Congressional Record—Senate S1132

Total Page:16

File Type:pdf, Size:1020Kb

Congressional Record—Senate S1132 S1132 CONGRESSIONAL RECORD — SENATE February 13, 2006 Hospital of the University of Pennsylvania. care Corporation, Cellular Technical Serv- Office Building will now be held on He then served as a lieutenant commander in ices Co., Inc., and Ladenburg Thalmann Fi- Wednesday, February 15, 2006 at 10:30 the U.S. Public Health Service at the Na- nancial Services Inc. Dr. Frost also is co-vice a.m. in the same room. tional Cancer Institute and completed a one- chairman of the American Stock Exchange’s The purpose of the hearing is to re- year senior residency at Jackson Memorial board of governors, chairman of the board of Hospital in Miami. He joined the faculty of trustees of the University of Miami, and a ceive testimony regarding S. 2197, to the University of Miami School of Medicine trustee of Scripps Research Institute. He improve the global competitiveness of in 1966 and then moved to Mount Sinai Med- previously served as chairman of the board the United States in science and en- ical Center of Greater Miami, chairing its of directors of Key Pharmaceuticals, Inc., ergy technology, to strengthen basic Department of Dermatology from 1972 to chairman of Whitman Education Group, Inc., research programs at the Department 1990. and vice chairman of the board of directors of Energy, and to provide support for While at Mt. Sinai, Dr. Frost sold a dispos- of American Vaccine, Inc. able instrument for skin biopsies to Miles mathematics and science education at Dr. Frost and his wife, Patricia, are ardent all levels through the resources avail- Laboratory. He and his partner in that ven- supporters of the arts. Sophisticated collec- ture then purchased Key Pharmaceuticals, tors of American abstract art, they gave able through the Department of En- which was later sold to Schering-Plough for their 113–piece collection to the Smithsonian ergy, including at the National Labora- $600 million. Eager to explore the then- American Art Museum in 1986. The Frost’s tories. unglamorous world of generic drugs, Dr. $33 million gift to the University of Miami Because of the limited time available Frost next founded IVAX Corporation, which for its school of music (now called the Phil- for the hearing, witnesses may testify became recognized for its consumer-directed lip and Patricia Frost School of Music) was by invitation only. However, those research, development, manufacture, and one of the largest individual gifts the univer- wishing to submit written testimony marketing of pharmaceutical products sity has ever received, and the largest ever worldwide. Since 1987, Dr. Frost has served for the hearing record should send two made to a university school of music in the copies of their testimony to the Com- as chairman of the board of directors and United States. Dr. Frost also serves as chair chief executive officer of IVAX; he also was of the fundraising initiative ‘‘Momentum: mittee on Energy and Natural Re- president from 1991 to 1995. IVAX was re- The Campaign for the University of Miami’’ sources, United States Senate, Wash- cently acquired by TEVA Pharmaceutical In- and has served as chair of the Miami Art Mu- ington, DC 20510–6150. dustries Ltd. and, according to published re- seum’s fundraising campaign ‘‘Art for All For further information, please con- ports, Dr. Frost will receive more than $1 bil- People.’’ Additionally, he is a former mem- tact Kathryn Clay or Steve lion of TEVA stock as a result of its sale. ber of the Florida International University Dr. Frost is a director of Northrop Grum- Waskiewicz. (FIU) Foundation board and the FIU board of man Corporation, Continucare Corporation, COMMITTEE ON ENERGY AND NATURAL trustees. FIU’s Patricia & Phillip Frost Art Cellular Technical Services Co., Inc., and RESOURCES Museum is so-named as a tribute to their Ladenburg Thalmann Financial Services Inc. longstanding support; likewise, the univer- Mr. DOMENICI. Mr. President, I He also is co-vice chairman of the American sity presented Dr. Frost with an honorary would like to announce for the infor- Stock Exchange’s board of governors and a degree in 1993 for his many contributions in mation of the Senate and the public trustee of Scripps Research Institute and medicine, business, and community service. that an oversight hearing has been previously served as chairman of the board He also was named the 2001 National Ernst & scheduled before the Committee on En- of directors of Key Pharmaceuticals, Inc., Young Entrepreneur of the Year. chairman of Whitman Education Group, Inc., ergy and Natural Resources on Wednes- A native of Philadelphia, Dr. Frost at- and vice chairman of the board of directors day, March 1, at 10 a.m. in Room SD– tended the University of Paris from 1955 to of American Vaccine, Inc. In addition, Dr. 366 of the Dirksen Senate Office Build- 1956. He