Milan Panic
Milan Panić, Pharmaceutical Pioneer, Statesman, Athlete and Larger-Than-Life American Story
Obituary
MMilan Panić, the visionary entrepreneur who founded ICN Pharmaceuticals, former Prime Minister of Yugoslavia, World War II veteran, champion cyclist, devoted husband, father and generous friend, died at the age of 96.
Few lives encompassed as much history, ambition, reinvention and human experience as his. From wartime Belgrade to the highest levels of American business, Milan lived with extraordinary courage, energy and conviction.
Born in Belgrade on December 20, 1929, Milan came of age in a Europe transformed by war. Still a teenager, he joined the Yugoslav resistance during World War II. After the war, his extraordinary physical drive found another outlet in competitive cycling, where he rose to the highest levels of Yugoslav cycling and competed internationally.
In the 1950s, he left communist Yugoslavia and came to the United States with little more than determination, intelligence and an almost inexhaustible belief in what was possible. America became his adopted country and the place where that belief could flourish.
In California, he founded what would become ICN Pharmaceuticals in 1959 with only a few hundred dollars. From those modest beginnings, Milan built an international pharmaceutical enterprise, serving for decades as its Chairman and Chief Executive Officer. ICN grew across countries and continents and became particularly associated with the development and commercialization of antiviral medicines. The company he created would later become Valeant Pharmaceuticals and ultimately Bausch Health.
For Milan, business was never simply about building a company. He was fascinated by science, medicine, discovery and the possibility that human ingenuity could improve and extend human life. He expected enormous energy and commitment from the people around him because he demanded even more from himself.
His life took another extraordinary turn in 1992, when he returned to the country of his birth during one of the darkest periods in its modern history and became Prime Minister of the Federal Republic of Yugoslavia. He entered government not as a conventional politician but as an entrepreneur and outspoken advocate for ending the fighting and seeking peace.
It was characteristic of Milan to believe that even problems others considered impossible were worth confronting. That conviction followed him throughout his life.
He had survived war, left one political system behind, started over in a foreign country, built a pharmaceutical company from almost nothing, competed at the highest levels of sport and business, and returned decades later to the turbulent land of his birth believing that one determined individual could still make a difference.
Those achievements made Milan Panić a public figure, but they tell only part of his story.
To those closest to him, Milan was charismatic, energetic, demanding, curious, funny, stubborn, generous and unforgettable. He possessed an extraordinary appetite for life. He loved people, ideas, competition, conversation and possibility. Even into advanced age, the force of his personality could fill a room.
He was deeply generous to friends, colleagues and employees, and throughout his long life helped, encouraged and opened doors for countless people. Many who worked with him remembered not simply an employer, but a man who challenged them to think bigger than they had imagined for themselves.
Behind the businessman, athlete and statesman was the husband, father, grandfather and great-grandfather whose family formed the most intimate chapter of his remarkable life.
He leaves behind his beloved wife, Alexandra, his companion and partner through the later decades of his extraordinary journey. He leaves behind his children, Dawn, Vickie, Spencer, Tim and Alex, and his grandchildren, Yasin, Yusra, Mathew and Andrea. He also leaves behind his great-grandchildren, James, Luke, and Gabriella, extending his family’s story into another generation.
Milan lived on a scale that was uniquely his own. He did not merely observe history; again and again, he stepped directly into it. He was shaped by two continents, by war and peace, communism and American capitalism, science and politics, victory and adversity.
Through it all ran the same irrepressible conviction: that tomorrow could be better than today, that difficult problems existed to be solved, and that life was meant to be lived fully.
Milan Panić was, quite simply, larger than life.
His professional accomplishments will remain part of the historical record. The pharmaceutical company he created, the political battles he fought, the scientific work he championed and the remarkable journey from wartime Belgrade to American entrepreneurship are an enduring legacy.
But for the people who loved him, his greatest legacy cannot be measured in companies, titles or history books. It is measured in the lives he changed, the opportunities he created, the people he believed in, the family he loved and the extraordinary force of life that was Milan.
He will be profoundly missed and forever remembered.
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October 5, 2026
Working for Milan Panic was really an experience, challenging, crazy at times but never dull. Even into his eighties his mind was razor sharp and he had the stamina of many men half his age. Working for him we learned a lot about business as well as ourselves. I never met anyone who could analyze a business plan so quickly and his astute eye brought all of his management team to the top of their game. They were fun times and he will be sorely missed. My thoughts are with his family
October 4, 2026
1
Mr. Panic was much more than my boss. He was my inspiration and role model, and my connection to him was deeply personal. He was my father's (Zika Micic) best friend from their youth. To have someone who meant so much to my father become such an important part of my own life is something I will always treasure.
Serving as his Vice President for Research and Development at MP Biomedicals gave me the privilege of working closely with him and learning from him firsthand. I learned so much during those years, far beyond what any job description could capture. His example has stayed with me long after our work together, and I know it will continue to influence me.
It is difficult to say goodbye to someone who belongs to both your family’s history and your own. Alongside the sadness, I feel tremendous gratitude that I had the chance to know him in both ways: as my father’s closest friend and as the leader I was fortunate to work for.
Mr. Panic, thank you for everything you taught me and for the inspiration you gave me. I will miss you and will always be proud to have been part of your team.
With lasting respect and deep gratitude,
Prof. Miodrag “Mickey” Micic , Sc.D., Ph.D., and Micic's family
Serving as his Vice President for Research and Development at MP Biomedicals gave me the privilege of working closely with him and learning from him firsthand. I learned so much during those years, far beyond what any job description could capture. His example has stayed with me long after our work together, and I know it will continue to influence me.
