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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 FHA1wCYEO1ImnK2KbrDfVA==

<SEC-DOCUMENT>0000898432-03-000583.txt : 20030626
<SEC-HEADER>0000898432-03-000583.hdr.sgml : 20030626
<ACCEPTANCE-DATETIME>20030625175252
ACCESSION NUMBER:		0000898432-03-000583
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030624
FILED AS OF DATE:		20030626

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			O CONNOR DENNIS J
		CENTRAL INDEX KEY:			0001192855

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10827
		FILM NUMBER:		03757263

	BUSINESS ADDRESS:	
		STREET 1:		C/O PHARMACEUTICAL INC
		STREET 2:		ONE RAM RIDGE ROAD
		CITY:			SPRING VALLEY
		STATE:			NY
		ZIP:			10977

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHARMACEUTICAL RESOURCES INC
		CENTRAL INDEX KEY:			0000878088
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				223122182
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		ONE RAM RIDGE RD
		CITY:			SPRING VALLEY
		STATE:			NY
		ZIP:			10977
		BUSINESS PHONE:		9144257100

	MAIL ADDRESS:	
		STREET 1:		ONE RAM RIDGE RD
		CITY:			SPRING VALLEY
		STATE:			NY
		ZIP:			10977
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>pharma-oconnor_form4ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-06-24</periodOfReport>
    <issuer>
        <issuerCik>0000878088</issuerCik>
        <issuerName>PHARMACEUTICAL RESOURCES INC</issuerName>
        <issuerTradingSymbol>PRX</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0001192855</rptOwnerCik>
            <rptOwnerName>O CONNOR DENNIS J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Vice President</officerTitle>
       </reportingOwnerRelationship>
   </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>15000</value>
         </transactionShares>
         <transactionValue>
           <value>5.50</value>
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         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>6000</value>
         </transactionShares>
         <transactionValue>
           <value>5.125</value>
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         <transactionAcquiredDisposedCode>
           <value>A</value>
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            <value>D</value>
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   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock</value>
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         <value>2003-06-24</value>
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      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>6000</value>
         </transactionShares>
         <transactionValue>
           <value>7.625</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>28619</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
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   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>27000</value>
         </transactionShares>
         <transactionValue>
           <value>47.3456</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
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     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>1619</value>
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      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
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   </nonDerivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Common Stock Option to Buy</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>7.625</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
         <transactionShares>
           <value>6000</value>
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         <transactionValue>
           <value>0</value>
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         <transactionAcquiredDisposedCode>
           <value>A</value>
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      <exerciseDate>
         <value>2002-01-12</value>
            <footnoteId id="F1"/>
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      <expirationDate>
         <value>2011-01-11</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>15000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>9000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
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      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Common Stock Option to Buy</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>5.50</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>15000</value>
         </transactionShares>
         <transactionValue>
           <value>0</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2002-10-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2005-04-16</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>15000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Common Stock Option to Buy</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>5.125</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-24</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>M</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>6000</value>
         </transactionShares>
         <transactionValue>
           <value>0</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2001-07-18</value>
            <footnoteId id="F1"/>
      </exerciseDate>
      <expirationDate>
         <value>2010-07-17</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>15000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>9000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> 20% vest on the first anniversary of the date of grant and an additional 20% on each anniversary thereafter.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Marian E. Gustafson for Dennis J. O'Connor</signatureName>
      <signatureDate>2003-06-25</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----