received his B.A. from the Univer- Frost possesses significant fiscal experience sity of Pennsylvania in 1957 and his M.D. ing in Washington, DC. with matters of government oversight. from the Albert Einstein College of Medicine The purpose of the oversight hearing Residents of Florida for over 40 years, Dr. in New York in 1961, after which he com- is to receive testimony regarding the and Mrs. Frost also have been ardent sup- pleted his internship at New York’s state of the economies and fiscal af- porters of local community efforts. In addi- Montefiore Hospital and his residency in der- tion to their commitment to the visual arts, fairs in the Territories of Guam, Amer- matology at the Hospital of the University the Frosts made a $33 million gift to the Uni- ican Samoa, the Commonwealth of the of Pennsylvania. Following service as a lieu- versity of Miami for its school of music (now Northern Mariana Islands, and the tenant commander in the U.S. Public Health called the Phillip and Patricia Frost School United States Virgin Islands. Service at the National Cancer Institute, Dr. of Music), one of the largest individual gifts Because of the limited time available Frost completed a one-year senior residency the university ever has received. Dr. Frost at Jackson Memorial Hospital in Miami. He for the hearing, witnesses may testify serves as campaign co-chair of the fund-rais- joined the faculty of the University of Miami by invitation only. However, those ing initiative ‘‘Momentum: The Campaign School of Medicine in 1966 prior his tenure at wishing to submit written testimony for the University of Miami,’’ having pre- Mount Sinai Medical Center. for the hearing record should send two viously served as chairman of its board of trustees, and co-chaired the successful copies of their testimony to the Com- launch of the Miami Art Museum’s fund-rais- S.J. RES. 30 mittee on Energy and Natural Re- ing campaign ‘‘Art for All People.’’ He is a Resolved by the Senate and House of Rep- sources, United States Senate, Wash- former member of the Florida International resentatives of the United States of America in ington, DC 20510–6150. University (FIU) Foundation board and the Congress assembled, That, in accordance with For further information, please con- FIU board of trustees. The Patricia & Phillip section 5581 of the Revised Statutes (20 tact Josh Johnson or Steve Frost Art Museum at FIU is so-named as a U.S.C. 43), the vacancy on the Board of Re- Waskiewicz. tribute to their longstanding support; like- gents of the Smithsonian Institution, in the wise, the university presented Dr. Frost with class other than Members of Congress, re- f an honorary degree in 1993 for his many con- sulting from the retirement of Manuel L. AUTHORITIES FOR COMMITTEES tributions in medicine, business, and com- Iba´ n˜ ez, is filled by the appointment of Phil- TO MEET munity service. He also was named the 2001 lip Frost of Miami Beach, Florida. The ap- National Ernst & Young Entrepreneur of the pointment is for a term of 6 years, beginning COMMITTEE ON HOMELAND SECURITY AND Year. upon the date of enactment of this joint res- GOVERNMENTAL AFFAIRS Since 1987, Phillip Frost has served as olution. Mr. KYL. Mr. President, I ask unani- chairman of the board of directors and chief f mous consent that the Committee on executive officer of Ivax Corporation, which Homeland Security and Governmental was recently acquired by TEVA Pharma- NOTICES OF HEARINGS/MEETINGS Affairs be authorized to meet on Mon- ceutical Industries Ltd.; he also was presi- dent of IVAX from 1991 to 1995. In addition, COMMITTEE ON ENERGY AND NATURAL day, February 13, 2006, at 10 a.m. for a he was chairman of the Department of Der- RESOURCES hearing titled, ‘‘Hurricane Katrina: matology at Mt. Sinai Medical Center of Mr. DOMENICI. Mr. President, I Waste, Fraud, and Abuse Worsen the Greater Miami from 1972 to 1990. would like to announce for the infor- Disaster.’’ Nationally recognized for his business acu- mation of the Senate and the public The PRESIDING OFFICER. Without men and creative enterprise, Dr. Frost has that a hearing has been rescheduled be- objection, it is so ordered. held leadership positions with numerous cor- fore the Committee on Energy and Nat- PERMANENT SUBCOMMITTEE ON INVESTIGATIONS porations and organizations. In addition to his management of the IVAX board of direc- ural Resources. Mr. KYL. Mr. President, I ask unani- tors, he is chairman of the board of its sub- The hearing originally scheduled for mous consent that the Permanent Sub- sidiary, IVAX Diagnostics, and director of Tuesday, February 14, 2006 at 2:30 p.m. committee on Investigations be au- Northrop Grumman Corporation, Continu- in Room SD–366 of the Dirksen Senate thorized to meet on Monday, February VerDate Aug 31 2005 03:49 Feb 14, 2006 Jkt 049060 PO 00000 Frm 00056 Fmt 4637 Sfmt 0634 E:\CR\FM\A13FE6.055 S13FEPT1 ccoleman on PROD1PC71 with SENATE.
