Article: IVAX Completes Acquisition Of Phoenix Scientific, Inc. And Appoints Fintan M. Molloy President And CEO Of New Animal Health Division, IVX Animal Health, Inc.

MIAMI -- IVAX Corporation (AMEX:IVX) (LSE:IVX.L) (WSE:IVX) announced today that it has completed the previously announced acquisition of PSI Holdings, Inc., and its wholly owned subsidiary, Phoenix Scientific, Inc.

The integration of DVM Pharmaceuticals, Inc., the present animal health subsidiary of IVAX Corporation, with Phoenix Scientific, will form IVX Animal Health, Inc., headquartered in St. Joseph, Missouri. The combined company will continue to offer products directly to veterinarians, farmers, pet owners and distributors to treat both companion animals and livestock and will have the largest product portfolio in the industry.

IVAX has appointed ...

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