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                                                                      EXHIBIT 24


                                POWER OF ATTORNEY

         We, the undersigned directors of Duramed Pharmaceuticals, Inc., hereby
appoint E. Thomas Arington and Timothy J. Holt, or either of them, our true and
lawful attorneys and agents, to do any and all acts and things in our name and
on our behalf in our capacities indicated below, which said attorneys and
agents, or each of them, may deem necessary or advisable to enable said
corporation to comply with the Securities Act of 1933, as amended, and any
rules, regulations, and requirements of the Securities and Exchange Commission,
in connection with a Registration Statement on Form S-3 relating to the
registration of shares of the Common Stock of the corporation to be offered by
certain Selling Shareholders, including, without limitation, power and authority
to sign for us, or any of us, in our names in the capacities indicated below,
such Registration Statement as well as any and all amendments (including
post-effective amendments) thereto, and we hereby ratify and confirm all that
said attorneys and agents, or each of them, shall do or cause to be done by
virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this Power
of Attorney has been signed below by the following persons in the capacities
indicated as of the 31st day of May, 2000.


                  Signatures                                   Title
                  ----------                                   -----


/s/ E. Thomas Arington                                        Director
- --------------------------------------------
E. Thomas Arington


/s/ Jeffrey T. Arington                                       Director
- --------------------------------------------
Jeffrey T. Arington


/s/ George W. Baughman                                        Director
- --------------------------------------------
George W. Baughman


/s/ Richard R. Frankovic                                      Director
- --------------------------------------------
Richard R. Frankovic


/s/ Peter R. Seaver                                           Director
- --------------------------------------------
Peter R. Seaver


/s/ S. Sundararaman                                           Director
- --------------------------------------------
S. Sundararaman