Recommended publications
  • Public Version Filed: February 14, 2019
    EFiled: Feb 14 2019 05:12PM EST Transaction ID 62972723 Case No. 2018-0740-SG IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE OPKO HEALTH, INC. ) Consol. C.A. No. 2018-0740-SG DERIVATIVE ACTION ) CONFIDENTIAL FILING VERIFIED CONSOLIDATED DERIVATIVE COMPLAINT Court-appointed Co-Lead Plaintiffs Jamie Gewirtz, Emily Gewirtz Stiebel, Richard Tunick, Esther Susan Lutzker, and Vivian Davis, and additional plaintiffs Ivan Pawlenko and Martin Breuninger (collectively, "Plaintiffs"), by their attorneys, allege upon personal knowledge as to their own acts and upon information and belief as to all other matters, based upon the investigation conducted by counsel, which included, inter alia, review and analysis of: (a) internal, non-public documents provided by OPKO Health, Inc. ("OPKO or "Company") in response to demands under 8 Del. C. §220; (b) the public filings of OPKO and related non-parties with the U.S. Securities and Exchange Commission ("SEC"); (c) press releases and other public statements disseminated or caused to be made or issued by defendants and related non-parties; (d) media reports concerning the Company; (e) the Complaint and related filings in the action filed by the SEC on September 7, 2018 in the United States District Court for the Southern District of New York, captioned SEC v. Honig, et al., 18-cv-8175, charging a number of entities and persons, including OPKO and its Chief Executive Officer ("CEO") and Chairman of the Board, Phillip Frost ("Frost"), with violations of the federal securities laws (the "SEC Action"); and (f) other publicly available information, as follows: NATURE AND SUMMARY OF THE ACTION 1.
    [Show full text]
  • United States District Court Southern District Of
    Case 1:18-cv-24137-XXXX Document 1 Entered on FLSD Docket 10/08/2018 Page 1 of 33 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CIVIL ACTION NO. 1:18cv24137 PAUL CAMHI, Individually and on Behalf of ) CLASS ACTION All Others Similarly Situated, ) ) Plaintiff, ) ) vs. ) ) OPKO HEALTH, INC. and PHILLIP FROST, ) ) Defendants. ) ) DEMAND FOR JURY TRIAL COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS Case 1:18-cv-24137-XXXX Document 1 Entered on FLSD Docket 10/08/2018 Page 2 of 33 Plaintiff Paul Camhi (“plaintiff”) alleges the following based upon the investigation of plaintiff’s counsel, which included a review of U.S. Securities and Exchange Commission (“SEC”) filings by OPKO Health, Inc. (“Opko” or the “Company”), as well as regulatory filings and reports, securities analysts’ reports and advisories about the Company, press releases and other public statements issued by the Company, media reports about the Company, and the complaint in the enforcement action filed by the SEC, SEC vs. Honig, No. 18-cv-08175 (S.D.N.Y. Sept. 7, 2018) (the “SEC Complaint”) as detailed herein. Plaintiff believes that substantial additional evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery. NATURE OF THE ACTION 1. This is a securities class action on behalf of all purchasers of Opko common stock between October 8, 2013 and September 7, 2018, inclusive (the “Class Period”) seeking to pursue remedies under the Securities Exchange Act of 1934 (“1934 Act”). JURISDICTION AND VENUE 2. The claims asserted herein arise under and pursuant to §§10(b) and 20(a) of the 1934 Act (15 U.S.C.
