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PHARMACEUTICAL RESOURCES REPORTS COURT OF APPEALS DECISION

 SPRING VALLEY, N.Y., Oct. 20 /PRNewswire/ -- Pharmaceutical Resources, Inc. (NYSE: PRX) learned today that on Oct. 18, 1993, the United States Court of Appeals for the Fourth Circuit reversed the decision of the federal district court in Maryland that had dismissed a lawsuit filed by Mylan Laboratories, Inc. against PRC's Par Pharmaceutical and Quad Pharmaceuticals subsidiary. The decision reinstates certain of Mylan's claims against Par and Quad under the Racketeer Influenced and Corrupt Organizations Act ("RICO") and the Lanham Act. The opinion affirmed the dismissal of Mylan's claims under the antitrust laws, and affirmed the dismissal of Mylan's claim that Par and Quad had conspired with other drug companies to injure Mylan. The appellate court agreed that those allegations had no support even under the facts alleged by Mylan.
 Kenneth Sawyer, president and chief executive officer, commented, "Pending further review, the company continues to believe that there are valid defenses to the claims alleged in the lawsuit, and we intend to vigorously defend against these charges."
 Pharmaceutical Resources, Inc. is a holding company with subsidiaries that manufacture, market and develop a broad line of generic drugs.
 -0- 10/20/93
 /CONTACT: June Filingeri or Lisa Carlton of Morgen-Walke Associates, 212-850-5600, for Pharmaceutical Resources/
 (PRX)


CO: Pharmaceutical Resources, Inc.; Par Pharmaceuticals; Quad
 Pharmaceuticals; Mylan Laboratories, Inc. ST: New York, Maryland IN: MTC SU:


OS -- NY049 -- 4618 10/20/93 13:06 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 20, 1993
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