EXHIBIT 21

                           SUBSIDIARIES OF REGISTRANT


 
                                     State or Other Jurisdiction 
           Name                     of Incorporation/Organization
           ----                     ----------------------------- 
                                 
Pharmaceutical Resources, Inc.   
- --------------------------------
 
Par Pharmaceutical, Inc.                    New Jersey
PRX Distributors, Ltd.                      Delaware
ParCare, Ltd.                               New York
PRI-Research, Inc.                          Delaware
Quad Pharmaceuticals, Inc.                  Indiana
Par Pharma Group, Ltd.                      Delaware
                                 
Par Pharmaceutical, Inc.         
- ------------------------ 
Nutriceutical Resources, Inc.               New York

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