-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VNehZ3/Oe/G5tQrUozRRd8W7XQsCLL1QGD/pUOMl9DemzbNfpxSDBcjQ/CQQhXr4
 pbIaS3ePGHDghfRTkY1maw==

<SEC-DOCUMENT>0001209191-03-004902.txt : 20030530
<SEC-HEADER>0001209191-03-004902.hdr.sgml : 20030530
<ACCEPTANCE-DATETIME>20030519182301
ACCESSION NUMBER:		0001209191-03-004902
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030515
FILED AS OF DATE:		20030519
DATE AS OF CHANGE:		20030530

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LIEBERMAN DAVID A
		CENTRAL INDEX KEY:			0001199717

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09623
		FILM NUMBER:		03711243

	MAIL ADDRESS:	
		STREET 1:		4400 BISCAYNE BLVD
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVAX CORP
		CENTRAL INDEX KEY:			0000772197
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				161003559
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4400 BISCAYNE BLVD
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137
		BUSINESS PHONE:		3055756000

	MAIL ADDRESS:	
		STREET 1:		4400 BISCAYNE BOULEVARD
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IVAX CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IVACO INDUSTRIES INC
		DATE OF NAME CHANGE:	19871213

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INLAND VACUUM INDUSTRIES INC
		DATE OF NAME CHANGE:	19870611
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bmi82744_bmi04dl.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-05-15</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000772197</issuerCik><issuerName>IVAX CORP</issuerName>        <issuerTradingSymbol>IVX</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001199717</rptOwnerCik><rptOwnerName>LIEBERMAN DAVID A</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock, $.10 Par Value Per Share</value></securityTitle><transactionDate><value>2003-05-15<
/value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>7500</value></transactionShares><transactionValue><value>12.50</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>7500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeSecurity><derivativeSecurity><securityTitle><value>Employee Stock Option (Right to Buy)</value><footnoteId id="F1" /></securityTitle><conversionOrExercisePrice><value>12.50</value></conversionOrExercisePrice><transactionDate><value>2003-05-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactio
nCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>7500</value></transactionShares><transactionValue><value>12.50</value></transactionValue><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-05-15</value></exerciseDate><expirationDate><value>2012-11-14</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>7500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>7500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">These options were erroneously reported on Mr. Lieberman's Form 4 for November 15, 2002 with a grant da
te of November 15, 2002 and an exercise price of $12.40.</footnote></footnotes><ownerSignature><signatureName>David A. Lieberman</signatureName><signatureDate>2003-05-16</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----