It is difficult to say goodbye to someone who belongs to both your family’s history and your own. Alongside the sadness, I feel tremendous gratitude that I had the chance to know him in both ways: as my father’s closest friend and as the leader I was fortunate to work for.
Mr. Panic, thank you for everything you taught me and for the inspiration you gave me. I will miss you and will always be proud to have been part of your team.
With lasting respect and deep gratitude,
Prof. Miodrag “Mickey” Micic , Sc.D., Ph.D., and Micic's family
October 4, 2026
4
I have known Mr. Panic for 47 years. I started working for him in 1979. That’s when my life changed completely. He was my boss, my mentor and my friend through thick and thin. He taught me everything I know about business and life. When I first started working for him, I hadn’t even had my own checking account. By the end, I was doing his personal cash flow.
I traveled with him to most of the ICN subsidiaries around the world, working day and night. He gave me so many wonderful experiences and a chance to meet so many of my friends.
I was one of the five people granted a license to go to Yugoslavia with him when he was elected Prime Minister. It was also one of the hardest times for all of us, and yet a remarkable experience. That was the highlight of my life and my career, and I know it was definitely his. I worked right along side of him through the whole thing, traveling, practically every week to the US and other foreign countries trying to bring about peace in his homeland. I was with him in Sarajevo when David Kaplan was shot and killed. There were many very scary situations, and yet I saw him give up so much for the hope of peace to be realized.
He truly was a remarkable man, an entrepreneur, a philanthropist and a humanitarian.
I shall never forget you, Mr. Panic, and I hope that you rest in peace. You are so loved by so many and you will be missed by all.
Marcia O’Hagan
I traveled with him to most of the ICN subsidiaries around the world, working day and night. He gave me so many wonderful experiences and a chance to meet so many of my friends.
I was one of the five people granted a license to go to Yugoslavia with him when he was elected Prime Minister. It was also one of the hardest times for all of us, and yet a remarkable experience. That was the highlight of my life and my career, and I know it was definitely his. I worked right along side of him through the whole thing, traveling, practically every week to the US and other foreign countries trying to bring about peace in his homeland. I was with him in Sarajevo when David Kaplan was shot and killed. There were many very scary situations, and yet I saw him give up so much for the hope of peace to be realized.
He truly was a remarkable man, an entrepreneur, a philanthropist and a humanitarian.
I shall never forget you, Mr. Panic, and I hope that you rest in peace. You are so loved by so many and you will be missed by all.
Marcia O’Hagan
October 4, 2026
1
Our deepest condolences 💐 to you, Spencer and family.🙏
October 2, 2026
2
I offer my sincere condolences to Mr. Panic's entire family at this trying time. I have & have had extreme appreciation for MP during the over 30 years that I worked at his companies. The last few years were the best, working more closely with him. He was highly intelligent, kind & family oriented. He became one of my very favorite people. Fondly, I recall the times the subject of his God relationship surfaced. I do believe he made his peace & is right now partying in Heaven with friends & family who have already passed.
October 2, 2026
1
Today we honor the remarkable life of Milan Panić — a man whose life touched many worlds: business, public service, entrepreneurship, family, friendship, and community.
Milan lived a truly extraordinary life. He became the Prime Minister of Yugoslavia, served his country during a difficult and historic period, and was a man who was never afraid to take on great challenges. He was also a visionary entrepreneur and the founder and longtime CEO of ICN Pharmaceuticals, building a company that grew from an ambitious enterprise into an international pharmaceutical organization.
But titles, companies, and accomplishments — impressive as they were — tell only part of Milan’s story.
To those closest to him, Milan was first and foremost a husband, father, grandfather, and great-grandfather. His greatest legacy was not measured in business achievements or public office. It was measured in the people he loved, the family he built, and the memories he leaves behind.
Milan had the rare ability to live a life of enormous accomplishment while remaining connected to the people around him. As a neighbor and friend, he was someone with whom people could share a conversation, a laugh, a story, or simply the quiet familiarity that comes from being part of one another’s lives.
My friendship with Milan is a reminder that even people who accomplish extraordinary things are remembered most deeply for the personal relationships they create along the way.
Milan’s journey carried him across countries and continents and through some of the most remarkable chapters of modern history. Yet, through all of it, he remained a man with a family, friends, and people who cared about him.
For his family, his memory will live on in generations to come. For his friends, it will live on in stories and shared moments. And for those fortunate enough to have known him, there will always be a sense of gratitude for having crossed paths with a man whose life was anything but ordinary.
Milan leaves behind more than a distinguished name and an impressive legacy. He leaves behind people who loved him.
May his family find comfort in the life he lived, in the love he gave, and in the memories that will remain.
May he rest in peace.
Milan lived a truly extraordinary life. He became the Prime Minister of Yugoslavia, served his country during a difficult and historic period, and was a man who was never afraid to take on great challenges. He was also a visionary entrepreneur and the founder and longtime CEO of ICN Pharmaceuticals, building a company that grew from an ambitious enterprise into an international pharmaceutical organization.
But titles, companies, and accomplishments — impressive as they were — tell only part of Milan’s story.
To those closest to him, Milan was first and foremost a husband, father, grandfather, and great-grandfather. His greatest legacy was not measured in business achievements or public office. It was measured in the people he loved, the family he built, and the memories he leaves behind.
Milan had the rare ability to live a life of enormous accomplishment while remaining connected to the people around him. As a neighbor and friend, he was someone with whom people could share a conversation, a laugh, a story, or simply the quiet familiarity that comes from being part of one another’s lives.
My friendship with Milan is a reminder that even people who accomplish extraordinary things are remembered most deeply for the personal relationships they create along the way.
