REPORT OF INDEPENDENT ACCOUNTANTS

The Board of Directors and Stockholders of
 Zenith Laboratories, Inc.:

We have audited the consolidated balance sheet of Zenith Laboratories, Inc. and
Subsidiaries (the "Company") as of December 31, 1993, and the related
consolidated statements of operations, stockholders' equity, and cash flows for
the year then ended (not shown separately in the IVAX Corporation Annual Report
on Form 10-K for the year ended December 31, 1995.) In connection with our audit
of such financial statements, we have also audited the related financial
statement schedule II, valuation and qualifying accounts (not shown separately
in the IVAX Corporation Annual Report on Form 10-K for the year ended December
31,1995). These financial statements and financial statement schedule are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements and financial statement schedule based on
our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Zenith
Laboratories, Inc. and Subsidiaries as of December 31, 1993, and the
consolidated results of their operations and their cash flows for the year then
ended, in conformity with generally accepted accounting principles. In addition,
in our opinion, the financial statement schedule referred to above, when
considered in relation to the basic financial statements taken as a whole,
presents fairly, in all material respects, the information required to be
included therein.



As discussed in Note 10 to the Company's consolidated financial statements, in
1993 the Company changed its method of accounting for income taxes.

                                                     Coopers & Lybrand

Parsippany, New Jersey
February 24, 1994, except as to the
information presented in Note 20, for
which the date is March 24, 1994.