24.03.1999, 18:41
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Milan Panic, Chairman and CEO of ICN Pharmaceuticals and
Former Prime Minister of Yugoslavia, Meets With Gro Harlem
Brundtland, Director General of The World Health Organization
Geneva (ots-PRNewswire) -
- Appeals to the world: 'Don't bomb Serbs. Remove Milosevic.'
- Warns of a potential public health catastrophe in Serbia as
a result of the illegal seizure of ICN Yugoslavia.
Milan Panic, Chairman of the Board of Directors of ICN
Pharmaceuticals, Inc. (NYSE: ICN) and former Prime Minister of
Yugoslavia, met here today with Mrs. Gro Harlem Brundtland,
Director General of the World Health Organization (WHO) and
former Prime Minister of Norway.
Mr. Panic told the head of the WHO that the illegal seizure of
the ICN facility in Yugoslavia by the Serbian government is
endangering the health of the Yugoslavian people. ICN's Yugoslav
subsidiary supplies 50 percent of the medicinal needs of Serbia.
Since it acquired its Serbian factory in 1991, ICN maintained its
commitment to produce needed drugs for the people of Yugoslavia
despite a deteriorating business environment, including
hyperinflation and price controls, created by the economic
sanctions imposed by the United Nations Security Council against
Yugoslavia in 1992.
In early 1998, ICN agreed to sell medicines to the Yugoslav
government on long-term credit to ensure their continued
availability to the Yugoslav people. Milosevic's government
expressed its "gratitude" a few months later by defaulting on a
debt of $174 million due ICN for medicines provided to the
Serbian health system.
Without the working capital and expertise supplied by ICN, Mr.
Panic added, the Serbian government will be unable to operate
ICN's factory effectively, thus denying the Yugoslav people the
medicines they need. The health of the nation will deteriorate,
and the result will be a tragedy caused by a callused political
system that cares only about retaining its dictatorial monopoly
on power, at the expense of its citizens.
"The only true solutions to the problems of former Yugoslavia
are democratization and integration in a unified Europe," Mr.
Panic said, "and this can only become possible if the country
gets rid of Slobodan Milosevic and his regime. Threats of air
strikes and dependence on Milosevic for peace can only strengthen
Milosevic."
The international community, Mr. Panic underscored, should
support the democratic opposition in Serbia, which he represents.
The world should isolate Milosevic, he said, and force him to
resign.
"NATO should not try to bomb Milosevic to the negotiating
table but should exclude him from the table", said Mr. Panic.
Milosevic is the one who is to blame for much of the bloodshed in
former Yugoslavia ever since 1991, Mr. Panic emphasized. No means
of pressure on Milosevic should be spared, including freezing his
personal assets abroad.
Urging Mrs. Brundtland to express her concern for the
potential for a public health catastrophe in Yugoslavia, caused
by the seizure of ICN Yugoslavia, Mr. Panic reiterated his appeal
to the world: "Don't bomb Serbs. Remove Milosevic."
ICN Pharmaceuticals, Inc. manufactures and markets a broad
range of prescription and non-prescription pharmaceuticals and
biotechnology research products in over 90 countries. ICN has
operations in North and Latin America, Europe, and the Pacific
Rim. Additional information is available on the corporate website
at http://www.icnpharm.com. ots Original Text Service: ICN
Pharmaceuticals, Inc. Internet: http://www.newsaktuell.de
Contact: New York - Whit Clay, (USA) 212-704-4559, or London -
Simon Scott, 44-171-344-1253 both of Edelman Worldwide, for ICN
Pharmaceuticals Web site: http://www.icnpharm.com
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