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PAR PHARMA RECORDS $35M QUARTERLY LOSS

March 1, 2006

Par Pharmaceutical Cos. reported today that it lost $34.9 million, or $1.02 a share, during the fourth quarter, brought down in large measure by charges related to the sale of its FineTech Laboratories Ltd. unit. A year ago, Woodcliff Lake, N.J.-based Par reported net income of $5.2 million, or 14 cents a share, for the three months ending Dec. 31, 2004. Par has major operations in Chestnut Ridge.
The Journal News