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John A. MacPhee Resigns From Strativa Pharmaceuticals
Date:12/17/2010

WOODCLIFF LAKE, N.J., Dec. 17, 2010 /PRNewswire-FirstCall/ -- Par Pharmaceutical Companies, Inc. (NYSE: PRX) announced today that John A. MacPhee, has resigned his positions as President of Strativa Pharmaceuticals and Executive Vice President of Par Pharmaceutical Companies to pursue other interests effective January 31, 2011.  Patrick G. LePore, Par Pharmaceutical Companies, Chairman, CEO and President, will assume day-to-day oversight of Strativa on an interim basis.

Patrick G. LePore states, "In six years, John has successfully built a valuable platform and product portfolio that establishes Strativa as one of the best positioned young specialty companies in the industry.  I thank him for his many contributions and wish him well in his future pursuits."  Mr. LePore continues, "We remain fully committed to the business model and to driving growth in both our generic and branded divisions."

About Strativa Pharmaceuticals

Strativa Pharmaceuticals, the proprietary products division of a wholly owned subsidiary of Par Pharmaceutical Companies, Inc. (NYSE: PRX), excels at finding, enhancing, and bringing to market drugs that make a meaningful difference to patients. For more information about Strativa, visit www.strativapharma.com.

About Par Pharmaceutical Companies

Par Pharmaceutical Companies, Inc. is a U.S.-based specialty pharmaceutical company.  Through its wholly owned subsidiary's two operating divisions, Par Pharmaceutical and Strativa Pharmaceuticals, it develops, manufactures and markets higher-barrier-to-entry generic drugs and niche, innovative proprietary pharmaceuticals.  For press releases and other company information, visit www.parph
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SOURCE Par Pharmaceutical Companies, Inc.
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