Milan’s journey carried him across countries and continents and through some of the most remarkable chapters of modern history. Yet, through all of it, he remained a man with a family, friends, and people who cared about him.
For his family, his memory will live on in generations to come. For his friends, it will live on in stories and shared moments. And for those fortunate enough to have known him, there will always be a sense of gratitude for having crossed paths with a man whose life was anything but ordinary.
Milan leaves behind more than a distinguished name and an impressive legacy. He leaves behind people who loved him.
May his family find comfort in the life he lived, in the love he gave, and in the memories that will remain.
May he rest in peace.
September 29, 2026
1
Milan was a great man. I loved him, and he had appreciation for me, He trust me with the Spain subsidiary where we did a great job, thanks to him and his trust. Some people "fear" him, but I learned that he was the way he was because he wanted to get the best from you, and many times he accomplished that. Actually, I learned that if you tell him the truth ALWAYS, he in return gave you his trust and help you all the way. I have missed him and his friendship, yes, because I consider him to be my friend all those years in Spain , and the few years that we were together until there was no more ICN and we parted ways. However, I will remember him until the last day of my life with great love and ....Milan I will see you soon, and we will talk again as the friends you were able to make me to feel., and I will tell you few but very important things. See you there, Boan
September 28, 2026
2
I am deeply saddened by the passing of Mr. Panic.
I still remember the first time I met him. I was a young assistant and interpreter, just starting my career, and I was very nervous. But Mr. Panic was so warm and kind that I felt at ease right away. I remember thinking: how can such a great man be so humble and approachable?
In the years since, I have worked at MP Biomedicals, the company he founded. Even today, his name is on our door, and his influence is everywhere: in the way we work, in the spirit of the company, and in the people he inspired.
To the Panic family, please accept my deepest condolences. Mr. Panic's legacy lives on in all of us, and we will carry it forward.
Rest in peace, Mr. Panic!
I still remember the first time I met him. I was a young assistant and interpreter, just starting my career, and I was very nervous. But Mr. Panic was so warm and kind that I felt at ease right away. I remember thinking: how can such a great man be so humble and approachable?
In the years since, I have worked at MP Biomedicals, the company he founded. Even today, his name is on our door, and his influence is everywhere: in the way we work, in the spirit of the company, and in the people he inspired.
To the Panic family, please accept my deepest condolences. Mr. Panic's legacy lives on in all of us, and we will carry it forward.
Rest in peace, Mr. Panic!
September 28, 2026
1
We are deeply saddened to hear about the passing of Mr Panić. He was a truly special person and will be fondly remembered. Our hearts go out to the entire family during this difficult time, please accept our deepest condolences.
Vera & Jasmina Racić
Vera & Jasmina Racić
September 28, 2026
3
MP/Milan/Mr. Panic/His Excellency - was never quite sure how to address him in the forty years I new him, but I do know that there's been no one I've known in my life who has created as much opportunity and so many great memories as MP did for countless people. Condolences to the many people who loved him.
September 28, 2026
1
Great man, great leader, great mentor. You have changed so many lives, mine included. Rest in piece, dear Milan.
September 28, 2026
2
I met Milan Panic in December 1990 and from that day he became far more than a chairman to me. He taught me a real-life MBA and, most of all, he gave me a positive and optimistic approach to business and life that I carry now.
Milan was a visionary and a pioneer. He opened new territories and new fields of business with courage very few people possess. He was always full of energy and devotion. He collected first-class people around him, and I will always be grateful for the chance to work with Milan and his star team.
Milan was my business-life father together with Theodore Olic. My ten years at ICN Pharmaceuticals remain the most interesting, exciting, sparkling, and educational experience of my entire professional life.
To Alexandra and the entire Panic family — please accept my deepest sympathy and condolences.
I will always keep the warmest memories of you, Milan.
Thank you for everything.
Rest in peace.
Andrei Hitrov
Milan was a visionary and a pioneer. He opened new territories and new fields of business with courage very few people possess. He was always full of energy and devotion. He collected first-class people around him, and I will always be grateful for the chance to work with Milan and his star team.
Milan was my business-life father together with Theodore Olic. My ten years at ICN Pharmaceuticals remain the most interesting, exciting, sparkling, and educational experience of my entire professional life.
To Alexandra and the entire Panic family — please accept my deepest sympathy and condolences.
I will always keep the warmest memories of you, Milan.
Thank you for everything.
Rest in peace.
Andrei Hitrov
September 27, 2026
I worked at ICN/SPI Pharmaceuticals, Viratek and later Valeant for 20 years right after graduating from college.
I remember one specific interaction soon after I started working there and being called into a meeting in the Board Room connected to Milan’s (Mr Panic at the time) office. I was responsible for preparing the daily cash report and he wanted to go through all the expenditures. Imagine a CEO wanting to go line by line of all expenditures. That embodied who he was, a leader who knew the business down to the details.
Rest in peace “Mr Panic”
I remember one specific interaction soon after I started working there and being called into a meeting in the Board Room connected to Milan’s (Mr Panic at the time) office. I was responsible for preparing the daily cash report and he wanted to go through all the expenditures. Imagine a CEO wanting to go line by line of all expenditures. That embodied who he was, a leader who knew the business down to the details.
