Pharmaceutical executive Michael Jaharis dies at age 87

AP News
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Posted: Feb 18, 2016 2:47 PM

NEW YORK (AP) — Pharmaceutical executive and philanthropist Michael Jaharis (Jah-HAIR'-ihs) has died at the age of 87.

Jaharis' death Wednesday at his home in New York was announced by Peggy Nicholson, the executive director of the Jaharis Family Foundation. She did not specify a cause.

Jaharis was CEO of Key Pharmaceuticals from 1972 until its merger with the Schering-Plough Corporation in 1986. In 1988 he founded Kos Pharmaceuticals Inc.

After selling Kos to Abbott Laboratories in 2006, Jaharis co-founded the investment group Vatera Healthcare Partners LLC.

According to Forbes magazine, Jaharis was worth $2.2 billion and was No. 297 on the list of U.S. billionaires.

Jaharis and his wife, Mary, supported a wide range of philanthropic endeavors in areas including education, medicine, the arts and the international refugee crisis.