Sunday, July 17, 2011

Medicis CEO's Six-Year-Old Son Dies From Accident Injuries

NEW YORK (Dow Jones)--The six-year-old son of Medicis Pharmaceutical Corp. (MRX) founder and Chief Executive Jonah Shacknai has died from injuries suffered in an accident in his California home last week, two days before Shacknai's girlfriend was found dead at the same property.
The news came in a joint statement late Sunday from the 54-year-old Shacknai and his ex-wife, Dina, the mother of Max Shacknai. In the statement, they asked that the public respect the privacy of the families and expressed gratitude for "the tremendous outpouring of support provided during this very difficult time."
Medicis makes dermatological and aesthetic drugs, including acne treatment Solodyn as well as Dysport, which competes with Allergan Inc.'s (AGN) Botox. The Scottsdale, Ariz., company had $700 million in revenue last year.
Max became severely injured after falling down the stairs at the Shacknai's California home last Monday. Two days later, his father's 32-year-old girlfriend Rebecca Nalepa was found dead in a case that authorities described as bizarre and unusual. Nalepa was discovered nude with a rope around her neck, hanging from a balcony off the main house, with her hands and feet bound.
Authorities have said there is no investigation into Max's fall in the house and there has been no connection made between the two incidents.
Investigators haven't determined whether Nalepa's death was a homicide or not. No suspects or persons of interest have been named, and Jonah Shacknai was not home when Nalepa was found in Wednesday morning or when local Police arrived at the scene, according to the San Diego County Sheriff's office.

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