Rest in peace “Mr Panic”
September 27, 2026
1
Our deepest and most heartfelt condolences to Spencer Panić and the entire Panić family on the passing of Milan. Our hearts are especially with Spencer Panić as he mourns the loss of his father. May the love and precious memories he shared with Milan bring him strength and comfort during this difficult time. Our thoughts and prayers are with Spencer, the entire Panić family, and all those who loved Milan. May Milan rest in eternal peace. With deepest sympathy, Mandica Oreskovic and the rest of the Oreskovic Family
September 27, 2026
I am sad to hear of Milan's passing. I first met him after I was hired at ICN in the Dosimetry Services Department, September 1996. My hiring as Worldwide Technical Director was held-up until he could be reached and approved while he was on international travel. I will always hold him in my thoughts and admiration as to what ultimately resulted in my catapulting in the industry, all the way until I was appointed President, Mirion Technologies, Dosimetry Devices Division in May 2007, transition from ICN Dosimetry to Global Dosimetry Solutions and ultimately Mirion Technologies. May his memory be a blessing.
September 27, 2026
2
Tužna je vest da se veliki gospodin Milan Panič preselio u večnost. Čovek velikog kova, borac, vizionar. Čovek istine, mira i dostojanstva. Čovek osmeha i nade. Slobodar i demokrata. Ostvario je svoj američki san, ali nije srpski san. Ratnici i prevaranti nisu razumeli njegove ideje koje su bile ispred tog vremena. Sve bi bilo.
drugacije.
Veliki i iskreni prijatelju, Milane Paniću, počivaj u nebeskom miru! Manjo Vukotić
drugacije.
Veliki i iskreni prijatelju, Milane Paniću, počivaj u nebeskom miru! Manjo Vukotić
September 26, 2026
Trabalhei na ICN Brasil e MP Bio por 24 anos e desde 1970 tive o enorme prazer de conhecer o Mr.Panic.
Sentirei saudades daqueles velhos tempos .
Fique com Deus,meu amigo
Sentirei saudades daqueles velhos tempos .
Fique com Deus,meu amigo
September 26, 2026
1
I spent 22 years of my life working for ICN and for Milan. I started working for Milan as a 6 month trainee from Argentina. I became a full time employee and ended up staying in the US and building my life and family here. Milan had a lot to do with this.
He was brilliant; charismatic; controversial. But no matter how you look at him; a Legend. Rest in peace Milan Paniic.
He was brilliant; charismatic; controversial. But no matter how you look at him; a Legend. Rest in peace Milan Paniic.
September 26, 2026
4
The ingenuity of a man who shaped our era will live on through his successors and in the legacy he leaves behind. We are deeply and immeasurably grateful that we had the privilege of knowing him.
Our deepest condolences to his family.
Jelica and Maša Petrović
Our deepest condolences to his family.
Jelica and Maša Petrović
September 26, 2026
1
Mr. Panics was a remarkable leader and businessman. I feel truly honored to have become part of MP through his acquisition and to have had the opportunity to work under his leadership. His vision, dedication, and leadership made a lasting impression on me and on many others. He will be greatly missed and always remembered with deep respect and gratitude.
September 26, 2026
1
In Memoriam — Milan Panić
I was deeply saddened by the passing of Milan Panić—founder of ICN Pharmaceuticals, businessman, former Prime Minister of Yugoslavia, the only politician I ever truly trusted, and only the second U.S. citizen ever to lead the government of another country.
My late father, Lazar Dević, who flew him on presidential JAT’s Boeing 727 flights, remembered that Panić hardly slept—always working and communcating—yet treated everyone with genuine care, regardless of nationality, religion, or background. That rare purity of purpose made him, to me, akin to another great Serbian and citizen of the world, Nikola Tesla: a man who achieved much, yet remained focused on what he could contribute to humanity. I admired his independence, his courage, and his belief in bringing good people together. When trust in politics was difficult, I believed him. His journey from Belgrade to America—from immigrant to pharmaceutical founder to Prime Minister—was extraordinary. But what I will remember most is the human being behind the titles.
Rest in peace, Milan Panić.
Hvala Vam. Večna Vam slava.
I was deeply saddened by the passing of Milan Panić—founder of ICN Pharmaceuticals, businessman, former Prime Minister of Yugoslavia, the only politician I ever truly trusted, and only the second U.S. citizen ever to lead the government of another country.
My late father, Lazar Dević, who flew him on presidential JAT’s Boeing 727 flights, remembered that Panić hardly slept—always working and communcating—yet treated everyone with genuine care, regardless of nationality, religion, or background. That rare purity of purpose made him, to me, akin to another great Serbian and citizen of the world, Nikola Tesla: a man who achieved much, yet remained focused on what he could contribute to humanity. I admired his independence, his courage, and his belief in bringing good people together. When trust in politics was difficult, I believed him. His journey from Belgrade to America—from immigrant to pharmaceutical founder to Prime Minister—was extraordinary. But what I will remember most is the human being behind the titles.
Rest in peace, Milan Panić.
Hvala Vam. Večna Vam slava.
September 26, 2026
3
Sadden to hear this bad news. Rest in Peace Mr Panic. In your life time, you have touched many people through your words, actions and love. You have taught me many things and I have many fond memories of you. My deepest condolences to your loved ones. Pray that they will be comforted that you have lived life to the fullest and have left behind fond memories to everyone he came across.
September 26, 2026
2
Tuzna vest o odlasku naseg sefa g-dina Milana Panica, zahvalni sto smo bili deo njegovog tima upucujemo saucesce porodici a mi cemo cuvati uspomene na njegovu neiscrpnu energiju u borbi za uspeh u svim sverama zivota
SIMKE, BABIC, LOPATIC
SIMKE, BABIC, LOPATIC
September 26, 2026
2
Milan Panic je bio izuzetno uspjesan biznismen i vizionar ali je iznad svega bio Covjek. Pamticu njegove savjete, brigu za saradnike, postovanje koje je pokazivao i u teskim vremenima njegovu borbu za uspjeh, za mir na prostorima drzave iz koje je poticao i za propagiranje univerzalnih vrijednosti.
