OPKO Health


OPKO Health is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

History

OPKO Health is a diversified healthcare company present in more than 30 countries. The company's primary businesses include:
The Chairman and CEO of OPKO is Dr. Phillip Frost, a billionaire biotech entrepreneur who previously held Chairman positions during the early stages and successful sales of Key Pharmaceuticals, Ivax Corporation, and Teva Pharmaceuticals.

Products lines

Diagnostics:
Bioreference Laboratory,
4k Test Score,
Claros 1 Point of Care Diagnostic Platform
Therapeutics:
Vitamin D and Phosphate Management Products,
Growth Hormone, Hemophilia and Obesity Products,
Other Small Molecule and Biological Therapeutics,
Vaccines
Strategic Investments:
ARNO Therapuetics,
BioCardia,
ChromaDex Corporation,
Cocrystal Pharma,
MABVAX, Neovasc,
Pharmsynthez,
RXi Pharmaceuticals,
VBI Vaccines,
Sevion,
Xenetic Biosciences,
Zebra Biologic

Litigation

On September 7, 2018, the SEC filed a lawsuit against a number of individuals and entities including Opko Health and the CEO and Chairman, Dr. Phillip Frost. In December 2018, the company and Dr. Frost entered into settlements with the SEC, which, upon approval by the court in January 2019, resolved the claims. Without admitting or denying any of the allegations, the company agreed to an injunction from violations of Section 13 of the “Exchange Act”, a strict liability claim, and to pay a $100,000 penalty, which has been paid.
On March 8, 2019, the SEC filed an amended complaint, with OPKO paying $100,000 dollars "Without admitting or denying the SEC's allegations."