Milan Panic to Make Major Donation to City of Hope Cancer Research and Treatment Center
Newport Beach, California, February 27, 2015 – Milan Panic, the founder, president and chief executive officer of MP Biomedicals, LLC, announced today that he will be donating $100,000 to the City of Hope Cancer Research and Treatment Center ahead of its inaugural Orange County Gala on February 28.
“My goal is to help save just one more life. It brings me great pleasure to support the cancer researchers and care centers at City of Hope,” Panic said. “I have always sought to invest in causes that will inspire innovation in the medical community. I applaud the work everyone at City of Hope is doing to transform the lives of those living in the Los Angeles and Riverside communities.”
Panic, an immigrant entrepreneur, has dedicated much of his career to medical discovery and innovation. Panic founded ICN Pharmaceuticals in 1960, where he led a team of scientists who developed Ribavirin, a lifesaving drug that has help more than 5 million people including patients with hepatitis C and infants with respiratory infections. ICN also created the Nucleic Acid Research Institute to identify nucleosides that treat cancer.
Panic also was the prime minister of Yugoslavia from 1992 to 1993 and has remained a key player in international relations ever since, including helping to inspire the Dayton Peace Accords and democratize Serbia and the former Yugoslav republics. Panic was recently honored with a Lifetime Achievement Award for his humanitarian work in both medical research and diplomacy. His memoir, Prime Minister for Peace, will be released this April.