1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  FORM 10-Q/A
                               (Amendment No. 1)


                  [X] QUARTERLY REPORT PURSUANT TO SECTION 13
                 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 1998

                                       OR

                  [ ] TRANSITION REPORT PURSUANT TO SECTION 13
                 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

             For the transition period from __________ to __________

                           Commission File No. 0-15242

                          DURAMED PHARMACEUTICALS, INC.

Incorporated Under the                                   IRS Employer I.D.
  Laws of the State                                       No. 11-2590026
     of Delaware
                              7155 East Kemper Road
                             Cincinnati, Ohio 45249
                                 (513) 731-9900


Indicate by checkmark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months, and (2) has been subject to such filing
requirements for the past 90 days.

                   YES    X         NO
                        -----           -----

Common Stock, $.01 par value per share:

Shares Outstanding as of August 7, 1998         17,941,773



   2

                               Explanatory Note
                               ----------------

        This Form 10-Q/A is being filed to furnish Exhibit 4, which was
inadvertently omitted from the original filing.


                           PART II - OTHER INFORMATION


Item 6.      Exhibits

            (4)     Amendment dated as of August 12, 1998 to Rights Agreement 
            (27)    Financial Data Schedule*


- ------------------
*Previously filed.












                                     - 2 -
   3




                                   SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amended report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        DURAMED PHARMACEUTICALS, INC.


Dated:    August 31, 1998                     by:   /s/ TIMOTHY J. HOLT
       -----------------------                      ----------------------------
                                              Timothy J. Holt
                                              Senior Vice President - Finance,
                                              Treasurer, Chief Financial Officer








                                      - 3 -