Danas kada sam sa tugom primila vijest o njegovom odlasku, istovremeno sam kao i mnogo puta ranije osjetila ponos i privilegiju sto sam bila dio njegovog tima.
Iskreno saucesce porodici a veliki Milan Panic zauvijek ce ostati u sjecanju.
Danas kada sam sa tugom primila vijest o njegovom odlasku, istovremeno sam kao i mnogo puta ranije osjetila ponos i privilegiju sto sam bila dio njegovog tima.
Iskreno saucesce porodici a veliki Milan Panic zauvijek ce ostati u sjecanju.
September 26, 2026
4
The news of Mr. Milan Panić's passing has left me profoundly saddened. It is the kind of grief reserved for someone who shaped not just your career, but who you are as a person. I had the privilege of serving in his organization, helping to build his vision for life sciences and diagnostics across the Asia Pacific region and, ultimately, the world — an experience I will always be proud of.
Looking back, that time was not simply a career chapter. It was an education in how to think, how to lead, and how to live. I remember the energy he brought into every room he entered. It was impossible to be near Mr. Panić and not feel it — that restless, contagious belief that the impossible was simply a problem not yet solved. He had a way of seeing around corners, of sensing where an industry was heading before anyone else had noticed the shift. His strategic mind was sharp, his instincts about markets and people were uncanny, and his foresight about where science and business were converging shaped decisions that, years later, I would come to appreciate even more deeply.
What I loved most about Mr. Panić, though, was not his brilliance — it was his heart. He was kind in a way that powerful men are not always kind. He was patient with the people who worked hardest for him, even when he pushed them to their limits. He understood people, not just balance sheets. He gave opportunities to those of us who might never have had them otherwise, entrusting me with responsibilities across an entire region and, later, a global stage, at a point in my career when few others would have taken that chance. That trust changed the course of my professional life.
He was also a man impossible to ignore and impossible to forget. Whether in a boardroom or a meeting halfway across the world, Mr. Panić commanded attention — not through volume, but through conviction. He asked hard questions because he genuinely wanted better answers, and he demanded excellence because he believed everyone around him was capable of more than they believed of themselves. I am one of the many people who benefited from that belief, and I carry his lessons with me every day, even now, in how I approach my own business and my own decisions.
Milan Panić was a mentor, a visionary, and, in every sense that mattered, a friend. The world has lost a rare kind of leader — one who combined intellect with generosity, ambition with kindness, and vision with genuine care for the people who walked the journey with him.
Rest in peace, Mr. Panić. Thank you for everything you gave me, and for believing in me when it mattered most. You will be deeply missed and never forgotten.
Looking back, that time was not simply a career chapter. It was an education in how to think, how to lead, and how to live. I remember the energy he brought into every room he entered. It was impossible to be near Mr. Panić and not feel it — that restless, contagious belief that the impossible was simply a problem not yet solved. He had a way of seeing around corners, of sensing where an industry was heading before anyone else had noticed the shift. His strategic mind was sharp, his instincts about markets and people were uncanny, and his foresight about where science and business were converging shaped decisions that, years later, I would come to appreciate even more deeply.
What I loved most about Mr. Panić, though, was not his brilliance — it was his heart. He was kind in a way that powerful men are not always kind. He was patient with the people who worked hardest for him, even when he pushed them to their limits. He understood people, not just balance sheets. He gave opportunities to those of us who might never have had them otherwise, entrusting me with responsibilities across an entire region and, later, a global stage, at a point in my career when few others would have taken that chance. That trust changed the course of my professional life.
He was also a man impossible to ignore and impossible to forget. Whether in a boardroom or a meeting halfway across the world, Mr. Panić commanded attention — not through volume, but through conviction. He asked hard questions because he genuinely wanted better answers, and he demanded excellence because he believed everyone around him was capable of more than they believed of themselves. I am one of the many people who benefited from that belief, and I carry his lessons with me every day, even now, in how I approach my own business and my own decisions.
Milan Panić was a mentor, a visionary, and, in every sense that mattered, a friend. The world has lost a rare kind of leader — one who combined intellect with generosity, ambition with kindness, and vision with genuine care for the people who walked the journey with him.
Rest in peace, Mr. Panić. Thank you for everything you gave me, and for believing in me when it mattered most. You will be deeply missed and never forgotten.
September 26, 2026
2
There are no enough descriptive words that would describe what kind of a human being Mr.Panic was.
One of a kind!
A visioner with a sharp mind, but big heart, charismatic and enthusiastic.
Life didn't treat him fair always, but he embraced it and lived it to the fullest.
Dear Mr.Panic one word that was so important for you when you were alive, now took a charge - rest in PEACE, between good souls!
You will remain forever in the hearts of the right people in your California, Serbia and all over the world.
People who truly loved and respected you feel very sad
from 24-Sep. 2026.and will keep you in lasting memory.
Thank You Mr. Panic.
One of a kind!
A visioner with a sharp mind, but big heart, charismatic and enthusiastic.
Life didn't treat him fair always, but he embraced it and lived it to the fullest.
Dear Mr.Panic one word that was so important for you when you were alive, now took a charge - rest in PEACE, between good souls!
You will remain forever in the hearts of the right people in your California, Serbia and all over the world.
People who truly loved and respected you feel very sad
from 24-Sep. 2026.and will keep you in lasting memory.
Thank You Mr. Panic.
