File No. 333-17389
SUPPLEMENT NO. 1
TO
PROPECTUS DATED OCTOBER 28, 1997
ANDRX CORPORATION
As set forth in the Prospectus under "Plan of Distribution," Selling
Shareholders may sell the Common Stock offered hereby for their own accounts in
the open market or block transactions or otherwise in accordance with the rules
of The Nasdaq National Market, or in private transactions, at prices related to
the prevailing market prices or at negotiated prices. Additionally, the Common
Stock may be sold from time to time by pledgees, donees, transferees or other
successors in interest, including but not limited to Bear, Stearns Securities
Corp. ("Bear Stearns").
Furthermore, Selling Shareholders may pledge the Common Stock to Bear
Stearns or to another broker as collateral for margin loans. In the event of a
default by one of the Selling Shareholders, Bear Stearns or the respective
broker may offer and sell the pledged shares of Common Stock in the manner
described under the heading "Plan of Distribution" in the Prospectus, as
supplemented.
The date of this Supplement is July 27, 1998
