Filed Pursuant to Rule 424(b)(3)
Registration No. 333-43176
IVAX CORPORATION
SUPPLEMENT NO. 1
DATED NOVEMBER 15, 2000
TO
PROSPECTUS
DATED NOVEMBER 8, 2000
This supplement is part of and should be read in conjunction with our
prospectus dated November 8, 2000. The information we present in this supplement
supersedes similar information included in the prospectus.
We are supplementing the information under the caption "Selling
Security Holders" to include the following information:
Amount of Common
Principal Amount of Stock Issuable Upon
Notes Owned and Conversion of the Notes
Selling Security Holders Offered Hereby (1)(2) and Offered Hereby (1)(2)
------------------------ --------------------- -------------------------
UBS Warburg LLC........... $32,323,000 870,070
---------------------------
(1) Amounts indicated may exceed the total amount registered due to sales or
transfers exempt from the registration requirements of the Securities Act
since the date upon which selling holders provided to us the information.
In addition, the conversion rate and, therefore, the number of shares of
common stock that we will issue upon conversion of the notes, is subject
to adjustment under some circumstances. As a result, the aggregate
principal amount of notes and the number of shares of common stock into
which the notes are convertible may increase or decrease.
(2) We have assumed that the selling security holders will sell all of the
securities listed. We cannot be sure that the selling security holders
will sell all or any of the securities that they offer in this offering.
The amount of securities listed in the table represents an estimate of the
amount of securities each selling security holder will offer.