September 26, 2026
2
I had the privilege of working for Mr. Panić for over 20 years. I was so deeply saddened to hear of his loss. He was one of the most intelligent and influential man I had every met. It was a privilege to work for him and his family at MP Aviation. Many wonder memories of travel,conversations,and inspiring times with him. The world lost a a wonderful businessman and Politician. Sir you will be greatly missed..
September 26, 2026
1
I was deeply saddened to hear about the passing of Mr. Milan Panic.
I had the privilege of being part of MP Biomedicals from September 2011 to August 2017 as the Asia Pacific eBusiness Manager. Although I was relatively young in my career at the time, I had the opportunity to experience Mr. Panic’s leadership closely during our review meetings.
What I always admired most was the way he treated his employees. He had a remarkable eye for detail, a deep passion for the business, and an incredible energy and drive to make the organisation better. His presence, his questions, and the way he engaged with people left a lasting impression on me.
Looking back today, I realise how fortunate I was to have witnessed his leadership at that stage of my career. I may have been young then, but I genuinely admired and respected Mr. Panic, and I will always remember the impact he made.
My heartfelt condolences to his family, colleagues, and everyone at MP Biomedicals who had the privilege of knowing and working with him.
May his legacy continue to inspire.
With deepest respect and condolences.
I had the privilege of being part of MP Biomedicals from September 2011 to August 2017 as the Asia Pacific eBusiness Manager. Although I was relatively young in my career at the time, I had the opportunity to experience Mr. Panic’s leadership closely during our review meetings.
What I always admired most was the way he treated his employees. He had a remarkable eye for detail, a deep passion for the business, and an incredible energy and drive to make the organisation better. His presence, his questions, and the way he engaged with people left a lasting impression on me.
Looking back today, I realise how fortunate I was to have witnessed his leadership at that stage of my career. I may have been young then, but I genuinely admired and respected Mr. Panic, and I will always remember the impact he made.
My heartfelt condolences to his family, colleagues, and everyone at MP Biomedicals who had the privilege of knowing and working with him.
May his legacy continue to inspire.
With deepest respect and condolences.
September 26, 2026
4
MP was one of those rare people who seemed to live several lives in one.
I feel deeply fortunate to have known him and worked for him during my years at MP Biomedicals. Some of the most memorable days of my professional life came from that chapter.
Once you meet someone like MP, your sense of what one person can achieve changes forever. He lived boldly, thought big, took risks and always lived life on his own terms.
A truly larger-than-life man.
Rest in peace, MP. Thank you for the memories, the lessons, and for showing us just how much one lifetime can contain. 🙏🙏🙏
I feel deeply fortunate to have known him and worked for him during my years at MP Biomedicals. Some of the most memorable days of my professional life came from that chapter.
Once you meet someone like MP, your sense of what one person can achieve changes forever. He lived boldly, thought big, took risks and always lived life on his own terms.
A truly larger-than-life man.
Rest in peace, MP. Thank you for the memories, the lessons, and for showing us just how much one lifetime can contain. 🙏🙏🙏
September 26, 2026
1
Jedan od retkih mudrih i hrabrih ljudi koje je Srbija iznedrila u ovom veku. Hvala mu na svemu što je činio za Srbiju i ljude. Neka mu je večna slava.
September 26, 2026
3
A great man and an outstanding individual has passed away. He was a friend to Russia, and he taught those who worked with him how to be happy. Mr. Panich will forever remain in my heart. Farewell, my boss and my teacher. I offer my deepest condolences to his family and loved ones.
September 26, 2026
7
Mr Panic was a great man who united our souls for several decades and led us to the bright future with flying colors. Simple, easygoing and very intelligent. May you rest in peace 🙏🙏🙏
September 26, 2026
Dear Milan, God bless you. I was inspired by your charisma and energy. Will always remember you and my time at ICN. May you rest in peace!
September 26, 2026
1
Milan Panić is the man who briefly brought optimism to the ruined Serbia in 1992. I was a student and the second student protest was going on. I remember him when he "flew" into the Hall of Heroes at the Faculty of Philology. Everyone felt incredible energy and optimism. In a short, dirty and unequal campaign that lasted barely 15 days, he managed to win 32% of the votes against Milosevic. He then showed everyone that an autocratic regime and a dictator can be overthrown in elections. Unfortunately, he was a man ahead of his time and Serbia was not ready for him. Sincere condolences to the family and great gratitude for the moments of optimism that he brought us in those days in 1992, and of course for the personal sacrifice he made trying to help his homeland. Rest in peace big man!
September 26, 2026
3
Milan Panic was a true force of nature. He had an unbreakable will and an extraordinary capacity for work. Demanding of others as he was of himself, he combined rare intelligence with an exceptional gift for analysis and discernment, and the remarkable ability to make even the most complex problems simple and clear.
Deeply optimistic and driven, he also possessed a profound and contagious sense of humour, as well as great loyalty in friendship. He knew how to be grateful and truly attentive to those close to him : family, friends, and colleagues. He remained deeply attached to his roots and to his beloved Serbia, for which he would so much have wished to do more.
I am deeply grateful for having had the privilege of knowing him and being by his side for several years.
My heartfelt condolences to all his loved ones.
May he now rest in peace.
Deeply optimistic and driven, he also possessed a profound and contagious sense of humour, as well as great loyalty in friendship. He knew how to be grateful and truly attentive to those close to him : family, friends, and colleagues. He remained deeply attached to his roots and to his beloved Serbia, for which he would so much have wished to do more.
I am deeply grateful for having had the privilege of knowing him and being by his side for several years.
My heartfelt condolences to all his loved ones.
May he now rest in peace.
