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Out and About

ICN Alumni Bash

The ICN Almuni Party was held at Nedalny Vostok on December 11th 2009, about 40 associates of the former company arrived for the gala event. Mr. Milan Panic and Mr John Ortega were present.

Milan Panic was former Prime Minister of Yugoslavia in 1992 and ran for President in 1993. Milan was founder and CEO of ICN Pharmaceuticals in 1959. ICN opened its first factory in 1992 in St Petersburg.

Mr. John Ortega was General Manager of ICN Russia and founder of ICN Apteka, and was instrumental in opening 110 drug stores in seven cities in Russia. ICN Russia was the largest pharmaceutical company that actually owned five factories, seven distribution centres and retail drug stores in Russia.

Left to right:
Shiraz Mamedov, John Ortega, Milan Panic, Dr Ljubisa Rakic

Left to right:
Sergey Panteleev, Milan Panic and Sergey Solomakha

ICN Russia was sold in 2003 to Millhouse Capital London, owned by Roman Abramovich. ICN was later renamed Pharmstandard, and is now the largest pharmaceutical manufacturer in Russia.

Mr Panic is considering opening a new company: MPBiomedicals in Russia.

Founder’s Story

Chairman and chief executive of MP Biomedicals, Milan Panic (pah-nich) parleyed his experience, vision and good fortune from humble beginnings into a company that remains at the leading edge of discovery in the dynamic biomedical industry. Enduring the trials of World War II, communism, and exile in a German refugee camp, Mr. Panic followed tens of thousands of Eastern Europeans who had forfeited everything to seek a better life in the West. A refugee from communist Yugoslavia, Mr. Panic reached the United States in 1956 with $20 in his pocket. Please visit to learn more.

John Ortega, Anastasia Stepanenko

Dr Ljubisa Rakic


Milan Panic is the founder and owner of MP Global Enterprises and Associates LLC, headquartered in Costa Mesa, California. The company focuses on both business and humanitarian issues around the world.

Milan Panic entered politics at the beginning of the nineties after being elected by the Parliament of Yugoslavia to serve as Prime Minister of his native land. He fought bravely against a dictator and forged a path to democracy. He is regarded by most Serbs today as one man who helped redeem their sense of national pride.

Milan Panic made the American dream a reality. By any measure his career is an extraordinary one.

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