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Par Pharmaceutical Files Form 10-K for 2006 -- Company to Hold First Analysts' Meeting September 28, 2007
Date:9/6/2007

, the company is recording the payment obligation under the notes as a current liability on the company's consolidated balance sheet as of December 31, 2006, because the court in the matter could rule against the company's position and determine that the appropriate remedy would be the accelerated payment of the notes.

Analysts' Meeting

To provide an update on the company's business strategy and results, Par will hold a meeting with investment analysts from 8:30 a.m. EDT to 11:00 a.m. EDT on Friday, September 28. Patrick G. LePore, chairman, chief executive officer and president of Par, will host the meeting. Investors and the general public can view and listen to a live webcast of the meeting by accessing the company's website at http://www.parpharm.com. An archived copy of the webcast will be available on the same website.

For a copy of Par's 2006 Annual Report on Form 10-K, visit Investors/SEC Filings on the Par web site at http://www.parpharm.com.

Non-GAAP Measures

Par prepares its consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). In an effort to provide investors with additional information regarding the company's results and to provide a meaningful year-over-year comparison of the company's financial performance, the company sometimes uses non-GAAP financial measures as defined by the Securities and Exchange Commission. The differences between the U.S. GAAP and non-GAAP financial measures are reconciled in the attached. In presenting comparable results, the company discloses non-GAAP financial measures when it believes such measures will be useful to investors in evaluating the company's underlying business performance. Management uses the non-GAAP financial measures to evaluate the company's financial performance against internal budgets an
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SOURCE Par Pharmaceutical Companies, Inc.
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