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Par Pharmaceutical Companies Reports Fourth Quarter and Full-Year Results for 2010
Date:2/24/2011

U.S. for Accolate are approximately $50 million.

On January 3, 2011, Par Pharmaceutical successfully launched all strengths of amlodipine besylate and benazepril hydrochloride capsules, the generic version of Novartis' Lotrel®.  Par has been awarded 180 days of marketing exclusivity for the 5/40mg and 10/40mg strengths, commencing at launch, for being the first to file an ANDA containing a paragraph IV certification for the product.  According to IMS Health data, annual sales in the U.S. for these two strengths of Lotrel are approximately $361 million.

On January 3, 2011, Par Pharmaceutical successfully launched the 225mg, 325mg, and 425mg strengths of propafenone SR capsules, the generic version of GlaxoSmithKline's Rythmol SR®.  Par Pharmaceutical has been awarded 180 days of marketing exclusivity, commencing at launch, for being the first to file an ANDA containing a paragraph IV certification for the product.  According to IMS Health data, annual sales in the U.S. of Rythmol are approximately $121 million.

Par Pharmaceutical along with third-party partners currently have approximately 29 ANDAs pending with the FDA, 11 of which it believes to be first-to-file opportunities with a brand value of approximately $8.0 billion.

Conference Call Par Pharmaceutical Companies, Inc has scheduled a conference call for Thursday, February 24 at 9:00 am EST to discuss results for the fourth quarter and full year 2010.  The Company 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 www.parpharm.com.

Dial-in InformationDomestic:

866-383-8008International:

617-597-5341Passcode:

93413925A replay of the conference call will be available for two weeks approximately one hour after the call.


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SOURCE Par Pharmaceutical Companies, Inc.
Copyright©2010 PR Newswire.
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