In recognition of the gift, which will support efforts to advance innovative treatments and cures in dermatology, the department will be renamed the Dr. Phillip Frost Department of Dermatology and Cutaneous Surgery. Frost completed his medical residency at UM/Jackson Memorial Hospital and, from 1966 to 1972, served as a professor of dermatology at the university's Miller School of Medicine.
"Patricia and I are here in Florida because of the Department of Dermatology at UM," said Frost. "When I was working as a clinical associate at the National Cancer Institute, Dr. Harvey Blank, the chairman of the department, came to Bethesda to invite me to come to Miami to join the department. This was an offer we're glad we couldn't and didn't refuse."
Starting with a gift in support of the School of Music in 1989, the Frosts' philanthropic support of the university has included a $33 million naming gift in 2003 to the Phillip and Patricia Frost School of Music and a $100 million gift in 2016 in support of science and engineering research. A member of the university's board since 1983 and a former board chair, Frost is CEO and chair of OPKO Health, a biopharmaceutical and diagnostics company. He also founded IVAX Pharmaceuticals, one of the largest U.S. generic drug manufacturers, which he sold to TEVA Pharmaceuticals in 2006.
"Before Dr. Frost became a giant in industry, he was a dermatology icon whose research continues to impact clinical care," said Robert S. Kirsner, Harvey Blank Professor and Chair of the Department of Dermatology and Cutaneous Surgery. "Dr. Frost's gift, the associated prestige, and the confidence Dr. Frost has demonstrated in our department will empower our current and future clinicians and scientists to improve patients' lives beyond the Miller School of Medicine."