Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-43176

                                IVAX CORPORATION

                                SUPPLEMENT NO. 7
                              DATED JUNE 26, 2001

                                       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 adds to or 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)
- ------------------------                                  ---------------------        -------------------------
                                                                                 
Deutsche Bank AG                                                $   387,000                     10,417
Deutsche Bank Alex Brown Inc.                                   $15,525,000                    417,901
Merrill Lynch Pierce Fenner & Smith Inc.                        $    22,000                        592



___________________________
(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.