    [Show full text]
  • Opko Health: the Placebo Effect
    Opko Health: The Placebo Effect Lakewood Capital Management December 2013 /placebo effect/ (plah-se’bo ĕ-fekt’), noun [L.]: 1. the beneficial effect that occurs following a treatment administered to a group that arises simply from that group’s faith or preconceptions that the treatment will work. 2. an ineffectual treatment intended to deceive the recipient. Table of Contents A.) Executive Summary ................................................................................................... 1 B.) A Dizzying History Of Deals and Disappointment .................................................. 8 C.) Poor Financial Results… Yet A Soaring Market Capitalization ............................. 15 D.) Latin American Drug Distribution ........................................................................... 17 E.) Exploratory Alzheimer’s Diagnostic ...................................................................... 18 F.) Claros Diagnostics ................................................................................................... 19 G.) 4Kscore™ Exploratory Prostate Cancer Screening Test ......................................... 22 H.) Rayaldy .................................................................................................................... 26 I.) Prolor Biotech .......................................................................................................... 30 J.) A Web Of Stock Promotion ..................................................................................... 33 K.) Insider Share Purchases
    [Show full text]
  • Miller School Celebrates the Naming of the Dr. Phillip Frost Department of Dermatology and Cutaneous Surgery
    Julie Levin March 27, 2019 Miller School Celebrates the Naming of the Dr. Phillip Frost Department of Dermatology and Cutaneous Surgery After slipping on crisp, new white lab coats, Dr. Phillip and Patricia Frost formally launched a new era for the University of Miami Leonard M. Miller School of Medicine’s prestigious Department of Dermatology. The lab coats featured a new name and logo – the Dr. Phillip Frost Department of Dermatology and Cutaneous Surgery – a symbol of the tremendous impact the renowned South Florida philanthropist and physician has had on the department throughout its storied history. https://physician-news.umiamihealth.org/miller-school-celebrates-the-naming-of-the-dr-phillip-frost-department-of-dermatology-and-cutaneous-surgery/ 1 / 6 Julie Levin March 27, 2019 Dr. Phillip and Patricia Frost put on new lab coats with the logo of the Dr. Phillip Frost Department of Dermatology and Cutaneous Surgery. Thanks to the Frosts’ generosity, the department will receive a $10 million endowment, which will help advance innovative treatments and cures in dermatology. The gift celebrates Dr. Frost’s lifetime of dedication to medicine, education, and medical entrepreneurship. “We hope this gift commemorates the debt that we feel to not only the department, school, and the city, but it makes us feel as though we will have a stake in its future,” said Dr. Frost, who spoke alongside his wife, Patricia, at a March 6 naming ceremony at the Miller School. https://physician-news.umiamihealth.org/miller-school-celebrates-the-naming-of-the-dr-phillip-frost-department-of-dermatology-and-cutaneous-surgery/ 2 / 6 Julie Levin March 27, 2019 One of the earliest departments founded at the Miller School, the Dr.
    [Show full text]
  • Winter/Spring 2011PDF Only
    WINTER/SPRING 2011 EINSTThe Magazine for Alumni and Friends of Albert Einstein CollegeE of Medicine ofIN Yeshiva University DE[LIVER]ANCE Researchers and Clinicians Team Up to Combat the Liver Disease Epidemic Meet Our Interactive Companion Magazine Get ready for Einstein magazine’s “virtual” debut! This interactive version of the magazine resides at www.einstein.yu.edu/epubs/einstein/winterspring2011 and adds voices and moving images to the text and pictures you now hold in your hands. You’ll be able to hear interviews with Einstein faculty members, see how Einstein and Montefiore researchers are working to defeat liver disease ... and more. If you like the status quo, don’t worry: We’ll continue to publish Einstein magazine in print form. But do please give our alternative format a try as well. And let us know what you think about it by sending us a note at [email protected]. Follow Us on 2 EINSTEIN : WINTER/SPRING 2 011 EinsteinMagazineWinterSpringFINAL5_17_11—July 28, 2011 6:50 PM WINTER/SPRING 2011 in this issue FEATURES 2 A MESSAGE FROM THE DEAN 22 DE[LIVER]ANCE Scientists at Einstein and Montefiore are joining forces against the liver disease epidemic 22 30 SPOTLIGHT ON: PHILLIP FROST, M.D., CLASS OF 1961 As the Einstein graduating class of 1961 prepares for its 50th Reunion, we focus on one of its most notable members 32 SERVING CHILDREN AND ADULTS aT CERC Einstein’s Children’s Evaluation and Rehabilitation Center serves thousands of infants, children, adoles- 40 cents and adults each year 40 RENOVATING VaN ETTEN Einstein’s new “Main Street” gets a makeover DEPARTMENTS 3 Letters to the Editor on the cover 4 Upfront: Collegial Life Researchers and physicians from Albert Einstein College of Medicine and Montefiore Medical Center, the 13 Upfront: Lab Dish University Hospital and Academic Medical Center for Einstein, are working together to bring state-of-the-art 44 Passionate Pursuits therapies to liver disease patients.