September 26, 2026
His inspiration, drive and intelligence were amazing - I was allowed to met him around 1993/94 and left ICN in 2002 after supporting the growth in Western Europe with a lot of others.He has challenged me in a inspirational way - I learned a lot from him - and I am very thankful to met him personally at different location from Moscow, Belgrade, Amsterdam or at his private place. Really appreciated.
September 26, 2026
1
Milan Panic was a public figure known by many, but I was fortunate to know the man behind the public image. For almost ten years, I witnessed his quiet acts of kindness and generosity toward people in need.
Despite his success, Mr Panic never forgot his humble beginnings. He remained a man with a heart of gold, a genuine curiosity, and a deep care for others.
My thoughts are with Alexandra and his grandson Yasin, whom I had the privilege of working alongside. It comforts me to know Mr Panic was surrounded by people who loved him for who he truly was.
I will always be grateful to have known him. May he rest in peace.
Despite his success, Mr Panic never forgot his humble beginnings. He remained a man with a heart of gold, a genuine curiosity, and a deep care for others.
My thoughts are with Alexandra and his grandson Yasin, whom I had the privilege of working alongside. It comforts me to know Mr Panic was surrounded by people who loved him for who he truly was.
I will always be grateful to have known him. May he rest in peace.
September 25, 2026
It is with deep sadness that I learned about passing of Mr. Milan Panic. My deepest condolences to his family. All important lessons that I needed to learn about successful drug development and management I learned while at ICN Pharmaceuticals under visionary leadership of Mr. Panic and his generous support of young professionals like me. ICN under the leadership of Mr. Panic was a trail blazer in antiviral drug development, bringing innovative therapies to market that revolutionized the way how we treat Hepatitis C and other viral diseases, making positive change in lives of so many patients.
Mr. Panic, thank you for your support and encouragement.
Rest in peace, may God keeps you in his eternal mercy.
With gratitude,
Suzana Corritori (formerly Jovanovic), MD, PhD, MSc.
Mr. Panic, thank you for your support and encouragement.
Rest in peace, may God keeps you in his eternal mercy.
With gratitude,
Suzana Corritori (formerly Jovanovic), MD, PhD, MSc.
September 25, 2026
2
I had the privilege of teaching his son Spencer for two years. Milan was always so kind and lovely whenever we interacted. Incredibly sorry to hear of his passing.
September 25, 2026
2
A tribute to the late Mr Milan Panić, my former employer and mentor at ICN. He certainly was a hard working and focused leader. He encouraged us to not just work hard but smart and with passion. He encouraged us to break tasks down into achievable goals. He was one who was all for celebrating success but also to be robust about overcoming mediocrity. He was a fashionable dresser and enjoyed the good things in life. The world was blessed by his presence.
September 25, 2026
1
A tribute to the late Mr Milan Panić, my former employer and mentor at ICN. He certainly was a hard working and focused leader. He encouraged us to not just work hard but smart and with passion. He encouraged us to break tasks down into achievable goals. He was one who was all for celebrating success but also to be robust about overcoming mediocrity. He was a fashionable dresser and enjoyed the good things in life. The world was blessed by his presence.
September 25, 2026
2
Irene and I met Milan over forty years ago.
It has been a true adventure in working with him and enjoying so many vacations with Milan and his Family.
Milan will be in our hearts forever and will be truly missed.
Our condolences to his Family.
It has been a true adventure in working with him and enjoying so many vacations with Milan and his Family.
Milan will be in our hearts forever and will be truly missed.
Our condolences to his Family.
September 25, 2026
6
Milan Panic was a great man in many ways. I am proud to have known him and to have worked with him. My deepest condolences to Alex and his family. He will be dearly missed and remembered by many who worked with him to setup MP Biomedicals in Singapore.
September 25, 2026
10
Ponosan sam što sam značajan deo života proveo uz čoveka koji je tako puno znao, tako puno hteo, tako puno mogao !
Milane počivaj u miru neka te andjeli čuvaju!
Neka Ti je večna slava i hvala !!'
Milane počivaj u miru neka te andjeli čuvaju!
Neka Ti je večna slava i hvala !!'
September 25, 2026
1
So sorry to hear about Milan's passing. He was the living history of the 20th century, a titan from WWII and the Cold War to California's rise and the struggle for Yugoslavian peace. Truly a remarkable life. Deepest condolences to his family, friends, and all the lives he touched.
September 25, 2026
3
I am profoundly saddened to hear of the passing of my dear grand uncle, Milan. He was a man of great wisdom and warmth, and someone whose presence left a lasting impression on everyone fortunate enough to know him. His love for his family and the guidance he gave throughout his life will never be forgotten.
Milan played an important role in my life from a young age. He encouraged me to become independent, strong, and capable; all of his advice and support stayed with me. He was not only an important influence in my life, but someone I could always look to for wisdom, encouragement, and, often, a good laugh.
I will always cherish the memories we shared and the many stories and adventures that became part of our family’s history. I feel incredibly fortunate to have had him in my life.
His influence reached far beyond any one moment, and his memory will continue to live on through our family and the generations that follow. He will be deeply missed, lovingly remembered, and forever remain an important part of my life. May he rest peacefully.
- Louis Ivkovic
Milan played an important role in my life from a young age. He encouraged me to become independent, strong, and capable; all of his advice and support stayed with me. He was not only an important influence in my life, but someone I could always look to for wisdom, encouragement, and, often, a good laugh.
I will always cherish the memories we shared and the many stories and adventures that became part of our family’s history. I feel incredibly fortunate to have had him in my life.
His influence reached far beyond any one moment, and his memory will continue to live on through our family and the generations that follow. He will be deeply missed, lovingly remembered, and forever remain an important part of my life. May he rest peacefully.
