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Par Pharmaceutical Reports First Quarter 2008 Results
Date:5/8/2008

margin of $20-$28 million and $7-$10 million, respectively, to the Company. In 2012, Par anticipates two key generic launches that are expected to have a range of net sales and gross margin of $14-$20 million and $12-$17 million, respectively, to the Company. These estimates are, of course, subject to future developments, not all of which may be anticipated at this time. See Key Generic Product Pipeline chart at the end of this press release.

In addition to these current first-to-file opportunities, Par is diligently working on other promising development products and business development opportunities that it anticipates will continue to enhance the Company's future sales opportunities.

Conference Call

Par has scheduled a conference call for Friday, May 9 at 9:00 am EDT to discuss results for first quarter of 2008. Par invites investors and the general public to listen to a webcast of the conference call. Access to the live webcast can be made via the Company's website at http://www.parpharm.com and will be available for two weeks.

The dial-in number is 888-713-4214 for domestic callers and 617-213-4866 for international callers. The access number is 85327955. A replay of the conference call will be available commencing approximately one hour after the call. The replay dial-in number is 888-286-8010 for domestic callers and 617-801-6888 for international callers. The access number is 16325023.

For a copy of Par's Form 10-Qs for the quarter ended March 29, 2008, visit Investors/SEC Filings on the Par web site at http://www.parpharm.com.

About Par

Par Pharmaceutical Companies, Inc. develops, manufactures and markets generic drugs and innovative branded pharmaceuticals for specialty markets. For press release and other company information, visit http://www.parpharm.com<
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SOURCE Par Pharmaceutical Companies, Inc.
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