S.A. Peru
Norton Gelkaps Gelatine Kapsel Produktion GmbH Germany
Norton Healthcare Limited England
Norton Healthcare (1998) Limited England
Norton Healthcare (Proprietary) Limited South Africa

Norton (Waterford) Limited Ireland
Norton Poland Sp. z. o. o. Poland
Novaserben, S.A. de C.V. Mexico
OFA, CA Venezuela
Pharmatrade S.A. Chile
Rowan International S.A. Uruguay
Vitrium Division Farmaceutica, S.A. de C.V. Mexico
Zenith Goldline, S.A. Dominican Republic