Woodcliff Lake, N.J., May 23, 2007 — Par Pharmaceutical Companies, Inc. (NYSE: PRX) will be presenting at the 2007 Friedman Billings Ramsey Growth Conference on Wednesday, May 30, at 9:45 a.m. EDT at The Grand Hyatt New York.

The audio-only live webcast will be accessible through the Friedman Billings Ramsey website at www.wsw.com/webcast/fbr19/prx/ or through the Par website at www.parpharm.com. A replay will be available at the same link address for 90 days after the conference and will begin immediately after the presentation.

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 www.parpharm.com.

Investor contact:
Stephen J. Mock

Media contact:
Peter Wolf
Par Pharmaceutical Companies, Inc.
(201) 802-4000