Par Pharmaceutical Reports Fourth Quarter and Full Year 20...(nts made in this news release containinf...),Health

Date:2/29/2008

nts made in this news release contain information that is not historical, these statements are essentially forward- looking and, as such, are subject to risks and uncertainties, including the difficulty of predicting FDA filings and approvals, acceptance and demand for new pharmaceutical products, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, uncertainty of patent litigation filed against the Company, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), such as the company's reports on Form 10-K, Form 10-Q and Form 8-K, and amendments thereto. Any forward-looking statements included in this press release are made as of the date hereof only, based on information available to the Company as of the date hereof, and, subject to any applicable law to the contrary, the Company assumes no obligation to update any forward-looking statements.

PAR PHARMACEUTICAL COMPANIES, INC.

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2007 AND 2006

(In Thousands, Except Share Data)

December 31, December 31,

2007 2006

ASSETS (Restated)

Current assets:

Cash and cash equivalents $200,132 $120,991

Available for sale debt and

marketable equity securities 85,375 92,120

Accounts receivable, net 64,182 99,043

Inventories 84,887 106,322

Prepaid expenses and other

current assets 14,294 15,833

Deferred income tax
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SOURCE Par Pharmaceutical Companies, Inc. Copyright©2008 PR Newswire. All rights reserved

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