- Louis Ivkovic
September 25, 2026
21
My hearth goes to Milan Spencer Panic and Timothy Panic, Milan's beloved sons, during this difficult time. May they find comfort in the love and cherished memories they shared with their father. His presence will be deeply missed, and his memory will forever remain in their hearts.
September 25, 2026
3
Какой источник разума погас, какое сердце биться перестало! Он делал мир и людей лучше.
September 25, 2026
2
I had the opportunity to work for ICN Iberica for five years. I meet frequently with him in the Management Meetings I appreciate very much the lessons I have got from him. I would like to give my condolences to the family.
September 25, 2026
1
He was a great man and distant mentor!!
September 25, 2026
4
One of the most genuine human beings I've met. Honored to have written this his biography. Condolences to his family. Mark Axelrod-Sokolov
September 25, 2026
3
I was deeply saddened to hear of the passing of my great-granduncle, Milan. He was a symbol of peace, kindness, and wisdom, and an inspiration to so many whose lives he touched. His contributions to the world, as well as the love and time he gave to his family, will never be forgotten.
Milan played an important role in shaping my father, Ljubomir Ivkovic, from a young age. He encouraged him to become an independent, strong, and capable businessman, while also offering his guidance and support as my father and mother, Alexandra Ivkovic, navigated the many challenges and joys of adulthood. His influence on our family extended far beyond any one moment, leaving a lasting legacy that continues through us.
I have a handful of my own memories with Milan, and I hold each of them very close to my heart. He was always kind, wise, and full of life, with a wonderful sense of humor and an ability to make those around him feel at ease. I feel fortunate to have known him and to have shared those moments with him.
Throughout my life, I have heard countless stories from my father about Milan and the adventures they shared. Those stories were always filled with excitement, laughter, and inspiration, and they gave me a deeper appreciation for the remarkable person he was.
Milan’s life touched generations of our family, and his memory will live on in all of us who had the privilege of knowing and loving him. May he rest peacefully, surrounded once more by the people he loved most. He will be deeply missed and forever remembered ❤️🩹❤️🩹❤️🩹
Milan played an important role in shaping my father, Ljubomir Ivkovic, from a young age. He encouraged him to become an independent, strong, and capable businessman, while also offering his guidance and support as my father and mother, Alexandra Ivkovic, navigated the many challenges and joys of adulthood. His influence on our family extended far beyond any one moment, leaving a lasting legacy that continues through us.
I have a handful of my own memories with Milan, and I hold each of them very close to my heart. He was always kind, wise, and full of life, with a wonderful sense of humor and an ability to make those around him feel at ease. I feel fortunate to have known him and to have shared those moments with him.
Throughout my life, I have heard countless stories from my father about Milan and the adventures they shared. Those stories were always filled with excitement, laughter, and inspiration, and they gave me a deeper appreciation for the remarkable person he was.
Milan’s life touched generations of our family, and his memory will live on in all of us who had the privilege of knowing and loving him. May he rest peacefully, surrounded once more by the people he loved most. He will be deeply missed and forever remembered ❤️🩹❤️🩹❤️🩹
September 25, 2026
5
Condolences to Alexandra and his family. Mr. Panic was truly a remarkable man and had touched many lives. Eternal rest grant upon him O Lord, may everlasting light shine upon him, may his soul rest in peace 🙏
September 25, 2026
3
Milan and my late husband, Birch Bayh, shared a decades-long and deep friendship. They loved each other's company, enjoying play or endlessly talking American democracy & history. When Birch lay dying in our Maryland home in 2019, Milan rushed from California to be at his bedside. When Milan arrived, Birch said, “I waited for you, Brother.” Surely dear Milan has had a gentle Homecoming, welcomed I like to think by a man who loved him dearly and tenderly.
Emily Dickinson wrote, “Unable are the Loved to die / For Love is Immortality, / Nay, it is Deity - / Unable they that love – to die / For Love reforms Vitality / Into Divinity.” I hope Milan’s family can hold to this. With love to you all, Kitty
Emily Dickinson wrote, “Unable are the Loved to die / For Love is Immortality, / Nay, it is Deity - / Unable they that love – to die / For Love reforms Vitality / Into Divinity.” I hope Milan’s family can hold to this. With love to you all, Kitty
September 25, 2026
3
I’m sad today. We lost a great man today. I’ve known Melan over 56 years, since I was ten or earlier. My dad Branko knew him longer, was his consultant and very close friend. He was like my uncle, full of energy always. Wanted to know if I needed something, and if I was ok. He was like that with everyone. He lived life to the fullest, many will miss him. I will miss him. Now he’s in a better place. Miss you and love you Melan for ever.❤️🙏❤️💪🇺🇸🇷🇸
September 25, 2026
1
One of the most genuine of people I had ever met.It was a privilege to have written his biography. Condolences to his family.
September 25, 2026
12
I am profoundly saddened over the loss of this man. I have known him closely for 58 years, most of my life. He was larger than life, not just to me but the hundreds of thousands of people who knew him. My deep condolences go out to Alex, Dawn, Vickie, Yassin, Yusra and Mohammed - I know how much they loved him and will miss him. Milan was a gift - a very special man. I am so lucky to have been able to share so much with him. Rest in Peace Milan, and thank you. You and Junior can now go fishing again.
Service, Burial and Reception
Dear Friends and Family,
Please join us in honoring and remembering Milan Panic as we lay him to rest. Your presence would mean a great deal to our family during this time of remembrance and reflection.
Please join us in honoring and remembering Milan Panic as we lay him to rest. Your presence would mean a great deal to our family during this time of remembrance and reflection.
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