    [Show full text]
  • The Patricia & Phillip Frost Art Museum Florida International
    The Patricia & Phillip Frost Art Museum Florida International University 2017-2018 Annual Report Table of Contents 1. From the Director 2. Exhibitions 3. Changes to the Collection 4. Grants 5. Education & Outreach 6. Academic Programming & Strategic Initiatives 7. Public Relations 8. Facilities 9. Development 10. Statement of Operations Cover Image Caption: Carlene West, Pitjantjatjara, born c. 1944 Tjitjiti [detail], 2015, 71 13/20 x 47 16/25 inches, © the artist, courtesy Spinifex Arts Project. From the exhibition Marking the Infinite: jfkdsfjsdklf, on view at the Frost from January 28, 2017 to May 14, 2017 th 10 Anniversary Message from the Director In 2008 the Patricia & Phillip Frost Art Museum opened its doors to invite students, faculty, Miami-Dade citizens, and the international art world to enjoy a new museum experience in Miami. The 46,000-square-foot building featured grand galleries with cathedral-like ceilings as well as an interactive children’s area. The inaugural exhibition Modern Masters from the Smithsonian American Art Museum showed work of 1940’s and 50’s abstract expressionists including Hans Hofmann, Franz Kline, and Louise Nevelson, among others. In 2018 we welcome you to the Patricia & Phillip Frost Art Museum as we unveil the museum’s growing collection of art and peek into the museum’s vibrant history. In 1972, Florida International University opened its doors to the first class of South Florida students. The newly emerging FIU Fine Arts Department was in desperate need of a space for students and faculty members to showcase their work and, more importantly, an art space for the community.
    [Show full text]
  • 1 United States District Court Southern District Of
    Case 1:21-cv-20885-CMA Document 1 Entered on FLSD Docket 03/05/2021 Page 1 of 86 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA SAMMY LEE, derivatively on behalf of OPKO HEALTH, INC., Plaintiff, C.A. No. v. PHILLIP FROST, ADAM LOGAL, JANE H. DEMAND FOR JURY TRIAL HSIAO, STEVEN D. RUBIN, ROBERT S. FISHEL, RICHARD M. KRASNO, RICHARD A. LERNER, JOHN A. PAGANELLI, RICHARD C. PFENNIGER, JR., and ALICE LIN-TSING YU, Defendants, and OPKO HEALTH, INC., Nominal Defendant. VERIFIED SHAREHOLDER DERIVATIVE COMPLAINT INTRODUCTION Plaintiff Sammy Lee (“Plaintiff”), by Plaintiff’s undersigned attorneys, derivatively and on behalf of Nominal Defendant OPKO Health, Inc. (“OPKO” or the “Company”) files this Verified Shareholder Derivative Complaint against Individual Defendants Phillip Frost (“Frost”), Adam Logal (“Logal”), Jane H. Hsiao (“Hsiao”), Steven D. Rubin (“Rubin”), Robert S. Fishel (“Fishel”), Richard M. Krasno (“Krasno”), Richard A. Lerner (“Lerner”), John A. Paganelli (“Paganelli”), Richard C. Pfenniger, Jr. (“Pfenniger”), and Alice Lin-Tsing Yu (“Yu”), (collectively, the “Individual Defendants” and together with OPKO, the “Defendants”) for breaches of their fiduciary duties as controlling shareholders, directors and/or officers of OPKO, unjust enrichment, waste of corporate assets, abuse of control, gross mismanagement, and violations of Section 14(a) 1 Case 1:21-cv-20885-CMA Document 1 Entered on FLSD Docket 03/05/2021 Page 2 of 86 of the Securities Exchange Act of 1934 (the “Exchange Act”). As for Plaintiff’s complaint against
    [Show full text]