I only need this to remind me. (Dr.Phillip Frost is on the BOD of TEVA pharma)
Frost Gamma Investments Trust Increases Stake in Alliqua, Inc.
By: Alliqua, Inc. via GlobeNewswire News Releases
Posted on April 02, 2012 at 08:30 AM EDT
NEW YORK, April 2, 2012 (GLOBE NEWSWIRE) -- Alliqua, Inc. (OTCBB:ALQA) (Alliqua or the Company) announced that entrepreneur Dr. Phillip Frost and other investors collectively purchased approximately 24 million shares pursuant to certain private stock purchases. Dr. Frost is an existing stockholder in Alliqua and as a result of his participation in these stock purchases is the beneficial owner of approximately 11.1% of Alliquas common shares.
Alliquas President and director, Richard Rosenblum, commented, When such a renowned investor as Dr. Phillip Frost continues to increase his stake in Alliqua, it is a meaningful statement. We welcome his additional investment in Alliqua as it underscores his belief in the Company and the direction that management has taken.
Frost Gamma Investments Trust has invested more than $160 million in companies and technologies since it started in 2006. Among his other roles, Dr. Frost is Chairman of Israel based Teva Pharmaceuticals; Chairman of Ladenburg Thalmann Financial Services, Inc.; Chairman of OPKO Health, Inc.; and Chairman of PROLOR Biotech.