Exhibit 21

List of Subsidiaries

Par Pharmaceutical Companies, Inc.

Entity	Jurisdiction of Organization	Percentage of Voting Securities Owned by Its Immediate Parent
Par Pharmaceutical, Inc.	Delaware		100	%
Kali Laboratories, Inc.	New Jersey		100	%

Par Pharmaceutical, Inc.

Entity	Jurisdiction of Organization	Percentage of Voting Securities Owned by Its Immediate Parent
Par, Inc.	Delaware		100	%
Anchen Incorporated	Delaware		100	%
Par Formulations Private Limited	India		99.999	%

Par, Inc.

Entity	Jurisdiction of Organization	Percentage of Voting Securities Owned by Its Immediate Parent
Par Formulations Private Limited	India		0.001	%

Anchen Incorporated

Entity	Jurisdiction of Organization	Percentage of Voting Securities Owned by Its Immediate Parent
Anchen Pharmaceuticals, Inc.	California		100	%