Milan Panic, who was born in Belgrade in 1929, served as prime minister of Yugoslavia from 1992 to 1993. During his tenure, he became an important figure on the world stage with his pivotal participation in the London Conference on Yugoslavia in August 1992, his address to the United Nations General Assembly (the “Speech of Peace”) the following month, and his appearance before the parliament of the European Union in Brussels. In December 1992, the Wall Street Journal named him one of the “Europeans of the Year.”

After his tenure as prime minister ended, Panic continued to play an active role in the democratization of Serbia and former Yugoslav republics. In 1995, he was instrumental in initiating and organizing the Dayton Peace Agreement.

Panic is chairman and CEO of MP Biomedicals, formerly ICN Biomedicals. He was founder and former chairman of ICN Pharmaceuticals, now known as Valeant Pharmaceuticals, a multibillion-dollar company he launched in 1959 with $200.


Mr. Panic’s ongoing philanthropic contributions support various universities, research programs, museums, political causes, and charities, as well as international relief organizations for humanitarian aid in Eastern Europe, Latin America, and other parts of the world.