Exhibit 99.1


           IVAX Names Richard M. Krasno, Ph.D. to Board of Directors


    MIAMI--(BUSINESS WIRE)--Feb. 16, 2005--IVAX Corporation (AMEX:IVX)
(LSE:IVX.L) (WSE:IVX.WA) announced the nomination and appointment of
Richard M. Krasno, Ph.D. to its Board of Directors.
    Dr. Krasno currently serves as the Executive Director of the
William R. Kenan, Jr. Charitable Trust and as President of the four
affiliated William R. Kenan, Jr. Funds in Chapel Hill, North Carolina.
Prior to joining the Trust, Dr. Krasno was president of the Monterey
Institute of International Studies in Monterey, California. From
1981-1998 he served as President and Chief Executive Officer of the
Institute of International Education in New York. He also served as
Deputy Assistant Secretary of Education in Washington, D.C. Dr. Krasno
holds a Ph.D. from Stanford University and honorary doctorates from
Sacred Heart University and the College of St. Rose. He has held
academic appointments at the University of Chicago, Stanford
University, the University of Massachusetts and the University of
Santiago de Compostela, Spain, where he was a Senior Fulbright
Professor. Dr. Krasno serves on a number of corporate and non-profit
boards and is a past chairman of the regional Rhodes Scholarship
selection committee in North Carolina. He is also a trustee of the
Eisenhower Fellowship Program and a director of UNC Health Care which
is the governing body for the four University of North Carolina
Hospitals and the School of Medicine.
    Phillip Frost, M.D., chairman and chief executive officer of IVAX,
said, "Dr. Krasno brings great business and administrative experience
to IVAX' Board. We are fortunate to have the benefit of his knowledge
in diverse fields of interest at IVAX."
    IVAX Corporation, headquartered in Miami, Florida, discovers,
develops, manufactures, and markets branded and brand equivalent
(generic) pharmaceuticals and veterinary products in the U.S. and
internationally.
    Copies of this and other news releases may be obtained free of
charge from IVAX' website at http://www.ivax.com.



    CONTACT: IVAX Corporation, Miami
             David Malina, 305-575-6043