Exhibit 21

                          Subsidiaries of Registrant


 
 
                                     State or Other                            
                                     Jurisdiction      Name Under which        
     Name                            of Incorporation  Business is conducted   
     ----                            -------------------------------------------
                                                                      
Pharmaceutical Resources, Inc.                                                 
                                                                               
     Par Pharmaceutical, Inc.        New Jersey        Par Pharmaceutical, Inc.
     PRX Distributors, Ltd.          Delaware          Inactive                
     ParCare, Ltd.                   New York          Newly formed            
                                                                               
Par Pharmaceutical, Inc.                                                       
                                                                               
     Quad Pharmaceuticals, Inc.      Indiana           Inactive                
     Par Printing Enterprises,                                                 
      Inc.                           New Jersey        Inactive                
     Generic Innovations, Inc.       New Jersey        Inactive                
     Advanced Biopharm, Inc.         Delaware          Inactive                
                                                                               
PRX Distributors, Ltd.                                                         
                                                                               
     D609 Corporation                Delaware          Newly formed